- Last year, Goldman Sachs granted a BRL 125 million loan to Mercado Libre in Mexico;
- Mercado Pago operates in Brazil, Argentina, and Mexico.
Goldman Sachs has granted a BRL 400 million credit line to finance loans from Mercado Libre to micro and small companies in Brazil, according to a statement on Thursday.
The loans will be granted through Mercado Libre’s financial services arm, Mercado Pago.
Goldman Sachs said the credit line is one of the largest it has ever provided for a fintech in Brazil. Last year, Goldman Sachs granted a BRL 125 million loan to Mercado Libre in Mexico.
Translated from Portuguese to English by Fabiane Ziolla Menezes