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Goldman Sachs Lends $100 Million to Mexican Fintech Konfio

Goldman Sachs Lends $100 Million to Mexican Fintech Konfio

Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd. The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according to David Arana, the fintech’s chief executive officer and founder. 

Article via Bloomberg

 

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