Simpson Thacher is representing Creditas Financial Solutions, Ltd. in the initial closing of its $108 million Series G funding round led by Andbank, which values Creditas at $3.3 billion.
Creditas operates a digital lending platform that provides secured consumer loans. The company relies on credit scoring and borrowers’ assets, such as homes and cars, as collateral.
The Simpson Thacher team includes Naveed Anwar, Shaneel Parikh, Marina Hernandez, Nick Redfield and Claire Fitzgibbons (M&A); William Brentani and Karen Reyes (Capital Markets); and Harry Hudesman and Guanxiong Xu (Executive Compensation and Employee Benefits).