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Creditas raises $255M Series E for Brazilian fintech
Brazil-based consumer loan startup Creditas, formerly called Bank Facil, said Friday that it has raised $255 million in a Series E round that values the company at $1.75 billion. The company said it’s considering an IPO and will start reporting quarterly financial results.
Creditas said it plans to use the new funding to further its growth in Brazil and expand operations in Mexico.
“We have been following Creditas for a long time and we believe it has the perfect combination of a high-performance team and a huge addressable market that is being poorly served by traditional financial institutions,” Marcos Wilson Pereira, managing partner of LGT Lightstone in Brazil, said in a funding statement.
Gamer chat app Discord raises $100M at $7B valuation
Founded in 2012, San Francisco-based Discord has raised $479 million in known funding to date. The latest round apparently has not closed yet, with Discord seeking a total of $140 million.
- CoachHub raises $31M: German startup CoachHub, which uses artificial intelligence to match people to business coaches, has raised 25 million euros ($31 million) in a new financing round led by Draper Esprit.
- Lyra reportedly seeking up to $175M: Mental wellness platform Lyra Health is reportedly seeking to raise up to $175 million at a $2.25 billion valuation. The company’s service makes it easier for companies to connect employees with mental health care.
- TAP Network raises $4M for rewards-as-a-service offering: TAP Network, a New York-based company focused on enterprise rewards programs, announced a $4 million pre-Series A round of financing by a group of investors that includes Revelis Capital.
- XILO banks $2.04M for insurance agent workflow: XILO, a San Diego-based insurtech SaaS platform for insurance agent quoting, announced a $2.04 million seed round led by New Stack Ventures.
Clever Leaves now public following SPAC acquisition: Cannabis multinational operator Clever Leaves Holdings announced it completed its business combination with Clever Leaves International and blank-check company, Schultze Special Purpose Acquisition Corp., in a deal valued at approximately $205 million. Shares of the New York-based company are expected to begin trading Friday under the new tickers CLVR and CLVRW on the Nasdaq Capital Market. Clever Leaves said it has received approximately $225 million of capital since forming in 2016–its most recent raise was a $14 million Series E round, according to Crunchbase data.
Illustration: Dom Guzman
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