Fidelity Investments led a funding round for Brazilian digital lender Creditas in a private fundraising that valued the firm at $4.8 billion, making it one of Latin America’s most valuable financial upstarts.
Creditas raised $260 million in a Series F financing round led by Fidelity, said Sergio Furio, founder and Chief Executive Officer of the Sao Paulo-based lender. Other existing investors, such as SoftBank Group Corp.’s Vision and Latin America funds, also took part, Furio said.
