SlideShare a Scribd company logo
Santander InnoVentures makes its first investment in
Brazil via digital lending platform Creditas
Sao Paulo (Brazil), 17 April 2018 - PRESS RELEASE
Santander InnoVentures, the fintech venture capital fund of Santander Group, announced today an
investment in the startup Creditas, the leading Brazilian secured lending platform. This is Santander
InnoVentures’ first investment in Brazil and second in Latin America.
Creditas also announced today an increase of its Series-C funding round to USD 55 million with the
addition of Santander InnoVentures and Amadeus Capital Partners. The round was led by Vostok
Emerging Finance (VEF), a company focused on early and growth stage fintech companies across
emerging and frontier markets, based in Sweden. Current investors also participated in the round,
including Kaszek Ventures, Quona Capital, QED Investors, International Finance Corporation and
Naspers Fintech.
Manuel Silva, partner and head of Investment at Santander InnoVentures, said: “Brazil is a core market
for Santander, and we are excited to make our first investment in such a thriving ecosystem. We are
strong believers in Brazilian fintech innovation and see Sergio Furio, Creditas’ founder and CEO, a great
example of the new generation of entrepreneurs in Brazil who are redefining local financial services.
We are very happy to join him and his world-class investors in shaping Creditas’ success”.
Creditas has grown seven times in the last 12 months and plans to use the new funds to support the
fintech’s expansion plan, with significant investments in technology and expansion of its client base.
With a staff of 365 and growing, Creditas plans to develop new products and explore new markets in
the coming year.
Sergio Furio said: “We are proud to be the first investment of Santander InnoVentures in Brazil, a
milestone that recognizes the change in the consumer behavior and the need to have fully digital
platforms to deliver even the more complex secured lending products. Our goal is to lead the
dissemination of secured loans in Brazil, as the main instrument to lower interest rates to consumers,
promoting healthy and productive borrowing behaviors. We want to maintain our accelerated growth
in the coming years, we are just at the beginning and want to be 30 times bigger in three years”.
Amadeus Capital, the global technology investor, also joined the round, making its third investment in
Brazil. Pat Burtis, a partner at Amadeus, said: “Personal secured credit is a huge, untapped opportunity
in Brazil. We are delighted to support the world-class team at Creditas as they continue to build this
pioneering business”.
Creditas is a digital-first secured lending platform, with a mission of reducing the Brazilian consumer
debt burden by offering consumer loans at more affordable rates. Brazilians are paying high interest
rates in the unsecured lending space, while at the same time approximately 70% of home and car
owners don’t have mortgage or auto financing. Creditas leverages these assets that represent US$ 3
trillion in the country to offer home and auto secured loans at more reasonable rates, as is the norm in
markets like the US and Europe. Creditas was founded in 2012 by Sergio Furio and is based in Sao Paulo,
Brazil.
About Santander InnoVentures
InnoVentures is Santander’s USD 200 million corporate venture capital fund. It is tasked to find, qualify and
strategically invest in fintech businesses that can create strategic ties with Santander and help Santander innovate
with a purpose - either to achieve operational excellence or serve customers better. The fund, which has made
21 investments in the four years since it was established, invests in companies from all over the world that
innovate across the fintech value chain, in the areas such as artificial intelligence, payments, credit, banking-as-a-
service, financial inclusion, among others. Creditas is its second investment in Latin America, after the Mexican
startup ePesos last September.
About Amadeus Capital
Amadeus Capital Partners is a global technology investor. Since 1997, the firm has backed more than 130
companies and raised over $1bn for investment. With vast experience and a great network, Amadeus Capital’s
team of investors and entrepreneurs share a passion for the transformative power of technology. We invest in
consumer services, financial technology, artificial intelligence, cyber security, medical technology, digital health
and digital media. Pioneering businesses we’ve backed include gene-sequencing innovator Solexa, cyber security
vendor ForeScout, eye-tracking specialist Tobii, Optos, producer of advanced retinal imaging, and Kreditech,
provider of financial products to the ‘underbanked’.
About Creditas
Creditas is a secured lending platform, operating with a mission of reducing the Brazilian consumer debt burden
and significantly reducing interest rates. Based in Sao Paulo, Brazil, Creditas has a staff of 365 and employs
technology and data-driven intelligence to generate efficiency and reinvent the borrower’s experience. The
company operates across the secured lending value chain, including customer acquisition, credit origination,
pricing, documentation, and servicing, keeping the relationship with customers through their full journey. The
company has two credit investment funds that provide liquidity from investors to fund the loans to its customers.
Creditas is backed by venture capital funds and institutional investors, including Redpoint eVentures, Kaszek
Ventures, Quona Capital, QED Investors, International Finance Corporation (“IFC” from the World Bank), Naspers
Fintech and Vostok Emerging Finance.
Media contacts
Santander
+34 91 2895211
comunicacion@gruposantander.com
Amadeus Capital
Sam Barton
+44 (0)7380 961549
amadeus-advisors@amadeuscapital.com
Creditas
imprensa@creditas.com.br
Creditas - Ideal H+K Strategies
Fernanda Triches - fernanda.triches@idealhks.com
Raoni Costa - raoni.costa@idealhks.com
+55 11 4873 7900

