Creditas company profile: valuation, funding & revenue

This Creditas company profile covers the company's valuation, revenue, funding rounds, investors and history. Creditas works in fintech, with a focus on secured consumer lending. It was founded in 2012 and is headquartered in São Paulo, Brazil. Its latest valuation on record is US$3.3 billion (December 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Creditas timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2012 — Creditas is founded in São Paulo by Sergio Furio (CEO).
• 2022 — Series F: See source, valuing the company at US$4.5B.
• Dec 2025 — Series G: US$108M, valuing the company at US$3.3B. Investors: Andbank (lead).
• December 2025 — Bank acquisition: Completed acquisition of Andbank Brasil alongside the Series G.

Investors

Overview

Creditas is a Brazilian fintech that offers loans secured against assets: home equity loans backed by property, auto loans and auto-equity loans backed by vehicles, and payroll-deducted loans for employees. Because the loans are secured or repaid directly from salaries, Creditas can offer much lower interest rates than unsecured credit, which in Brazil is famously expensive. It also sells insurance and runs a marketplace for buying cars, and operates in Mexico as well as Brazil.

Sergio Furio, a Spanish entrepreneur who previously worked in consulting and finance, founded Creditas in São Paulo in 2012 and is its CEO. It grew into one of Brazil's best-known fintechs, backed by international investors including SoftBank.

Why secured lending matters in Brazil

Brazilian consumers have long faced some of the highest borrowing costs in the world, with interest rates on credit cards and overdrafts often exceeding 100% a year. Meanwhile, secured lending, where borrowers pledge a home or car as collateral, was relatively underdeveloped compared with many other countries. Creditas built its business on closing that gap: using collateral and technology to assess risk, it can lend at much lower rates, saving borrowers money and giving Creditas a lower-risk loan book.

Products

• Home equity loans: larger, longer-term loans secured against a borrower's property.
• Auto equity and auto finance: loans secured against vehicles, and financing for car purchases.
• Payroll loans: loans repaid directly from salaries through employer partnerships, with low default rates.
• Insurance and benefits: insurance products and employee benefits packages.

Funding and the bank acquisition

Creditas raised more than US$900 million in equity over the years from investors including SoftBank, Kaszek, Tarsadia, Vulcan Capital and the IFC. Its 2022 Series F valued it at about US$4.5 billion. In December 2025 it raised a US$108 million Series G led by Andbank at a valuation of US$3.3 billion, below the previous round, and completed its acquisition of Andbank Brasil. Owning a bank gives Creditas access to deposits and cheaper funding, lowering its cost of capital and making its finances more resilient as it moves towards profitability. Our guide to down rounds explains how lower valuations affect earlier investors.

Revenue and profitability

Creditas has reported quarterly revenue in the hundreds of millions of reais, and listing-related documents filed in Europe give additional figures. We haven't been able to reconcile those numbers into a single reliable annual figure, so we show revenue as not disclosed. The company has said it is focused on reaching consistent profitability, helped by lower funding costs from its bank.

Competition

Creditas competes with Brazil's large banks, which dominate lending, with digital banks such as Nubank and Inter that offer personal and secured loans, and with specialist lenders. Its advantages are its focus on secured products, technology for valuing collateral and assessing risk, and now a bank licence and deposit base.

Creditas at a glance

Creditas is a São Paulo fintech founded in 2012 by Sergio Furio that offers home equity, auto and payroll loans in Brazil and Mexico. It was valued at about US$4.5 billion in its 2022 Series F and US$3.3 billion in a US$108 million Series G led by Andbank in December 2025, when it completed its acquisition of Andbank Brasil.

The funding cost advantage of owning a bank

Lending fintechs that don't hold deposits fund their loans by selling them to investors, borrowing from banks or issuing securities. Those sources are more expensive and can dry up when markets are stressed, as many fintechs discovered in 2022. A bank can fund loans with customer deposits, which are usually cheaper and more stable. That's why several large fintechs have pursued bank licences or acquired banks, as Mercury has done in the US and Creditas has done in Brazil. The trade-off is heavier regulation and capital requirements.

Risks

• Credit cycles: economic downturns raise defaults, even on secured loans.
• Interest rates: Brazil's benchmark rate has been high, affecting funding costs and demand.
• Collateral values: falling property or car prices reduce the protection collateral offers.
• Integration: absorbing a bank brings operational and regulatory challenges.

Questions for borrowers

• What is the total annual cost, including fees and insurance?
• What happens to the collateral if repayments are missed?
• How does the rate compare with unsecured options from your bank?

How Creditas assesses collateral

Secured lending only works if the lender values collateral accurately and can take it quickly if a borrower defaults. Creditas built technology to estimate property and vehicle values from data, verify ownership and registration documents, and manage the legal processes for registering liens. Brazil's property registries and legal procedures can be slow and complex, so automating as much of the process as possible was essential to offering loans quickly at scale. For auto loans, it uses vehicle data and pricing tables to set loan amounts as a share of the car's value, leaving a buffer in case prices fall.

Underwriting also considers the borrower's income and repayment capacity, not just the collateral. Lending too much against a home or car, even with security, can lead to painful repossessions and losses, so Creditas sets conservative loan-to-value limits. The quality of this underwriting is what investors scrutinise most closely when assessing secured lenders.

Mexico and beyond

Creditas expanded into Mexico, where consumer credit is also expensive and secured lending is underdeveloped. The Mexican business has followed a similar playbook, starting with auto-backed loans. International expansion increases the potential market but adds regulatory and operational complexity, and many Brazilian fintechs have found it harder to replicate home-market success abroad. Differences in property registries, consumer protection rules and funding markets mean each country needs its own approach to underwriting and collections, and building trust with borrowers in a new market takes several years of patient and very careful work.

Latest developments (October 2026)

Creditas reported record results in 2026 as it moved toward profitability. In the first quarter it originated about R$1.1 billion of loans and reached a 40% gross margin, the bottom of its long-targeted range, and it said it expects to break even during 2026, according to Startups. Second-quarter reporting described further growth in originations and lower losses, helped by AI in underwriting. Its December 2025 valuation of about US$3.3 billion remains the latest figure.

What to watch

Watch the integration of Andbank Brasil, deposit growth, profitability, credit quality and any public listing plans.

Takeaways

Brazilian borrowers can access cheaper credit by using assets as collateral. Fintech founders can see why funding costs drive lenders towards bank ownership. Investors should note how valuations have reset since 2022 for Latin American lending fintechs, as with Kavak.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. LatamList