OLX Invests in CredAluga
Gunderson Dettmer represented client OLX Group, the leading global online marketplace, in its U$5 million investment in CredAluga, a Brazil-based fintech specializing in the real estate market.
CredAluga uses technology, market knowledge and credit intelligence to develop financial products that simplify renting for tenants, increase security for landlords and empower real estate agencies with innovation, efficiency and profitability.
OLX, which now holds a minority stake in CredAluga, plans to accelerate the company’s growth through its three real estate portals—OLX, ZAP and VivaReal. Together, these platforms serve approximately 34,000 clients, including real estate agencies and brokerages.
In the announcement of the transaction, OLX Chief Revenue Officer Marcos Leite said, “When we combined their technology and product with our distribution and credibility, we realized we could achieve something even more strategic in the sector.”
The Gunderson deal team was led by Christel Moreno.
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