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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.