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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank : Recent highlights on VEF & portfolio companies

02/26/2021 | 02:01am EDT

Dear Fellow Investor,
 
As we continue to increase transparency and provide investors with better insight into VEF and our portfolio of privately held fintech companies, we wanted to share some recent news and updates on all:
 
Creditas

  • In December, Creditas announced that it had raised a USD 255 mln Series E funding round, valuing the company at over USD 1.75 bln. VEF participated in the round with a USD 25 mln investment, and was joined by new investors LGT, Tarsadia, eVentures, Wellington and Advent. Existing investors Softbank, Kaszek and Amadeus Capital also supported the round. Read our press release here.
  • As previously communicated, Creditas has begun to share quarterly financial results as the company continues on its path towards IPO. Recently published 4Q20 results are available here.
  • Additionally, in January 2021 it was announced that Creditas had acquired Brazilian online mortgage platform Bcredi, as the company continues to expand its real estate ecosystem. Learn more here.

 Konfío

  • In December, Konfío announced the acquisition of Gestionix, a Mexican software company offering cloud-based ERP systems, expanding Konfío’s product suite on their mission to become Mexico’s leading digital bank for small businesses. Read about the acquisition here (Spanish language).

 TransferGo

  • TransferGo recently announced a partnership with core banking technology company Thought Machine, which will allow TransferGo to enhance the customer experience by expanding its real-time payments platform and provide card and account-type services. More details here.
  • TransferGo also launched a new partnership with Mastercard to enable customers to make international money transfers in real-time directly to any Mastercard debit or credit card. Learn more about the partnership here.

 Finja

  • As communicated in our 4Q20 Financial Report, Finja recently closed a new financing round of USD 9 mln. VEF participated via outstanding convertible notes and invested an additional USD 0.5 mln. Read more here.

Xerpa

  • Xerpa, along with Creditas, was recently covered in an article on the Brazilian earned salary advance space, which highlighted the opportunity for fintech to increase the financial wellness of employees in Brazil and reduce their reliance on expensive alternative forms of credit through salary-on-demand. Read the piece here (Portuguese language).

News on VEF

  • In November, VEF raised USD 61 mln as part of a directed share issue with support from existing and new investors. This capital raise allows us to continue our investment mandate of investing in some of the best fintech companies across the emerging world. More details here.
  • Following the release of our 4Q20 financial results, new research on VEF was published by Pareto Securities (here) and DNB Markets (here).

 
We look forward to sharing more information on VEF and our portfolio companies as it becomes available. Any comments or questions, please do not hesitate to contact us.
 
Team VEF

© Modular Finance, source Nordic Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
MASTERCARD 2.90% 393.26 Delayed Quote.10.18%
SOFTBANK GROUP CORP. 0.47% 7261 End-of-day quote.-9.89%
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Financials
Sales 2022 5 953 B 53 967 M 53 967 M
Net income 2022 1 045 B 9 475 M 9 475 M
Net Debt 2022 13 879 B 126 B 126 B
P/E ratio 2022 13,1x
Yield 2022 0,62%
Capitalization 12 438 B 113 B 113 B
EV / Sales 2022 4,42x
EV / Sales 2023 4,26x
Nbr of Employees 58 786
Free-Float 47,1%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 7 261,00 JPY
Average target price 11 336,00 JPY
Spread / Average Target 56,1%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Chief Executive Officer
Yoshimitsu Goto Chief Financial Officer & Senior Managing Director
Norikazu Oba Manager-Finance & Planning
Raul Marcelo Claure Chief Operating Officer & Vice President
Tim Mackey Chief Legal & Group Compliance Officer
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