Creditas will pay an undisclosed amount for the digital mortgage lender, a spinoff from Banco Bari, as it seeks to boost its real estate financing division.
Online lender Creditas agreed yesterday to buy Brazil-based digital real estate financing platform Bcredi for an undisclosed amount, providing an exit for financial services firm Banco Bari.
Founded in 2017 as the digital arm of Banco Bari, Bcredi was spun off the following year by co-founder and CEO Maria Teresa Fornea Caron, who will be appointed vice-president of real estate credit for Creditas once the acquisition closes.
Bcredi provides mortgages and home equity loans to customers in Brazil, with a…
