DealMakers

DealMakers


Sergio Furio On Building A $1.7 Billion Business By Empowering Brazilians To Take Control Of Their Lending Needs

February 21, 2021

Sergio Furio made the leap from corporate job to fintech founder. Having raised around $600M in capital, his startup was recently valued at $1.7B. His company, Creditas has recently raised funding from top-tier investors like Sunley House Capital Management, e.ventures, SoftBank Vision Fund, and Wellington Management, among others. In this episode, you will learn: * The difference in raising money in the USA versus Latin America * His top advice before starting a company, that could save you years * Why you can’t rely on your talent, and must become a people person, or hire great people-people if you want to survive Alejandro Cremades · EP 301 Sergio Furio On Buiding A $1.7B Business By Empowering Brazilians SUBSCRIBE ON: For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400 million (see it here). Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below. About Sergio Furio: Sergio Furio is the Founder & CEO of Creditas, the leading secured lending platform in Brazil. With more than US$600 million in VC funding and 400 employees, the company is one of the top funded technology companies in Latin America. By using consumers’ properties (houses and cars) as a collateral and reinventing the secured lending origination process, Creditas cuts the high interest rates that Brazilians pay for traditional consumer lending. Before founding Creditas in 2012, Sergio was a strategy consultant at The Boston Consulting Group in New York and Madrid, and an investment banker at Deutsche Bank. Connect with Sergio Furio: * Crunchbase * LinkedIn * Twitter * Facebook * * * FULL TRANSCRIPTION OF THE INTERVIEW: Alejandro: Hello everyone,