Creditas’ $260 Million Series F Funding Round

Simpson Thacher represented Creditas Financial Solutions on the deal while Orrick Herrington & Sutcliffe advised VEF.

Creditas Financial Solutions, announced its $260 million Series F funding round. New investors in the funding round include Fidelity Management and Research Company, Spanish fintech fund Actyus and Greentrail Capital. Previous investors including QED Investors, VEF, SoftBank Vision Fund, SoftBank Latin America Fund, Kaszek Ventures, Lightrock, Headline, Wellington Management and Advent International, via their affiliate Sunley House Capital, also participated in the round, which values Creditas at $4.8 billion.

Creditas is a financial technology company that operates a digital platform offering secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles, as collateral to offer loans.

The Simpson Thacher team includes Naveed Anwar (Picture), Jacob Gindt and Marina Hernandez (M&A); William Brentani, Grenfel Calheiros, Paulo Cardoso and Siddharth Fresa (Capital Markets); Jonathan Goldstein and Brian Mendick (Tax); David Rubinsky and Harry Hudesman (Executive Compensation and Employee Benefits); and Genevieve Dorment (Intellectual Property).

The Orrick team included Shawn Atkinson, Christopher Perry, Anoushka Gangji and Harry Wilson.

Involved fees earner: Shawn Atkinson – Orrick Herrington & Sutcliffe LLP; Anoushka Gangji – Orrick Herrington & Sutcliffe LLP; Christopher Perry – Orrick Herrington & Sutcliffe LLP; Naveed Anwar – Simpson Thacher & Bartlett; William Brentani – Simpson Thacher & Bartlett; Grenfel Calheiros – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Siddharth Fresa – Simpson Thacher & Bartlett; Jacob Gindt – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Marina Hernandez – Simpson Thacher & Bartlett; Harry Hudesman – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett;

Law Firms: Orrick Herrington & Sutcliffe LLP; Simpson Thacher & Bartlett;

Clients: Creditas Financial Solutions, Ltd; VEF Ltd;

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Author: Youness Semri