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Goldman Sachs invests 233 million USD in Mercado Libre to expand operations in Mexico and Brazil

SAO PAULO, BRAZIL (July 11, 2022) – Argentine online marketplace MercadoLibre Inc said on Monday it received a private financing line of $233 million from Goldman Sachs to expand its credit offer in Brazil and Mexico.

Goldman Sachs is a global leader in investment banking, securities, and investment management services.

The company intends to, through its lending unit Mercado Credito, increase its loan offers to individuals and small and medium-sized companies in both countries.

Of the total figure, $106 million will be destined for Brazil and $127 million for Mexico, MercadoLibre said in a statement.

Since 2021, Goldman Sachs has already provided the South American firm with $485 million in credit lines.

Source: Reuters

Mexico Daily Post

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