Dealflow | February 13, 2018

Endeavor Catalyst backs Brazilian lending platform Creditas

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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.