Deals
SoftBank Is Said in Talks to Invest in Brazilian Lender Creditas
- Japanese tech investor may put about $230 million in Creditas
- Vision Fund and Innovation Fund will jointly invest in firm
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SoftBank Group Corp. is in talks to invest about $230 million in Brazilian online lender Creditas as the firm expands investments in Latin America, according to people familiar with the matter.
SoftBank is planning to do the deal via a joint investment from its Vision Fund and newly created Innovation Fund, according to the people, who asked not to be identified as the details aren’t public. No final decisions have been made, and SoftBank may still decide against the transaction, they said.