Brazilian startup Creditas extends $260 mn funding round to buy bank

Brazilian fintech startup Creditas has announced a $50 million extension to its $260 million Series F financing round. As per a press release, the extension is helping the firm in buying the Brazilian banking license of Andorra-based Andbank, which will participate in the round. The license deal, reportedly worth $100 million, is yet to get approved by Brazil's central bank.