More Related Content

Similar to Santander InnoVentures makes its first investment in Brazil via digital lending platform Creditas

I-Bytes Financial services Industry
I-Bytes Financial services IndustryI-Bytes Financial services Industry
I-Bytes Financial services Industry
EGBG Services
 
MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017
Mutual Trust Bank Ltd.
 
I-Bytes Banking Industry
I-Bytes Banking IndustryI-Bytes Banking Industry
I-Bytes Banking Industry
EGBG Services
 
Information Memorandum
Information MemorandumInformation Memorandum
Information Memorandum
SproutChange Inc.
 
Cppo fgs slide share
Cppo  fgs slide shareCppo  fgs slide share
Cppo fgs slide share
jennifertramontana
 
Cppo & fgs slide share
Cppo & fgs slide shareCppo & fgs slide share
Cppo & fgs slide share
jennifertramontana
 
Santander announces its £33 million investment in monitise’s global platform ...
Santander announces its £33 million investment in monitise’s global platform ...Santander announces its £33 million investment in monitise’s global platform ...
Santander announces its £33 million investment in monitise’s global platform ...
BANCO SANTANDER
 
Haystax R.H Business Plan 2020
Haystax R.H Business Plan 2020Haystax R.H Business Plan 2020
Haystax R.H Business Plan 2020
Venkatesh Venkatasubramanian
 
The digital transformation guide: Six strategies to scale financial inclusion
The digital transformation guide: Six strategies to scale financial inclusionThe digital transformation guide: Six strategies to scale financial inclusion
The digital transformation guide: Six strategies to scale financial inclusion
run_frictionless
 
mentors2
mentors2mentors2
mentors2
Shane Kite
 
Quatro Banking Corporation Presentation
Quatro  Banking  Corporation  PresentationQuatro  Banking  Corporation  Presentation
Quatro Banking Corporation Presentation
Raphael K J Petersen
 
Santander InnoVentures invests in Tradeshift
Santander InnoVentures invests in TradeshiftSantander InnoVentures invests in Tradeshift
Santander InnoVentures invests in Tradeshift
BANCO SANTANDER
 
Canadian Prepaid Ecosystem 2020
Canadian Prepaid Ecosystem 2020Canadian Prepaid Ecosystem 2020
Canadian Prepaid Ecosystem 2020
jennifertramontana
 
Bracing for seven critical changes as fintech matures
Bracing for seven critical changes as fintech maturesBracing for seven critical changes as fintech matures
Bracing for seven critical changes as fintech matures
Col Mukteshwar Prasad
 
MIF Report on Ubiquo investment et al
MIF Report on Ubiquo investment et alMIF Report on Ubiquo investment et al
MIF Report on Ubiquo investment et al
Hindenburg Research
 
CommerzVentures: the rise of the robo advisors from an investor’s perspective
CommerzVentures: the rise of the robo advisors from an investor’s perspectiveCommerzVentures: the rise of the robo advisors from an investor’s perspective
CommerzVentures: the rise of the robo advisors from an investor’s perspective
CommerzVentures
 
Management of Financial Institutions (VV2)
Management of Financial Institutions (VV2)Management of Financial Institutions (VV2)
Management of Financial Institutions (VV2)
amitymbaassignment
 
The 10 best emerging fintech startups in 2018
The 10 best emerging fintech startups in 2018The 10 best emerging fintech startups in 2018
The 10 best emerging fintech startups in 2018
Merry D'souza
 
