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Saudi Arabia, Consumer
Creditas is an online secured lending platform in Brazil. Built to restructure Brazilians’ debt with lower interest rates and higher maturity, Creditas uses innovative analytics and borrowers’ assets to offer loans charging one-fourth to one-half of what banks and unsecured Brazilian lenders do. It funds loans using capital from institutional investors or through partnerships with traditional financial institutions using houses and automobiles as collateral. The only digital platform for secured loans in the country, the 5-year-old company has originated a little over USD $100M in collateralized loans, with a default rate of less than 1%.
Founder and CEO Sergio Furio was selected as an Endeavor Entrepreneur at ISP 76 in Miami in December 2017.
MIAMI – December 14, 2017 – Endeavor selected 36 entrepreneurs leading 22 companies from 13 countries at the …
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