January 28, 2022 |
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
Mexarrend and Zinobe's new joint venture expects to go to Peru and Central America in the medium term after starting in Mexico and Colombia