ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

SoftBank leads $231m funding round for Brazilian fintech lender

Tech investor looks to cash in on Latin America's consumer finance market

The SoftBank Group is betting that Brazil's now inefficient credit market will provide growth opportunities.   © Reuters

NEW YORK -- Japan's SoftBank Group has led a $231 million funding round for Brazil's Creditas, the fintech lender announced on Wednesday.

The SoftBank Vision Fund and existing Creditas shareholders joined the round. The SoftBank stakes will be held by the Latin America-focused SoftBank Latin America Fund.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more