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Credmei, Fintech specialising in advance receivables for SMEs, raised US$8.1M to expand its credit portfolio in Brazil

December 18, 2023
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This deal was made in Credix, a marketplace lending through DeFi, who provided the credit line to Fintehc.
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About the credit line

In mid-November, Credix, a marketplace for loans through DeFi (decentralised finance), announced a credit line of around R$300 million. The target was small and medium-sized enterprises (SMEs) in Latin America. Now, CredMei, a fintech specialising in anticipating receivables for SMEs, has just issued a R$40 million debenture with the same Credix. The operation was announced exclusively to Finsiders.

Founded in Uberlância (MG) in 2013 by Guilherme Ribeiro, CredMei's clients are small and medium-sized agribusiness, industrial and distribution companies. In the last 10 years, it has disbursed more than R$1 billion. Using a platform that combines proprietary technology and artificial intelligence (AI), integrated with the country's main digital certifiers, the startup claims to be able to carry out credit analyses and release funds in up to 5 minutes.

According to the fintech, the recent influx of capital will be used to speed up the granting of credit.

"We want to support an even greater number of entrepreneurs throughout Brazil. Our focus is on companies that need capital to keep the wheels turning. These are businesses that support the country's food industry, but which depend on long terms dictated by the big chains to receive their products and services," said Guilherme Ribeiro, CEO of CredMei, in a statement.

The structure of the operation means that funding comes from the credit pool formed on the Credix platform. Kanastra, the alternative investment back office, acts as a monitoring agent. In other words, it is responsible for ensuring that the operation complies with the risk profile agreed with the investors. In addition, for each new asset to be disbursed, CredMei sends the details of the transaction to Kanastra, which, in turn, checks eligibility, ballast validation, registration of the assignment and risk performance indicators.

Debentures in trend

Instruments such as debentures and certificates of receivables (CRs) are gaining strength as sources of financing for fintechs that operate with credit.

According to experts, the trend is that with the fall in the Selic rate, fintechs will accelerate their search for capital, with these types of funding emerging as the main means, alongside FIDCs.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

About the credit line

In mid-November, Credix, a marketplace for loans through DeFi (decentralised finance), announced a credit line of around R$300 million. The target was small and medium-sized enterprises (SMEs) in Latin America. Now, CredMei, a fintech specialising in anticipating receivables for SMEs, has just issued a R$40 million debenture with the same Credix. The operation was announced exclusively to Finsiders.

Founded in Uberlância (MG) in 2013 by Guilherme Ribeiro, CredMei's clients are small and medium-sized agribusiness, industrial and distribution companies. In the last 10 years, it has disbursed more than R$1 billion. Using a platform that combines proprietary technology and artificial intelligence (AI), integrated with the country's main digital certifiers, the startup claims to be able to carry out credit analyses and release funds in up to 5 minutes.

According to the fintech, the recent influx of capital will be used to speed up the granting of credit.

"We want to support an even greater number of entrepreneurs throughout Brazil. Our focus is on companies that need capital to keep the wheels turning. These are businesses that support the country's food industry, but which depend on long terms dictated by the big chains to receive their products and services," said Guilherme Ribeiro, CEO of CredMei, in a statement.

The structure of the operation means that funding comes from the credit pool formed on the Credix platform. Kanastra, the alternative investment back office, acts as a monitoring agent. In other words, it is responsible for ensuring that the operation complies with the risk profile agreed with the investors. In addition, for each new asset to be disbursed, CredMei sends the details of the transaction to Kanastra, which, in turn, checks eligibility, ballast validation, registration of the assignment and risk performance indicators.

Debentures in trend

Instruments such as debentures and certificates of receivables (CRs) are gaining strength as sources of financing for fintechs that operate with credit.

According to experts, the trend is that with the fall in the Selic rate, fintechs will accelerate their search for capital, with these types of funding emerging as the main means, alongside FIDCs.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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País de origen:
Headquarters:
Uberlândia, Minas Gerais
Monto inversión:
8.1
M
Ronda financiación:
Debt Financing
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