February 5, 2021
IDB Invest, the private sector division of the Inter-American Development Bank (IDB), said Thursday that it granted $30 million in financing for Brazilian financial technology firm Creditas to increase loans to small business owners during the COVID-19 pandemic.
The loan is part of an agreement between the IDB and Japan's SoftBank to offer "tech-enabled solutions" for financial inclusion in Latin America, IDB Invest said in a press release.
SoftBank is one of the equity investors in Creditas. Th
US-based multilateral lender supplies $30 mln to increase loans to small business owners in Brazil during the COVID-19 pandemic