Creditas, re-branded from BankFacil, is focused on addressing the gap in the availability of secured loans in Brazil.  Brazilian consumers pay extraordinarily high rates for unsecured consumer loans, and access to low interest, long term secured loans for lower income segments is restricted, in large part because Brazilian banks have notoriously low productivity and high costs.  Creditas addresses this problem with a highly efficient state-of-the-art platform for secured loan origination and processing, with an initial focus on home equity, car equity and used car loans.  The company partners with existing financial institutions, allowing them to lend to clients that they cannot profitably serve on their own.

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