About Creditoo
Creditoo is a Technology company based in Sao Paulo (Brazil) founded in 2016, and was acquired by Creditas in August 2019. Payroll loans are provided via an online marketplace for employees. It operates in the Technology and Financial Services sectors. Creditoo has raised $1.2 million across 1 funding round from investors including Creditas, Canary Capital and Global Founders Capital. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include SalaryFits, Trovato Lending and Consignados Online; 1 of its 3 listed competitors has raised funding.
Company details
Creditoo was founded in 2016 in Sao Paulo, Brazil, within the fintech sector. An online marketplace is operated for payday loans, focusing on payroll advances for employees of private companies holding formal contracts. Monthly installments are calculated based on a portion of the employees salary and deducted directly from payroll. Services are targeted at Brazilian users seeking short-term financial solutions.
- Headquarters Sao Paulo, Brazil
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website creditoo.com.br
- Social LinkedIn Facebook
- Acquired by Creditas (Aug 2019)
Funding Insights of Creditoo
Creditoo has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.2M
- Total Rounds 1
- Last Round Seed — $1.2M
- First Round $1.2M
(Dec 2018)
- Investors Count 2
All 1 funding rounds of Creditoo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $1.2M | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Creditoo
Creditoo has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Creditas, Canary Capital and Global Founders Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
| canarycapital.com.au | ||||
Asset-backed consumer loans are provided through an online platform. | 2012 | creditas.com | Itaim Bibi, Brazil |
Investor details for Creditoo
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Timeline of Creditoo
3 dated milestones of Creditoo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Creditoo is founded.
- Funding First funding round of $1.2M.
- Exit Acquired by Creditas.
Competitors of Creditoo
Creditoo has 3 listed competitors in our database, 1 of them funded. They include SalaryFits, Trovato Lending and Consignados Online.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| salaryfits.com.br | 2015 | Nova Lima, Brazil | $6.4M | Developer of a platform that facilitates employer loans | ||
| trovatolending.com.br | 2019 | Santa Efigenia, Brazil | Operates a digital platform for salary-linked loans. | |||
| consignados-online.com | 2016 | Porto Alegre, Brazil | Offers a versatile platform for payroll-deductible loans tailored to public employees. |
Detailed competitors of Creditoo
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Related news about Creditoo
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Frequently Asked Questions about Creditoo
Creditoo was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Creditoo is headquartered in Sao Paulo, Brazil.
Creditoo is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Dec 2018.
Creditoo was founded in 2016 in Sao Paulo, Brazil, within the fintech sector. An online marketplace is operated for payday loans, focusing on payroll advances for employees of private companies holding formal contracts. Monthly installments are calculated based on a portion of the employees salary and deducted directly from payroll. Services are targeted at Brazilian users seeking short-term financial solutions.
Creditoo's top competitors include SalaryFits, Trovato Lending and Consignados Online.
Creditoo has 3 investors. Key investors include Creditas, Canary Capital, and Global Founders Capital.
Yes. Creditoo was acquired by Creditas in August 2019.