Paytech Mercado Pago has just received US$233M from Goldman Sachs in Brazil

July 11, 2022
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According to the company, US$ 106 million will go to individuals and small and medium enterprises in Brazil, and US$ 127 million in Mexico

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In all, Goldman Sachs' contributions total $485 million between 2021 and 2022 in Mercado Livre, which represents one of the largest investments made by this bank in a fintech in the region.

"At Mercado Pago we are driven by the purpose of bringing solutions together and generating more opportunities for millions of Latin Americans, with a credit offer tailored to their needs and capabilities," said Facundo Cuppi, Chief Credit Strategy and Operations Officer at Mercado Crédito.
"We are extremely excited to continue our partnership with Mercado Livre to promote financial inclusion and access to credit in Latin America," said Santiago Rubin, Managing Director, Head of Technology Media and Telecom for Latin America at Goldman Sachs.

Mercado Pago's credit lines available in the region already amount to more than $7.551 million, totaling $175 million in consumer loans and working capital for SMEs.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

In all, Goldman Sachs' contributions total $485 million between 2021 and 2022 in Mercado Livre, which represents one of the largest investments made by this bank in a fintech in the region.

"At Mercado Pago we are driven by the purpose of bringing solutions together and generating more opportunities for millions of Latin Americans, with a credit offer tailored to their needs and capabilities," said Facundo Cuppi, Chief Credit Strategy and Operations Officer at Mercado Crédito.
"We are extremely excited to continue our partnership with Mercado Livre to promote financial inclusion and access to credit in Latin America," said Santiago Rubin, Managing Director, Head of Technology Media and Telecom for Latin America at Goldman Sachs.

Mercado Pago's credit lines available in the region already amount to more than $7.551 million, totaling $175 million in consumer loans and working capital for SMEs.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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