PROJECT

Projects

Summary of Investment Information

Project Number

39165

Company Name

CREDITAS SOLUCOES FINANCEIRAS LTDA

Date SPI Disclosed

Dec 22, 2016

Country

Brazil

Region

Latin America and the Caribbean

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Apr 5, 2017

Department

TMT, Venture Capital & Funds

Industry

Financial Markets

Previous Events

Approved : Feb 13, 2017
Signed : Feb 16, 2017
Invested : Feb 23, 2017

Sector

Virtual lending, P2P, crowdfunding

Project Description

The proposed project consists in an up to US$8.5 million equity investment in the Series B equity funding round in Bankfacil (“BKF” or “the Company”), an online marketplace and lender based in Brazil that offers secured loans to individuals, funded by banks and institutional investors. The loans are originated online, processed in an efficient back office, and then sold to banks and investors. The Company offers loans secured by auto or home equity.

Associated Advisory Engagement

N.A.

Sponsor / Cost / Location

Development Impact