In 2016, the company essentially took the bank out of the equation and built its own platform so that instead of the banks, Creditas was the entity securing funds for loans. Then in 2019, the company evolved into more of an ecosystem around its customers. The company also has a tech hub in Spain (Furio’s home country), where about 20% of the company’s tech team is based. The company also plans to continue investing in acquisitions. As to timing of going public, Furio said the company is “continuously monitoring the market to see when it’s due time for that.” Creditas is one of those rare and refreshing startups that gives us a glimpse into their financials. QED Managing Partner Bill Cilluffo notes that his firm first invested in Creditas at the time of its Series A in 2015. “By broadening its strategy away from being purely a finance company, Creditas can now leverage a number of end-to-end solutions from insurance to car sales to support more customers than ever before,” he said.“Creditas is one of those special fintech assets given its ability to marry hyper-growth with high revenue economics into an ever-growing TAM.