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.