MercadoLivre receives R$233 million from Goldman Sachs to expand its credit offer

MercadoLivre announced on Monday, 11th, that Mercado Pago - the company's fintech - received a new line of private financing of US$ 233 million from Goldman Sachs.US$ 106 million is destined to expand the credit capacity for individuals and small and medium-sized companies in Brazil, and US$ 127 million corresponds to Mexico.

Mercado Pago financing credit available in Latin America has already granted more than US$ 7.5 million, totalling 175 million loans for consumers and working capital for SMEs.

Among Brazilian retailers, Magazine Luiza announced in May a business credit card and personal loan segment amid rising interest rates, which increase the cost of credit, and inflation, which increases product prices.

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