Quatro Ebanking
Quatro Ebanking Quatro Ebanking
Quatro Ebanking
Aflathoon
 
Payments
Payments Payments
Payments
sandy502728
 

Similar to Santander InnoVentures makes its first investment in Brazil via digital lending platform Creditas (20)

I-Bytes Financial services Industry
I-Bytes Financial services IndustryI-Bytes Financial services Industry
I-Bytes Financial services Industry
 
MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017
 
I-Bytes Banking Industry
I-Bytes Banking IndustryI-Bytes Banking Industry
I-Bytes Banking Industry
 
Information Memorandum
Information MemorandumInformation Memorandum
Information Memorandum
 
Cppo fgs slide share
Cppo  fgs slide shareCppo  fgs slide share
Cppo fgs slide share
 
Cppo & fgs slide share
Cppo & fgs slide shareCppo & fgs slide share
Cppo & fgs slide share
 
Santander announces its £33 million investment in monitise’s global platform ...
Santander announces its £33 million investment in monitise’s global platform ...Santander announces its £33 million investment in monitise’s global platform ...
Santander announces its £33 million investment in monitise’s global platform ...
 
Haystax R.H Business Plan 2020
Haystax R.H Business Plan 2020Haystax R.H Business Plan 2020
Haystax R.H Business Plan 2020
 
The digital transformation guide: Six strategies to scale financial inclusion
The digital transformation guide: Six strategies to scale financial inclusionThe digital transformation guide: Six strategies to scale financial inclusion
The digital transformation guide: Six strategies to scale financial inclusion
 
mentors2
mentors2mentors2
mentors2
 
Quatro Banking Corporation Presentation
Quatro  Banking  Corporation  PresentationQuatro  Banking  Corporation  Presentation
Quatro Banking Corporation Presentation
 
Santander InnoVentures invests in Tradeshift
Santander InnoVentures invests in TradeshiftSantander InnoVentures invests in Tradeshift
Santander InnoVentures invests in Tradeshift
 
Canadian Prepaid Ecosystem 2020
Canadian Prepaid Ecosystem 2020Canadian Prepaid Ecosystem 2020
Canadian Prepaid Ecosystem 2020
 
Bracing for seven critical changes as fintech matures
Bracing for seven critical changes as fintech maturesBracing for seven critical changes as fintech matures
Bracing for seven critical changes as fintech matures
 
MIF Report on Ubiquo investment et al
MIF Report on Ubiquo investment et alMIF Report on Ubiquo investment et al
MIF Report on Ubiquo investment et al
 
CommerzVentures: the rise of the robo advisors from an investor’s perspective
CommerzVentures: the rise of the robo advisors from an investor’s perspectiveCommerzVentures: the rise of the robo advisors from an investor’s perspective
CommerzVentures: the rise of the robo advisors from an investor’s perspective
 
Management of Financial Institutions (VV2)
Management of Financial Institutions (VV2)Management of Financial Institutions (VV2)
Management of Financial Institutions (VV2)
 
The 10 best emerging fintech startups in 2018
The 10 best emerging fintech startups in 2018The 10 best emerging fintech startups in 2018
The 10 best emerging fintech startups in 2018
 
Quatro Ebanking
Quatro Ebanking Quatro Ebanking
Quatro Ebanking
 
Payments
Payments Payments
Payments
 

More from BANCO SANTANDER

Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...
Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...
Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...
BANCO SANTANDER
 
Financial Report Q1 2018
Financial Report Q1 2018Financial Report Q1 2018
Financial Report Q1 2018
BANCO SANTANDER
 
Presentacion Resultados 1T18
Presentacion Resultados 1T18Presentacion Resultados 1T18
Presentacion Resultados 1T18
BANCO SANTANDER
 
Informe Financiero 1T 2018
Informe Financiero 1T 2018Informe Financiero 1T 2018
Informe Financiero 1T 2018
BANCO SANTANDER
 
Earnings presentation Q1 18
Earnings presentation Q1 18Earnings presentation Q1 18
Earnings presentation Q1 18
BANCO SANTANDER
 
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...
BANCO SANTANDER
 
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...
BANCO SANTANDER
 
Santander renueva la imagen de marca para reforzar su estrategia digital
Santander renueva la imagen de marca para reforzar su estrategia digitalSantander renueva la imagen de marca para reforzar su estrategia digital
Santander renueva la imagen de marca para reforzar su estrategia digital
BANCO SANTANDER
 
