December 18, 2019 |
MercadoLibre plans to explore more financing facilities to help expand the credit business of its Mercado Crédito and Mercado Pago units, the e-commerce retailer's CFO told LatinFinance.
Earlier this month, Goldman Sachs granted a $125 million loan to Mercado Crédito, which provides commercial lines of credit business to MercadoLibre clients. The deal marked Goldman’s Sachs' largest loan to a financial technology firm in Mexico.
The loan was structured as a revolving three-year warehouse financ
E-commerce retailer's CFO says company is increasingly looking for outside investors to finance lines of credit for its clients