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Endeavor Catalyst backs Brazilian lending platform Creditas

Creditas launched in 2012 to improve Brazilians’ access to credit. Borrowers put homes and cars up as collateral for access to the lending platform’s low-interest loans.

Creditas has originated $100 million in loans to date. Endeavor Catalyst backed the company’s $50 million Series C round alongside Kaszek Ventures, Quona Capital, QED Investors, International Finance Corporation and Naspers.

Endeavor is a global entrepreneurship network. Its Catalyst fund invests in entrepreneurs who then become part of the network and commit to donating 2% of their cash to Endeavor in the event their startup is acquired.

Endeavor just closed its second Catalyst fund with $85 million in commitments.

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