Nubank partners with lending fintech Creditas

Brazilian financial startup Nubank has formed a partnership with SoftBank-backed lending fintech Creditas to offer loans to its clients, according to a joint statement on Monday.

Nubank said it may become a minority shareholder in Creditas with up to a 7.7% stake in the fintech in the next two years. The companies did not disclose the deal value.

Read more: Reuters