Nubank and Creditas announced today a partnership that will bring Creditas products to Nubank customers in Brazil. Also announced today, Nubank will make an investment to expand Creditas' capacity to offer credit in Brazil.
In addition, the agreement allows Nubank to, during the next two years, become a minority shareholder of Creditas, with up to 7.7% of the company's shares.
“We are very excited to be partnering with Nubank, a company we have followed closely over the years and whom we admire for its technical and human approach to financial services. We will now get to work to provide an amazing experience for Nubank customers, whether it's providing loans, allowing customers to change their cars or renovating their home. Opportunities are limitless for consumers seeking a complete and modern digital offer”, comments Sergio Furio, founder and CEO of Creditas.
"Creditas is a great company with strong potential. We have seen first hand how the positive impact that access to credit has on people's lives. By working with Creditas, we can extend that further. Creditas has transformed the secured lending industry and benefited thousands of customers in Latin America," said David Vélez, CEO of Nubank.
The partnership reinforces Creditas’ strategy to democratize access to quality loans in partnership with the largest companies in the sector and strengths Nubank's service offering. By the end of the year, Creditas' product and service offerings will be available to all Nubank customers. Nubank has increasingly diversified its product portfolio, which includes investments, personal loan, card, checking account and corporate account, and, since [month], has included the offer of partner products in its application, with international transfers Online Shipping.
"At Nubank, we create solutions and products always thinking about our customers. With this partnership with Creditas, we seek to maintain the quality level of the customer experience", concludes Vélez.