If you can win in Africa, Watu Credit thinks you can in Latin America
The company’s expansion into Brazil—its second Latin American market after Mexico—is part of an aggressive growth plan targeting $340 million in revenue for 2025. This goal follows a year of explosive growth in 2024, where revenue surged 67% to $230 million. However, net profit plunged 85% as the company opted to fund its global expansion from its own balance sheet rather than seek venture capital.
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If you can win in Africa, Watu Credit thinks you can in Latin America
The company’s expansion into Brazil—its second Latin American market after Mexico—is part of an aggressive growth plan targeting $340 million in revenue for 2025. This goal follows a year of explosive growth in 2024, where revenue surged 67% to $230 million. However, net profit plunged 85% as the company opted to fund its global expansion from its own balance sheet rather than seek venture capital.