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Brazilian secured lending platform Creditas is set to expand its offering, buying a banking license and a mortgage marketplace.
The firm is acquiring the Brazilian banking license of Andorra's Banco Andbank, enabling it to accept deposits.
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"With the acquisition of its banking operation, we will be able to continue our fast growth with deposits as an additional source of funding."
https://www.finextra.com/newsarticle/40616/brazils-creditas-buys-banking-licence
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