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Brazilian lending platform Creditas raises $255m at $1.75bn valuation
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Brazilian lending platform Creditas raises $255m at $1.75bn valuation

SoftBank-backed fintech firm Creditas has reportedly secured $255m in its fifth funding round, which values the firm at $1.75bn.

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SoftBank-backed fintech firm Creditas has reportedly secured $255m in its fifth funding round, which values the firm at $1.75bn.

The new funding round was led by impact investor LGT Lightstone, Reuters reported.

Tarsadia Capital, Wellington Management, e.ventures and Advent International affiliate Sunley House Capital, also participated in the funding round.

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The existing investors include SoftBank, Kaszek Ventures, Amadeus Capital Partners, and VEF, the report added.

Creditas said that it will use the fresh capital to accelerate its loan book growth and to fund its international expansion.

It will fund its newly-launched lending arm in Mexico, with plans to launch new products and services.

Creditas will also expand its technology team with new hires.