Naspers finances Creditas in $50m round

Dec 13, 2017 • Thierry Heles

Naspers, an investor in Creditas' $19m series B round earlier this year, returned for a $50m series C that will support product development.

Brazil-based online lender Creditas secured $50m in series C funding on Monday from investors including media and e-commerce group Naspers, which invested through its Naspers Fintech unit according to TechCrunch.

Investment firm Vostok Emerging Finance led the round with a $25m commitment. Kaszek Ventures, Quona Capital, QED Investors and International Finance Corporation (IFC), the private sector arm of the multilateral financial institution World Bank, also participated.

Founded in 2012, Creditas has created an online consumer loans platform that offers financing options…

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