Creditas’s Acquisition of Creditoo

Dias Carneiro, Simpson Thacher & Bartlett, Wilson Sonsini Goodrich & Rosati and Veirano advised on the deal

Brazilian fintech Creditas has completed the acquisition of Creditoo, a private payroll loans startup. With the new offer, Creditas will also be able to serve a new type of client, who seeks lower values of credit. Creditoo already has about 1,000 partner companies. Creditas wants to multiply this number by ten.

Creditas Solucoes Financeiras Ltda. operates as a financial digital platform. The Company offers a platform which provides secured consumer loans. Creditas Solucoes Financeiras uses credit scoring systems and borrowers’ assets such as home and automobile as collateral to offer loans. Creditas Solucoes Financeiras serves customers in Brazil.

Dias Carneiro advised Creditas with Eduardo Zilberberg (Picture), Vivian Tito Rudge and Beatriz Rezende Peroni Angelo.

Simpson Thacher & Bartlett advised Creditas with Naveed Anwar and Erin Murphy.

Wilson Sonsini Goodrich & Rosati advised Creditoo with Craig Sherman, Matthew L. Squires and Drake Glesmann.

In Brazil, Veirano advised Creditoo with Guilherme Potenza, Alexandre Camargo Turqueto and Paula Bobrow.

Involved fees earner: Beatriz Rezende Peroni Angelo – Dias Carneiro Advogados; Vivian Tito Rudge – Dias Carneiro Advogados; Eduardo Zilberberg – Dias Carneiro Advogados; Naveed Anwar – Simpson Thacher & Bartlett; Erin Murphy – Simpson Thacher & Bartlett; Paula Bobrow – Veirano Advogados; Alexandre Camargo Turqueto – Veirano Advogados; Guilherme Potenza – Veirano Advogados; Drake Glesmann – Wilson Sonsini Goodrich & Rosati; Craig Sherman – Wilson Sonsini Goodrich & Rosati; Matthew Squires – Wilson Sonsini Goodrich & Rosati;

Law Firms: Dias Carneiro Advogados; Simpson Thacher & Bartlett; Veirano Advogados; Wilson Sonsini Goodrich & Rosati;

Clients: Creditas Financial Solutions, Ltd; Creditoo;

Author: Ambrogio Visconti.