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Fintech Pontte receives US$ 28 million investment to deliver more real estate secured loans in Brazil

August 23, 2020
Por
Aluisio Alves
Aluisio Alves
MBA in Finance and Capital Markets at FIA-USP, in Sao Paulo
📷
mauacapital.com
Credit fintech Pontte announced on Tuesday that it had obtained an investment round of 160 million reais from a global investor whose name has not been revealed.
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Founded in May 2019, Pontte specializes in real estate secured loans and real estate financing and its main investor is Mauá Capital, asset manager of Luiz Fernando Figueiredo, former director of the Central Bank.

Pontte said it will use the funds to expand the loan offer, strengthen the team and invest in technology. His goal is to lend about 400 million reais in 2020.

"The investment reinforces our capacity in the market, without taking any risk in our operation", said in a statement Pontte's president, Marcelo Lubliner.

The announcement comes at a time of effervescence in the civil construction chain, which continued to grow in the country even during the Covid-19 pandemic, partly due to the fall in basic interest rates, which reached an all-time low of 2% a year this month.

Abecip said that credit for the purchase and construction of real estate advanced 28.6% in the first half, to 43.35 billion reais. And in the wake of the recent easing of the Central Bank on secured loans, Caixa Econômica Federal announced plans to strengthen its operation in the sector.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

Founded in May 2019, Pontte specializes in real estate secured loans and real estate financing and its main investor is Mauá Capital, asset manager of Luiz Fernando Figueiredo, former director of the Central Bank.

Pontte said it will use the funds to expand the loan offer, strengthen the team and invest in technology. His goal is to lend about 400 million reais in 2020.

"The investment reinforces our capacity in the market, without taking any risk in our operation", said in a statement Pontte's president, Marcelo Lubliner.

The announcement comes at a time of effervescence in the civil construction chain, which continued to grow in the country even during the Covid-19 pandemic, partly due to the fall in basic interest rates, which reached an all-time low of 2% a year this month.

Abecip said that credit for the purchase and construction of real estate advanced 28.6% in the first half, to 43.35 billion reais. And in the wake of the recent easing of the Central Bank on secured loans, Caixa Econômica Federal announced plans to strengthen its operation in the sector.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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