Online lender Creditas has raised $200m from SoftBank at a reported $700m post-money valuation, adding to about $84m previously procured from backers including Naspers.

Brazil-based consumer loan provider Creditas has collected $200m in funding from internet and telecommunications conglomerate SoftBank at a $700m post-money valuation, Brazil Journal reported yesterday. Founded in 2012 as BankFacil, Creditas operates an online lending platform that provides securedĀ  personal loans sized between R$5,000 and R$2m ($1,250 to $500,000). It has issued more than $125m…

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