Simpson Thacher represented Creditas Financial Solutions, Ltd. in its $231 million Series D funding round, which is primarily being led by SoftBank Vision Fund and SoftBank Group Corp.
The stake of the latter in Creditas is expected to be transferred to SoftBank’s newly created SoftBank Latin America Fund. Vostok Emerging Finance, Santander InnoVentures and Amadeus Capital, which are already current investors in Creditas, are also participating in the round. The round values Creditas at $750 million.
Creditas is a financial technology company that operates a digital platform offering secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles, as collateral to offer loans.
The Simpson Thacher team includes Naveed Anwar (Picture) and Atif Azher (M&A); David Rubinsky and Erin Murphy (ECEB); Katharine Moir and Brian Mendick (Tax); and Marcela Robledo (IP).
Involved fees earner: Naveed Anwar – Simpson Thacher & Bartlett; Atif Azher – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Creditas Financial Solutions, Ltd;