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Here’s what you need to know today in startup and venture news, updated by the SA¹ú¼Ê´«Ã½ News staff throughout the day to keep you in the know.

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Creditas raises $255M Series E for Brazilian fintech

Brazil-based consumer loan startup , formerly called Bank Facil, that it has raised $255 million in a Series E round that values the company at $1.75 billion. The company said it’s considering an IPO and will start reporting quarterly financial results.

The funding was led by with participation from , and .

Creditas said it plans to use the new funding to further its growth in Brazil and expand operations in Mexico.

“We have been following Creditas for a long time and we believe it has the perfect combination of a high-performance team and a huge addressable market that is being poorly served by traditional financial institutions,” , managing partner of LGT Lightstone in Brazil, said in a funding statement.

Gamer chat app Discord raises $100M at $7B valuation

, the chat and communications platform popular with gamers, has raised $100 million in fresh funding at a of $7 billion.

Founded in 2012, San Francisco-based Discord has raised $479 million in known funding to date. The latest round apparently has not closed yet, with Discord seeking a total of $140 million.

is leading the round, with participation from .

Funding rounds

• CoachHub raises $31M: German startup , which uses artificial intelligence to match people to business coaches, has raised 25 million euros ($31 million) in a new financing round led by .
• Lyra reportedly seeking up to $175M: Mental wellness platform is up to $175 million at a $2.25 billion valuation. The company’s service makes it easier for companies to connect employees with mental health care.
• TAP Network raises $4M for rewards-as-a-service offering: , a New York-based company focused on enterprise rewards programs, announced a $4 million pre-Series A round of financing by a group of investors that includes
• XILO banks $2.04M for insurance agent workflow: , a San Diego-based insurtech SaaS platform for insurance agent quoting, announced a $2.04 million seed round led by .

Public markets

Clever Leaves now public following SPAC acquisition: Cannabis multinational operator it completed its business combination with Clever Leaves International and blank-check company, Schultze Special Purpose Acquisition Corp., in a deal valued at approximately $205 million. Shares of the New York-based company are expected to begin trading Friday under the new tickers CLVR and CLVRW on the Nasdaq Capital Market. Clever Leaves said it has received approximately $225 million of capital since forming in 2016–its most recent raise was a round, according to SA¹ú¼Ê´«Ã½ data.

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