What is Creditas? Creditas Review, Features

Creditas is a Brazilian mortgage service provider that provides customers with mortgage services at lower interest rates through big data intelligence and other technological means. Loan applicants can choose to use private residences or motor vehicles as loan collateral.

About Creditas

Founded in 2012, Creditas, formerly known as Bankfacil, is headquartered in Sao Paulo, Brazil. It is a digital platform that provides secured consumer loans and low interest rates. It uses a credit scoring system and borrowers' assets (such as homes and cars) as collateral to provide loans.

Creditas is a digital lending platform that focuses on secured loans. It solves the problem of high borrowing costs in Brazil by leveraging data and technical support. The company mainly provides secured loan issuance and processing services to customers through big data intelligence and other technological methods. Loan applicants can choose to use private residences, wages or motor vehicles as loan collateral. In addition, by cooperating with investors and financial institutions, Creditas can quickly provide loans to its customers, improving the operational efficiency of the entire industry with a win-win cooperation model.

Creditas's founding background

Creditas founder and CEO is Spanish Sergio Furio, who started his career in banking and consulting companies, focusing on the digital transformation of financial services, first working at European investment bank Deutsche Bank. He later moved to New York and worked at Boston Consulting Group, specializing in advising leading banks to improve their growth strategies and customer experience.

During a dinner with his Brazilian partner Silvia (later his wife), she commented on the high interest rates on loans in Brazil. Furio was surprised and saw an opportunity, and with his professional experience, he brought an innovative model to Brazil: a low-interest loan platform, BankFacil, which was later renamed Creditas.

Company Business

Creditas has three main businesses. In addition to the most basic loan business, it also provides house and car rental and sales, financing and human resources services.