Funding round
Creditas Series D
Creditas, which works in digital lending services in Pereiras, raised $231M in a Series D round announced on 10 Jul 2019, led by SoftBank Vision Fund, SoftBank Latin America Fund and SoftBank Group, at a $750M post-money valuation. 13 firms took part, 4 of them already investors. It is Creditas' fourth venture round on record; the one before was a Series C in Dec 2017.
$231M
Amount raised
$750M
Post-money valuation
$519M pre-money
13
Investors
3 leads
31%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Creditas at $750M after the new money. The $231M bought investors about 31% of the company. It came 19 months after Creditas' Series C. It is 21% of the $1.12B Creditas has raised in the venture rounds on record. Creditas raised again 17 months later: a Series E round of $255M in Dec 2020, at $1.75B post-money.
Creditas' funding rounds
Creditas has 8 venture rounds on record. This one is highlighted.
- Seed 1 Oct 2013 $1.4M
- Series B 1 Feb 2017, led by International Finance Corporation $19M
- Series C 11 Dec 2017, led by VEF $50M
- Series D this round 10 Jul 2019, led by SoftBank Vision Fund, SoftBank Latin America Fund and SoftBank Group $231M$750M post-money
- Series E 18 Dec 2020 $255M$1.75B post-money
- Series F 25 Jan 2022, led by Fidelity Management and Research Company $260M$4.80B post-money
- Growth 8 Jul 2022 $200M$700M post-money
- Series G 1 Dec 2025, led by Andbank Group $108M$3.30B post-money
Investors
Who put money in
SoftBank Vision Fund, SoftBank Latin America Fund and SoftBank Group led the round with 10 other firms. VEF, Mouro Capital, Amadeus Capital and SoftBank Group had backed Creditas before.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- SoftBank Latin America Fund new investor
- SoftBank Group existing investor
Also in the round
- backs 12 venture-backed companies existing investor
- backs 39 venture-backed companies existing investor
- Amadeus Capital existing investor
- Kaszek backs 85 venture-backed companies new investor
- Accion Frontier Fund new investor
- backs 21 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- Naspers Fintech new investor
- International Finance Corporation backs 92 venture-backed companies new investor
- Endeavor backs 236 venture-backed companies new investor
Joined the board: SoftBank Vision Fund (SoftBank Vision Fund) and SoftBank Latin America Fund (SoftBank Latin America Fund).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $40M, and this round was 5.8 times the median. The closest in time, other companies' Series D rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tala Loans & Financing | 21 Aug 2019 | $110M | $750M | RPS Ventures |
| Loans & Financing | 5 Sep 2019 | $70M | $495M | CMFG Ventures, LLC |
| Loans & Financing | 2 Sep 2019 | $16M | not disclosed | not named |
| Konfío Loans & Financing | 3 Dec 2019 | $100M | not disclosed | SoftBank Group |
| Loans & Financing | 9 Dec 2019 | $20M | not disclosed | Escala Partners |
| Loans & Financing | 1 Nov 2018 | $27M | not disclosed | Norwest Venture Partners |
| Upgrade Loans & Financing | 17 Jun 2020 | $40M | $1.00B | Mouro Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Creditas raise in its Series D round?
Creditas raised $231M in its Series D round, announced in Jul 2019.
Who led Creditas' Series D round?
SoftBank Vision Fund, SoftBank Latin America Fund and SoftBank Group led it, with VEF, Mouro Capital, Amadeus Capital, Kaszek and Accion Frontier Fund and 5 more.
What was Creditas' valuation at the Series D round?
$750M post-money ($519M pre-money).
How does it compare with other Series D rounds in Loans & Financing?
7 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $40M, and this round was 5.8 times the median.
Did Creditas raise again after this round?
Yes: a Series E round in Dec 2020 of $255M at $1.75B post-money.