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...Santander InnoVentures invierte en Roostify, una startup que permite formaliz...
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...
BANCO SANTANDER
 
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directors
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directorsÁlvaro Antonio Cardoso de Souza to join Banco Santander's board of directors
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directors
BANCO SANTANDER
 
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...
BANCO SANTANDER
 
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...
BANCO SANTANDER
 
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...
BANCO SANTANDER
 
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%Santander attributable profit for 2017 reaches 6,619 million euros - up 7%
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%
BANCO SANTANDER
 
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...
BANCO SANTANDER
 
Santander lanza la primera gama de fondos de inversión sostenibles en España
Santander lanza la primera gama de fondos de inversión sostenibles en EspañaSantander lanza la primera gama de fondos de inversión sostenibles en España
Santander lanza la primera gama de fondos de inversión sostenibles en España
BANCO SANTANDER
 
Banco Santander, líder mundial en el Bloomberg Gender Equality Index
Banco Santander, líder mundial en el Bloomberg Gender Equality IndexBanco Santander, líder mundial en el Bloomberg Gender Equality Index
Banco Santander, líder mundial en el Bloomberg Gender Equality Index
BANCO SANTANDER
 
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...
BANCO SANTANDER
 
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...
BANCO SANTANDER
 
Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...
Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...
Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...
BANCO SANTANDER
 

More from BANCO SANTANDER (20)

Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...
Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...
Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...
 
Financial Report Q1 2018
Financial Report Q1 2018Financial Report Q1 2018
Financial Report Q1 2018
 
Presentacion Resultados 1T18
Presentacion Resultados 1T18Presentacion Resultados 1T18
Presentacion Resultados 1T18
 
Informe Financiero 1T 2018
Informe Financiero 1T 2018Informe Financiero 1T 2018
Informe Financiero 1T 2018
 
Earnings presentation Q1 18
Earnings presentation Q1 18Earnings presentation Q1 18
Earnings presentation Q1 18
 
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...
 
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...
 
Santander renueva la imagen de marca para reforzar su estrategia digital
Santander renueva la imagen de marca para reforzar su estrategia digitalSantander renueva la imagen de marca para reforzar su estrategia digital
Santander renueva la imagen de marca para reforzar su estrategia digital
 
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...Santander InnoVentures invierte en Roostify, una startup que permite formaliz...
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...
 
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directors
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directorsÁlvaro Antonio Cardoso de Souza to join Banco Santander's board of directors
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directors
 
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...
 
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...
 
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...
 
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%Santander attributable profit for 2017 reaches 6,619 million euros - up 7%
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%
 
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...
 
Santander lanza la primera gama de fondos de inversión sostenibles en España
Santander lanza la primera gama de fondos de inversión sostenibles en EspañaSantander lanza la primera gama de fondos de inversión sostenibles en España
Santander lanza la primera gama de fondos de inversión sostenibles en España
 
Banco Santander, líder mundial en el Bloomberg Gender Equality Index
Banco Santander, líder mundial en el Bloomberg Gender Equality IndexBanco Santander, líder mundial en el Bloomberg Gender Equality Index
Banco Santander, líder mundial en el Bloomberg Gender Equality Index
 
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...
 
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...
 
Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...
Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...
Santander, Crue y CEPYME convocan 5.000 becas de prácticas profesionales remu...
 

Recently uploaded

how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.
CRYPTO SPACE 🪙
 
how to sell hamster kombat tokens for USD.
how to sell hamster kombat tokens for USD.how to sell hamster kombat tokens for USD.
how to sell hamster kombat tokens for USD.
CRYPTO SPACE 🪙
 
Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...
Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...
Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...
maigasapphire
 
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full DayLucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
annarivihqrika
 
Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.
CRYPTO SPACE 🪙
 
How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?
CRYPTO SPACE 🪙
 
Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.
CRYPTO SPACE 🪙
 
Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...
Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...
Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...
eshikajshani
 
how to successfully withdraw hamster tokens to TON - WALLET
how to successfully withdraw hamster tokens to TON - WALLEThow to successfully withdraw hamster tokens to TON - WALLET
how to successfully withdraw hamster tokens to TON - WALLET
CRYPTO SPACE 🪙
 
