mergers & acquisitions
We are pleased to announce that Cresco acted as legal counsel to Credix in its recently closed strategic financing round of approximately $90 million in combined debt and equity. The round was led by Patria Investments and joined by several other investors and/or debt providers including Valor Capital Group, Polígono Capital, ParaFi Capital and Prisma Capital.
Credix, a fintech enabling embedded B2B credit solutions in Brazil, will utilize the funding to scale its AI-driven underwriting platform, expand partnerships with large manufacturers, distributors and e-commerce platforms, and increase the offering of working capital to small and medium-sized enterprises .
We congratulate Credix, its management team and all financing participants on this milestone and are proud to have supported them.
Special thanks to Thomas Bohner and Maxim Piessen for their continued trust in Cresco and the pleasant collaboration.
The Cresco team coordinating this transaction consisted of Glenn L’hoëst and Rutger Duden.
For any further inquiries on this deal, please contact Glenn L’hoëst.
Read more on this transaction in the Bloomberg Article.
