Creditas’ Strategic Partnership With Nubank

Simpson Thacher advised Creditas Financial Solutions on the deal.

Creditas Financial Solutions announced its strategic partnership with certain affiliates of Nu Pagamentos S.A. – Instituição de Pagamento (“Nubank”), which will allow Brazilian customers access to Creditas products and services directly through Nubank’s application.

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 included Naveed Anwar (Picture), Jacob Gindt and Marina Hernandez (M&A). Pinheiro Neto Advogados also advised Creditas.

Involved fees earner: Naveed Anwar – Simpson Thacher & Bartlett; Jacob Gindt – Simpson Thacher & Bartlett; Marina Hernandez – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Creditas Financial Solutions, Ltd;

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Author: Alejandro Girola