Tangelo signs revolver with HSBC

Tangelo signs revolver with HSBC

Loans Funds Central America Mexico Capital Markets Asset Management Project & Infrastructure Finance Colombia Peru Digital Payments

Mexico City-based financial technology firm Tangelo said Tuesday that it has borrowed MXN3 billion ($150 million) from British bank HSBC to attend to rising demand for loans to small and medium-sized enterprises (SMEs).  Tangelo, formed this year by Mexican asset-based lender Mexarrend and Colombian digital lender Zinobe, will use the warehouse facility "to continue diversifying its debt profile, promoting funding in local currency and supporting increasing demand for its SME credit solutions,"

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