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Smart Compass raises $17M in debt to acquire distressed assets from credit unions
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Smart Compass raises $17M in debt to acquire distressed assets from credit unions
Brazilian credit recovery startup Smart Compass raised $17M from two private investors, with advisory support from Itajubá Investimentos. Smart Compass specializes in acquiring and managing non-performing loans, focusing on portfolios from credit unions, mid-sized banks, and investment funds. Smart Compass will use the funds to acquire up to $250M in face-value distressed credit portfolios by the end of 2025, focusing on deal sizes between $350K…
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