RIO DE JANEIRO, BRAZIL - Three months after raising US$525 million, Brazilian real estate unicorn Loft announced the purchase of 100% of Curitiba-based fintech CredPago, a leader in rentals without collateral in Brazil. Loft now owns 100% of the fintech's operations. In exchange, founders and shareholders received Loft shares and cash.
The billion-dollar transaction, considered a business amalgamation by the parties involved, was performed through an exchange . . .
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