Funding round
Creditas Series F
Creditas, which works in digital lending services in Pereiras, raised $260M in a Series F round announced on 25 Jan 2022, led by Fidelity Management and Research Company, at a $4.80B post-money valuation. 12 firms took part, 9 of them already investors. It is Creditas' sixth venture round on record; the one before was a Series E in Dec 2020.
$260M
Amount raised
$4.80B
Post-money valuation
$4.54B pre-money
12
Investors
1 lead
2.7x
Step-up from the Series E
$1.75B in Dec 2020
5.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Creditas at $4.80B after the new money, 2.7 times the $1.75B of its Series E (Dec 2020). The $260M bought investors about 5.4% of the company. It came 13 months after Creditas' Series E. It is 23% of the $1.12B Creditas has raised in the venture rounds on record. Creditas raised again 6 months later: a Growth round of $200M in Jul 2022, at $700M 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 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 this round 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
Fidelity Management and Research Company led the round with 11 other firms. QED Investors, VEF, SoftBank Vision Fund and SoftBank Latin America Fund and 5 more had backed Creditas before.
Lead investor
- Fidelity Management and Research Company new investor
Also in the round
- backs 11 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies existing investor
- backs 12 venture-backed companies existing investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- SoftBank Latin America Fund existing investor
- Kaszek backs 85 venture-backed companies existing investor
- Lightrock backs 62 venture-backed companies existing investor
- backs 163 venture-backed companies existing investor
- Wellington Management existing investor
- Advent International backs 36 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Loans & Financing, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 23 Dec 2021 | $53M | not disclosed | IIFL Wealth |
| Upgrade Loans & Financing | 16 Nov 2021 | $280M | $6.28B | Coatue and DST Global |
| Moglix Industrial Machinery & Supplies | 28 Jan 2022 | $250M | $2.60B | Tiger Global and Alpha Wave Global |
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Lyra Health Psychologists & Counseling Services | 19 Jan 2022 | $235M | $5.90B | Dragoneer Investment Group |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
| Employment Agencies & HR Consulting | 19 Jan 2022 | $200M | $3.50B | Coatue and Valiant Peregrine |
| Tech Companies | 18 Jan 2022 | $175M | $3.00B | Thrive Capital and Tiger Global |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Creditas raise in its Series F round?
Creditas raised $260M in its Series F round, announced in Jan 2022.
Who led Creditas' Series F round?
Fidelity Management and Research Company led it, with Actyus, Greentrail Capital, QED Investors, VEF and SoftBank Vision Fund and 6 more.
What was Creditas' valuation at the Series F round?
$4.80B post-money ($4.54B pre-money).
Did Creditas raise again after this round?
Yes: a Growth round in Jul 2022 of $200M at $700M post-money.