Net Asset Value (NAV) Growth
NAV reached nearly $406 million, up 8.3% quarter-on-quarter and nearly 15% year-to-date, driven by supportive market trends and a strong portfolio performance.
Creditas Growth and Funding
Creditas experienced a U-shaped growth trajectory with loan growth increasing from 11% in Q1 to 14% in Q3. It also successfully closed a $50 million senior bond and announced a planned equity round of at least $100 million at a $3.3 billion valuation.
Konfio Valuation Uplift
Konfio's valuation increased by 39% quarter-on-quarter due to a 30% year-on-year growth in its loan portfolio, favorable market comparables, and a 7% appreciation of the peso.
Positive Market Sentiment in Fintech
Strong capital inflows into fintech markets, with significant fundraising activities and improving IPO markets, indicate a healthy ecosystem.
Improved Cash and Balance Sheet Position
The company ended the quarter with $17.6 million in cash and reduced its debt position to just over 5% of NAV, enhancing financial stability.