March 25, 2019
Credijusto, a Mexico City-based digital lending platform for small and medium-size businesses, has received a $100 million credit facility from Goldman Sachs, according to a press release
The company said the funding will allow it expand its SME loan business across Mexico.
"This credit facility represents a significant milestone for Credijusto and allows us to continue to transform the way Mexican SMEs access capital," David Poritz, co-CEO of the company said in the announcement.
According to the company, SMEs make up 99 percent of Mexican businesses and 74 percent of the country's total employment, but only receive about 15 percent of the loans. Credijusto has originated approximately $70 million in credit since it was founded in 2015.
In 2018, the firm raised Series A funding led by Kazek Ventures and QED Investors.
Topics: Mobile Banking, Money Transfer / P2P, Region: Americas
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