Creditas channels Demarest to launch Apple smartphone financing platform

Brazilian law firm Demarest Advogados has helped local fintech company Creditas enter into a partnership with Apple to establish an online platform providing financing for consumers to acquire Apple devices.

Creditas’ online platform was launched on 5 February on the Apple Store, through which Creditas will offer consumers used Apple smartphones, with the cost being withdrawn on a monthly basis from
buyers’ salaries.



Creditas received a capital boost last year, obtaining more than $200 million in financing from Japanese technology fund SoftBank. Other investors that have backed Creditas in the past include Vostok Emerging Finance, Santander InnoVentures and Amadeus Capital. 



Demarest’s team was led by partner Fabio Almeida Braga (pictured), with associates Cleber Cilli David and Jessica Ueno