Bravo secures credit facility of up to €200m from Fortress-managed funds
The debt-settlement fintech will expand its credit business and support customer debt repayments.
Bravo has secured a credit facility of up to €200m from funds managed by affiliates of Fortress Investment Group. The financing was announced on February 18 and will support growth in the company’s credit operation.
Founded in Mexico in 2009, Bravo combines debt-settlement advice with loans that help consumers repay debts at negotiated discounts. The company operates in Latin America and Europe, including Spain.
The facility gives Bravo more capacity to develop its credit products as it expands its debt-management business. It represents an agreed financing limit; the announcement did not specify the amount drawn.
Use of funds
Expand credit and debt-settlement operations