Geru’s Merger with Rebel

Nelson Mullin acted for the major investor shareholders of Geru in connection with its merger with Rebel, both Brazilian online credit FinTechs.

The merger created Open Co., the largest unsecured credit FinTech in Brazil that now controls an estimated 50% of the FinTech credit market in Brazil. Open Co. will have R$800 million available in credit lines and has originated R$1.5 billion in loans. The merger was shortly followed by a R$150 million equity investment co-led by the IFC and Goldman Sachs.

Nelson Mullin assisted Chromo Invest, Sampa Ventures, and Latam Investimenti with a team led by Miami partner Jackson Hwu (Picture). 

Involved fees earner: Jackson Hwu – Nelson Mullins Riley & Scarborough LLP;

Law Firms: Nelson Mullins Riley & Scarborough LLP;

Clients: Chromo Ventures; Latam Investimenti; Sampa Ventures;

Author: Martina Bellini