July 13, 2022 |
Argentine e-commerce company MercadoLibre said late Monday it secured $233 million in a private financing from US-based investment bank Goldman Sachs to expand its lending business in Brazil and Mexico.
MercadoLibre said it will use $127 million of the loan to expand lending to consumers and small and medium enterprises in Mexico, and the other $106 million in Brazil, according to a press release.
The credits will be channeled through the company's Mercado Crédito lending arm, which is part of i
Argentine e-commerce company borrows $233 mln from Goldman Sachs to expand credit to SMEs in Brazil and Mexico