bySara Delgado September 23, 2024 No comments 1 minute read 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 […]
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This week’s Espresso covers news from Ruedata, Welbe Care, and more! Outline of this episode: [00:27] – ABSeed raises $30M to invest in B2B SaaS [00:36] – Ruedata raises $2M seed round [00:50] – BTrust lands $1.5M in seed funding [01:05] – CloudWalk raises $313M to finance anticipation of receivables [01:20] – Evertec acquires Zunify
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bySara Delgado May 15, 2024 No comments 1 minute read Argentinian logistics company ClicOH acquired the Chilean last-mile delivery company Rayo for an undisclosed amount. With the funds, the company will expand its eCommerce logistics operations. Rayo founders Martín Arancibia and Juan Andrés Cabrera will assume new leadership roles at ClicOH. Backed by Y Combinator
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bySara Delgado April 26, 2024 No comments 1 minute read Mexican e-commerce aggregator Merama raised $80M in financing led by JP Morgan. With the funds, Merama will refinance its existing debt and continue to grow its portfolio. Merama partners with Latin American e-commerce sellers by acquiring a stake in their businesses, fostering growth, and providing
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