SoftBank Sees More Investments in Latin American Startups in 2024 bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
BRLA Digital, operating in the cross-border payments and crypto infrastructure market, received an additional investment from 99 Capital for its pre-seed round.
SoftBank Latin America is certainly having massive exits, but not the lucrative kind. Paulo Passoni and Shu Nyatta, two managing investment partners of SoftBank’s Latin America practice, are leaving the firm to start their own venture practice. According to Passoni’s LinkedIn post, Nyatta and him “now move towards achieving our own dreams. In our own […]
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.