Daily News: September 9, 2019

Goldman Sachs Provides $100MM Facility to Mexican Fintech Konfio


Bloomberg reported Goldman Sachs Group is providing a secured credit facility of as much as $100 million to Mexico’s Konfio.

According to Bloomberg, Konfio has raised $43 million in equity and $260 million in debt and has access to credit from Bank of Nova Scotia,

Konfio provides unsecured working capital to small and midsize companies. The company plans to lend about $250 million in the next 12 months Bloomberg reported.