MercadoLibre plans to expand its credit offering in the two countries, with Mercado Pago to use USD 106 million to boost its credit portfolio aimed for individuals and small businesses in Brazil.
The rest of the USD 127 million will be used for similar development plans in Mexico. Goldman Sachs’ offer comes shortly after investment giant Citigroup has loaned MercadoLibre USD 375 million, in November 2021.
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