Report: Mercado Libre Plans Mexico Expansion of Working Capital Funding With $250 Million in Financing
MercadoLibre(MELI) PYMNTS.com·2024-09-19 22:51
Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico.The company will use the new resources to finance more businesses and individuals in the country, Reuters reported Thursday (Sept. 19), with a focus on Mexican small and medium-sized businesses (SMBs)Mercado Libre did not immediately reply to PYMNTS’ request for comment.Mexico is one of the Latin American countries in which Mercado Pago has seen rapid growth, according ...