General Atlantic In Talks On A Deal With Brazil’s Online Lender Geru

4/9/18

U.S. investment firm General Atlantic is in talks to buy a minority stake in closely held Brazilian online lending startup Geru Tecnologia e Serviços SA, according to two sources with knowledge of the matter.

Other investors may join General Atlantic, the sources said, adding that Geru’s partners have spent the last few weeks visiting funds in San Francisco and New York to raise about $50 million.

Former General Atlantic advisor for Brazil Marcelo Kayath, now a partner at Geru, is leading the consumer lender’s efforts to find fresh funds.

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