Brazilian fintech company Creditas Soluções Financeiras has used the asset-backed debt market to generate $16m to refinance auto loans, despite concerns about loan delinquencies. ($1 = 3.1030 reais) (Reporting by Guillermo Parra-Bernal; Editing by Daniel Flynn) Photograph: Bloomberg via Getty Images It is hoped, however, that the auto loan offering could fit into the gap left by mid-sized and larger lenders, which have largely left the default-stricken market.
Brazilian fintech company Creditas Soluções Financeiras has used the asset-backed debt market to generate $16m to refinance auto loans, despite concerns about loan delinquencies. Photograph: Bloomberg via Getty Images It is hoped, however, that the auto loan offering could fit into the gap left by mid-sized and larger lenders, which have largely left the default-stricken market.