Fintech

What links Goldman Sachs to a small bike shop in Mexico?

Bank’s credit line to fintech firm Credijusto is latest example of growing market of alternative lenders to local business

Friday 15 March 2019 at 07:27

Fintech investors are flocking to Mexico to try to fill a gap in the country’s credit market: loans to young businesses looking to expand.

The latest example is Goldman Sachs, which is providing a credit line of up to $100m to Credijusto, a four-year-old financial technology firm in Mexico City backed by former Morgan Stanley chief executive John Mack and Capital One Financial co-founder Nigel Morris.