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Fidelity Buys Stake in Creditas Valuing Startup at $4.8 Billion

  • Brazilian digital lender raised $260 million in funding round
  • Creditas eyes acquisitions, plans to double revenue in 2022
Sergio Furio, Founder and Chief Executive Officer at Creditas
Sergio Furio, Founder and Chief Executive Officer at CreditasSource: Creditas

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.