Mexico City based digital lender raised $125m in debt from Goldman Sachs. This is the bank’s third loan to a Latin American FinTech startup in 2019 — and the biggest ever in Mexico.
The Goldman Sachs loan won’t be used to finance lending in Brazil. “We wanted not only Goldman’s capital, but also the experience the bank has on this type of [transaction] throughout Latin [America],” said Santos. “I hope to work with the bank in the future to finance other portfolios, including consumer operations in Mexico and other markets.”