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
sharonblush
 
Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?
CRYPTO SPACE 🪙
 
how can I convert hamster kombat to other cryptocurrency - BITCOIN, USDT, BNB.
how can I convert hamster kombat to other cryptocurrency -  BITCOIN, USDT, BNB.how can I convert hamster kombat to other cryptocurrency -  BITCOIN, USDT, BNB.
how can I convert hamster kombat to other cryptocurrency - BITCOIN, USDT, BNB.
CRYPTO SPACE 🪙
 
How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?
CRYPTO SPACE 🪙
 
how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.
CRYPTO SPACE 🪙
 
How can I withdraw my hamster tokens to real money in India.
How can I withdraw my hamster tokens to real money in India.How can I withdraw my hamster tokens to real money in India.
How can I withdraw my hamster tokens to real money in India.
CRYPTO SPACE 🪙
 
hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.
CRYPTO SPACE 🪙
 
3. Elemental Economics - Supply and Costs.pdf
3. Elemental Economics - Supply and Costs.pdf3. Elemental Economics - Supply and Costs.pdf
3. Elemental Economics - Supply and Costs.pdf
Neal Brewster
 
Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]
Commonwealth
 
AI.It's simple to believe artificial intelligence (AI) has the solution to ev...
AI.It's simple to believe artificial intelligence (AI) has the solution to ev...AI.It's simple to believe artificial intelligence (AI) has the solution to ev...
AI.It's simple to believe artificial intelligence (AI) has the solution to ev...
Thailand Appreciative Inquiry Network
 
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
seenaoberoi
 

Recently uploaded (20)

how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.
 
how to sell hamster kombat tokens for USD.
how to sell hamster kombat tokens for USD.how to sell hamster kombat tokens for USD.
how to sell hamster kombat tokens for USD.
 
Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...
Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...
Girls Call Marine lines 9910780858 Provide Best And Top Girl Service And No1 ...
 
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full DayLucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
 
Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.
 
How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?
 
Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.
 
Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...
Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...
Lucknow Girls Call Kesar Bagh 08630512678 Provide Best And Top Girl Service A...
 
how to successfully withdraw hamster tokens to TON - WALLET
how to successfully withdraw hamster tokens to TON - WALLEThow to successfully withdraw hamster tokens to TON - WALLET
how to successfully withdraw hamster tokens to TON - WALLET
 
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
Most Girls Call Navi Mumbai 9930245274 Provide Best And Top Girl Service And ...
 
Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?
 
how can I convert hamster kombat to other cryptocurrency - BITCOIN, USDT, BNB.
how can I convert hamster kombat to other cryptocurrency -  BITCOIN, USDT, BNB.how can I convert hamster kombat to other cryptocurrency -  BITCOIN, USDT, BNB.
how can I convert hamster kombat to other cryptocurrency - BITCOIN, USDT, BNB.
 
How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?
 
how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.
 
How can I withdraw my hamster tokens to real money in India.
How can I withdraw my hamster tokens to real money in India.How can I withdraw my hamster tokens to real money in India.
How can I withdraw my hamster tokens to real money in India.
 
hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.
 
3. Elemental Economics - Supply and Costs.pdf
3. Elemental Economics - Supply and Costs.pdf3. Elemental Economics - Supply and Costs.pdf
3. Elemental Economics - Supply and Costs.pdf
 
Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]Economic Risk Factor Update: July 2024 [SlideShare]
Economic Risk Factor Update: July 2024 [SlideShare]
 
AI.It's simple to believe artificial intelligence (AI) has the solution to ev...
AI.It's simple to believe artificial intelligence (AI) has the solution to ev...AI.It's simple to believe artificial intelligence (AI) has the solution to ev...
AI.It's simple to believe artificial intelligence (AI) has the solution to ev...
 
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
 

Santander InnoVentures makes its first investment in Brazil via digital lending platform Creditas

