Tangelo maps out expansion plans

Tangelo maps out expansion plans

Equity M&A Central America South America Latin America Colombia Mexico Peru Capital Markets Project & Infrastructure Finance Technology

Tangelo, a financial technology firm formed by Mexican asset-based lender Mexarrend and Colombian digital lender Zinobe, plans to expand to Peru and some markets in Central America in the medium term, a company spokesperson told LatinFinance. Mexarrend and Zinobe announced the joint venture on Thursday to offer credit to consumers and small and medium-sized enterprises (SMEs). The new company will start operations in Mexico and Colombia before it begins its expansion plans, the spokesperson said

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