CreditCorp
Online platform for business invoice and receivables financing.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
CreditCorp is a financial technology company based in Sao Paulo, Brazil, that offers an online platform for invoice financing. Founded in 2017, the company provides a solution for businesses, particularly small and medium-sized enterprises, to anticipate receivables and manage their cash flow.
The company was established to address the high demand for credit from businesses that faced bureaucratic hurdles and exorbitant rates from traditional large banks. CreditCorp's platform allows suppliers of large, selected partner companies (sacados) to register and discount their invoices. The process is designed to be fast and digital, with credit approval communicated within 48 hours via electronic channels and funds disbursed within 24 hours of approval.
CreditCorp operates as a direct end-to-end solution, not as a bank intermediary. It utilizes its own proprietary technology and funds from institutional investors, such as investment funds and family offices, which are allocated to a Credit Rights Investment Fund (FIDC). This model allows the company to offer competitive rates and a streamlined process without requiring the sale of other financial products like insurance or consortiums. In March 2022, CreditCorp secured an undisclosed amount in a Seed funding round involving investors Startupi and Stratus.
Keywords: invoice financing, receivables anticipation, B2B credit, fintech, supply chain finance, cash flow management, working capital solutions, Brazilian fintech, FIDC, digital lending, accounts receivable financing, credit platform, SME financing, trade finance, corporate credit, securitization, debt structuring