  • 1. Santander InnoVentures makes its first investment in Brazil via digital lending platform Creditas Sao Paulo (Brazil), 17 April 2018 - PRESS RELEASE Santander InnoVentures, the fintech venture capital fund of Santander Group, announced today an investment in the startup Creditas, the leading Brazilian secured lending platform. This is Santander InnoVentures’ first investment in Brazil and second in Latin America. Creditas also announced today an increase of its Series-C funding round to USD 55 million with the addition of Santander InnoVentures and Amadeus Capital Partners. The round was led by Vostok Emerging Finance (VEF), a company focused on early and growth stage fintech companies across emerging and frontier markets, based in Sweden. Current investors also participated in the round, including Kaszek Ventures, Quona Capital, QED Investors, International Finance Corporation and Naspers Fintech. Manuel Silva, partner and head of Investment at Santander InnoVentures, said: “Brazil is a core market for Santander, and we are excited to make our first investment in such a thriving ecosystem. We are strong believers in Brazilian fintech innovation and see Sergio Furio, Creditas’ founder and CEO, a great example of the new generation of entrepreneurs in Brazil who are redefining local financial services. We are very happy to join him and his world-class investors in shaping Creditas’ success”. Creditas has grown seven times in the last 12 months and plans to use the new funds to support the fintech’s expansion plan, with significant investments in technology and expansion of its client base. With a staff of 365 and growing, Creditas plans to develop new products and explore new markets in the coming year. Sergio Furio said: “We are proud to be the first investment of Santander InnoVentures in Brazil, a milestone that recognizes the change in the consumer behavior and the need to have fully digital platforms to deliver even the more complex secured lending products. Our goal is to lead the dissemination of secured loans in Brazil, as the main instrument to lower interest rates to consumers, promoting healthy and productive borrowing behaviors. We want to maintain our accelerated growth in the coming years, we are just at the beginning and want to be 30 times bigger in three years”. Amadeus Capital, the global technology investor, also joined the round, making its third investment in Brazil. Pat Burtis, a partner at Amadeus, said: “Personal secured credit is a huge, untapped opportunity in Brazil. We are delighted to support the world-class team at Creditas as they continue to build this pioneering business”. Creditas is a digital-first secured lending platform, with a mission of reducing the Brazilian consumer debt burden by offering consumer loans at more affordable rates. Brazilians are paying high interest rates in the unsecured lending space, while at the same time approximately 70% of home and car owners don’t have mortgage or auto financing. Creditas leverages these assets that represent US$ 3 trillion in the country to offer home and auto secured loans at more reasonable rates, as is the norm in markets like the US and Europe. Creditas was founded in 2012 by Sergio Furio and is based in Sao Paulo, Brazil.
  • 2. About Santander InnoVentures InnoVentures is Santander’s USD 200 million corporate venture capital fund. It is tasked to find, qualify and strategically invest in fintech businesses that can create strategic ties with Santander and help Santander innovate with a purpose - either to achieve operational excellence or serve customers better. The fund, which has made 21 investments in the four years since it was established, invests in companies from all over the world that innovate across the fintech value chain, in the areas such as artificial intelligence, payments, credit, banking-as-a- service, financial inclusion, among others. Creditas is its second investment in Latin America, after the Mexican startup ePesos last September. About Amadeus Capital Amadeus Capital Partners is a global technology investor. Since 1997, the firm has backed more than 130 companies and raised over $1bn for investment. With vast experience and a great network, Amadeus Capital’s team of investors and entrepreneurs share a passion for the transformative power of technology. We invest in consumer services, financial technology, artificial intelligence, cyber security, medical technology, digital health and digital media. Pioneering businesses we’ve backed include gene-sequencing innovator Solexa, cyber security vendor ForeScout, eye-tracking specialist Tobii, Optos, producer of advanced retinal imaging, and Kreditech, provider of financial products to the ‘underbanked’. About Creditas Creditas is a secured lending platform, operating with a mission of reducing the Brazilian consumer debt burden and significantly reducing interest rates. Based in Sao Paulo, Brazil, Creditas has a staff of 365 and employs technology and data-driven intelligence to generate efficiency and reinvent the borrower’s experience. The company operates across the secured lending value chain, including customer acquisition, credit origination, pricing, documentation, and servicing, keeping the relationship with customers through their full journey. The company has two credit investment funds that provide liquidity from investors to fund the loans to its customers. Creditas is backed by venture capital funds and institutional investors, including Redpoint eVentures, Kaszek Ventures, Quona Capital, QED Investors, International Finance Corporation (“IFC” from the World Bank), Naspers Fintech and Vostok Emerging Finance. Media contacts Santander +34 91 2895211 comunicacion@gruposantander.com Amadeus Capital Sam Barton +44 (0)7380 961549 amadeus-advisors@amadeuscapital.com Creditas imprensa@creditas.com.br Creditas - Ideal H+K Strategies Fernanda Triches - fernanda.triches@idealhks.com Raoni Costa - raoni.costa@idealhks.com +55 11 4873 7900