MercadoLibre picks up funds to increase lending

MercadoLibre picks up funds to increase lending

Corporate & Sovereign Strategy Loans Digital Payments Technology Latin America Argentina Brazil Mexico Coronavirus Commerce

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

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