Creditas's hybrid financing model allows it to originate loans using the borrower's home or automobile as collateral. It funds loans using capital from investors or through partnerships with other, traditional financial institutions. The latest round of investment in Creditas, which was founded by Spanish-born entrepreneur Sergio Furió, comes about two months after Redpoint and other firms pumped $80 million into credit card fintech Nubank, whose platform charges a fraction of the 400 percent-plus average interest rate that card loans bear in Brazil.

http://www.usnews.com/news/technology/articles/2017-02-21/brazils-creditas-gets-19-million-amid-boom-in-local-fintech-financing