TechnologySoftBank funding propels U.S. shares of Brazil s Afya to near 3-month high
Reuters
2 minutes read
U.S.-listed shares of Afya Ltd (AFYA.O) hit their highest in nearly three months in afternoon trading after the Brazilian medical education group announced a $150 million investment from SoftBank Latin America Fund.
The stock was up more than 12% at $24.10 by 1745 GMT on Tuesday.
The investment will be executed through the purchase of convertible preferred shares, Afya said, with SoftBank Group Corp (9984.T) also planning to buy about 2.2 million common shares of the company from two existing shareholders.
Based on the closing price of the stock on Monday, this would represent an additional investment of around $50 million.
Goldman Boosts Credit Line for Mexicoâs Konfio to $160 Million
Feb 25 2021, 9:50 PM
February 25 2021, 8:26 PM
February 25 2021, 9:50 PM
(Bloomberg) Goldman Sachs Group Inc is increasing a credit line to Mexican financial technology firm Konfio Ltd. to support the startup in its bid to disrupt traditional lending practices in Latin Americaâs second-largest economy.
(Bloomberg) Goldman Sachs Group Inc is increasing a credit line to Mexican financial technology firm Konfio Ltd. to support the startup in its bid to disrupt traditional lending practices in Latin Americaâs second-largest economy.
Goldman will provide $160 million of support for Konfio to draw from, up from an earlier pledge of $100 million, the Mexico City-based company said in an statement. The credit extension will allow Konfio to increase the number of loans it gives to small and medium-sized companies.
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Brazilian lending company Creditas raises $255 million as Latin America’s fintech explosion continues
Creditas, the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash.
The company’s credit portfolio has crossed 1 billion reals ($196.66 million) and the new round will value the company at $1.75 billion thanks to $570 million raised in outside financing over five rounds.
Creditas is the latest company to benefit from a boom in financial services startup investing across the region. As the year dawned, venture investments into fintech startups in Latin America had grown from $50 million in 2014 to top $2.1 billion in 2020 across 139 deals, according to a report from CB Insights.