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Mercado Libre Obtains $233 Million Dollars from Goldman to Provide Loans in Mexico and Brazil

The U.S. investment bank Goldman Sachs granted a financing line for $223 million dollars to Mercado Libre, which will be used to expand its credit services through its Fintech business in Mexico and Brazil.

According to the e-commerce company of Argentine origin, of the total resources, 127 million dollars will be used to expand the credit capacity aimed at individuals, as well as small and medium-sized companies in Mexico, while the remaining 106 million dollars will be for the Brazilian market.

"At Mercado Pago we are driven by the purpose of providing solutions and generating more opportunities for millions of Latin Americans, through an innovative credit service that adapts to their needs and capabilities," said Facundo Cuppi, the company's Director of Strategy and Operations.

Read the full article (in Spanish)

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