RIO DE JANEIRO, BRAZIL - Creditas has decided to venture heavily outside its financial products business by injecting R$95 million into Brazilian electric motorcycle manufacturer Voltz, the largest investment ever made by the fintech founded in 2012.
The investment turns Creditas, which focuses on an ecosystem based on "home, vehicle and salary" into a significant, albeit non-majority, Voltz shareholder.
The investment contributes with capital for the startup from Pernambuco to open a plant in Manaus in November, increase its number of stores and develop the embryo of a battery recharging network with the Ultrapar group, owner of Ipiranga gas . . .