Creditas Secures $108 Million Series G Led by Andbank at $3.3 Billion Valuation

"Simpson Thacher represented Creditas Financial Solutions, Ltd. in the initial closing of a $108 million Series G funding round led by Andbank that values Creditas at $3.3 billion. Creditas operates a digital lending platform providing secured consumer loans that rely on credit scoring and collateral such as homes and cars."

Simpson Thacher represented Creditas Financial Solutions, Ltd. in the initial closing of its $108 million Series G funding round led by Andbank. The transaction comprises an initial closing of a $108 million Series G financing led by Andbank and values Creditas at $3.3 billion. Creditas operates a digital lending platform that provides secured consumer loans. The company relies on credit scoring and borrowers’ assets, such as homes and cars, as collateral. Simpson Thacher represented client(s) Creditas Financial Solutions, Ltd. with a team composed by: Naveed Anwar, Shaneel Parikh, Marina Hernandez, Nick Redfield and Claire Fitzgibbons (M&A); William Brentani and Karen Reyes (Capital Markets); and Harry Hudesman and Guanxiong Xu (Executive Compensation and Employee Benefits).

Creditas Secures $108 Million Series G Led by Andbank at $3.3 Billion Valuation

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