Mercado Libre secures $250M credit line from JPMorgan

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Argentine e-commerce platform Mercado Libre secured a three-year $250M credit line from JPMorgan. The transaction includes JPMorgan’s acquisition of personal and business loans from Mercado Libre’s credit portfolio.

Mercado Libre will use the funds to expand credit offerings for SMEs and personal loans in Mexico through its fintech arm, Mercado Pago.

“This partnership confirms the trust of a major global financial institution in our work and reinforces our commitment to improve financial lives,” said Facundo Cuppi, Director of Strategy and Operations at Mercado Pago.

As of Q2 2024, Mercado Pago’s loan portfolio in Mexico reached $1.5 billion.

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Sara is a Public Policy Strategist with a proven track record in communications and media strategies. She excels in aligning multi-stakeholder interests and analyzing key policy changes. Spearheading technological advancements and policy shifts, Sara collaborates with thought leaders and top-tier media outlets.

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