Click Cash agrees new R$50 million FIDC with CDP Capital
Altimapa Capital led the R$50 million (US$10 million) FIDC securitisation facility for Click Cash, a new-generation alternative lender targeting Latin American markets, and CDP Capital, a multi-family office based in Fortaleza, Brazil.
The transaction allows Click Cash to grow their loan portfolio, expanding their Brazilian operation and moving into new markets in Latin America. Altimapa Capital advised Click Cash throughout the process.
Pedro Tavares, Founder and CEO of Altimapa, said “The transaction with Click Cash and CDP demonstrates our ability to leverage Altimapa’s global network. We are also very pleased to be collaborating yet again with the team at Click Cash and we look forward to continuing working with the company and with CDP to expand the FIDC programme in the months to come.”
Ovidiu Popescu, Chief Operating Officer at Click Cash, said “We are very happy to have completed this transaction, which marks a new milestone in establishing Click Cash in the Brazilian market. Altimapa worked closely with us to smooth the process and complete the deal with our new local partner, CDP Capital. The newly established FIDC is the ideal platform to accelerate our growth and initiate an expansion beyond Brazil.”
Delano Macêdo, Managing Director at CDP Capital, said “The partnership with Click Cash in Brazil is in line with the company’s mission of democratising credit through technology. It also allows CDP to develop its presence in consumer credit, using Click Cash’s know-how and experience.”
About Click Cash:
Founded by a team of professionals with a long-term track-record in consumer finance, Click Cash is a new generation alternative lender, specialising in originating consumer loans through digital channels. The primary market for the company is Brazil, with the potential to expand to other Latin American markets. Credit underwriting technology allows Click Cash to make credit decisions within minutes, facilitating speedy origination.
For more information, please visit: https://www.clickcash.com.br.
About CDP Capital:
CDP is a multi-family office based in Fortaleza, Brazil with an extensive track-record in structuring and arranging investments for the country’s regulated financial markets. CDP actively encourages financial innovation and the expansion of the fintech sector in Brazil, with a focus on democratizing and de-bureaucratizing access to finance.
For more information, please visit http://cdpcapital.com.br/.
About Altimapa Capital:
Altimapa Capital connects mid-market companies and SMEs with the debt finance market, focussing on raising capital for clients for a range of purposes such as growth, working capital, refinancing, acquisitions, MBOs and others. The team at Altimapa has an extensive track-record in finance, banking and deal making. We are authorised and regulated by the UK Financial Conduct Authority.
For more information, please visit: www.altimapa.com or follow us on Twitter at @Altimapa or LinkedIn at Altimapa Capital.