Business

Brazilian fintech Creditas' loan portfolio reaches BRL 1 billion

The company's growth was not compromised by the COVID-19 crisis

Creditas headquarter in São Paulo
Creditas headquarter in São Paulo. Photo: Creditas
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  • Creditas reported that the number of employees remained stable;
  • It more than doubled its growth in one year.

The Brazilian fintech Creditas, specialized in secured loans, announced the balance sheet results for the last 12 months. The startup reached BRL 1 billion in customer portfolio in July and a revenue of BRL 260 million. It represents a growth of 2.2 times, if compared to the previous year, despite the reduction in the growth rate in Q2 because of the COVID-19 pandemic.

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Issuances in the capital market totaled BRL 438 million in the first half of 2020 and BRL 400 million is expected in the third quarter alone. Also, Creditas reported that the number of employees remained stable even amid the pandemic, with 1,600 people, and it has doubled if compared to 2019.

In early March, due to the pandemic, we preferred to be cautious, as we did not know how the market would react to the situation. Although our pace has slowed, we continue to grow and the numbers prove it. In July, we returned to the accelerated growth we had and our plans to triple in size in the next 12 months are more active than ever.

Sergio Furio, CEO of Creditas

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