- Creditas revenues surpassed BRL 257 million in 2021’s Q3;
- Contribution margin (discounting funding costs, servicing costs, credit provisions and taxes) increased to 55.2% due to “strong credit performance and slightly lower portfolio leverage”.
The Brazilian unicorn Creditas disclosed its financial results for the third quarter of 2021 this Friday. The company reported BRL 257.1 million in revenues for the quarter, representing a 51% increase compared to Q2-21 and a 233% increase compared to Q3-20.
The fintech also informs that new origination, now including loan origination and insurance premiums, represented BRL 937.7 milion (313% increase vs. Q3-20 and 53% when compared to Q2-21). Creditas‘ portfolio under management has also grown to BRL 2,920.8 billion.
“Our strong momentum is the result of significant technology developments that are allowing us to grow faster as well as a successful implementation of our ecosystem strategy that is increasing customer recurrence in our platform” explains Creditas.
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“All three ecosystems (auto, home and employee benefits) performed at record levels as we continue delivering high growth and stable margins”, said Creditas.

Contribution margin (discounting funding costs, servicing costs, credit provisions and taxes) increased to 55.2% mainly due to strong credit performance and slightly lower portfolio leverage. In Q3-21 the fintech had a net loss of -BRL 81.2 millions, representing 32% of revenues compared to 59% in Q3-20. “We continue gaining scale to cover the cost of developing our technology and growing our portfolio”, said Creditas.
This quarter, the company consolidated two of its strategic transactions: the acquisition of Minuto Seguros, the largest digital insurance broker in Brazil, and the acquisition of Volanty, a pioneer in the Brazilian used cars market. The consolidation of both entities increased revenues of the quarter by BRL 15mn (6% of Creditas total revenues ex-acquisitions).