Goldman Boosts Credit Line for Mexicoâs Konfio to $160 Million
Feb 25 2021, 9:50 PM
February 25 2021, 8:26 PM
February 25 2021, 9:50 PM
(Bloomberg) Goldman Sachs Group Inc is increasing a credit line to Mexican financial technology firm Konfio Ltd. to support the startup in its bid to disrupt traditional lending practices in Latin Americaâs second-largest economy.
(Bloomberg) Goldman Sachs Group Inc is increasing a credit line to Mexican financial technology firm Konfio Ltd. to support the startup in its bid to disrupt traditional lending practices in Latin Americaâs second-largest economy.
Goldman will provide $160 million of support for Konfio to draw from, up from an earlier pledge of $100 million, the Mexico City-based company said in an statement. The credit extension will allow Konfio to increase the number of loans it gives to small and medium-sized companies.