Creditas (fka BankFacil), a São Paulo, Brazil-based digital platform focused on originating and processing secured loans, raised BRL 60 million (equivalent to $19 million) in equity and debt funding.
The round was led by IFC, a member of the World Bank Group, with participation from Napsters Fintech B.V. and existing investors Redpoint eVentures, Kaszek Ventures, QED Investors, and Quona Capital.
The company intends to use the funds to grow in Brazil.
Led by Sergio Furio, CEO, Creditas is a digital credit platform focused on secured loans via technology and data intelligence. Its hybrid funding model allows it to originate loans using residences or vehicles as collaterals, utilizing resources both from institutional investors and financial institutions.
The company currently has over 120 employees.