- 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.
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.