Goldman Sachs Group Inc, Point72 Ventures and others invested $40 million in a M...
NEW YORK - Goldman Sachs Group Inc, Point72 Ventures and others invested $40 million in a Mexico-based online lender called Credijusto.com, the companies said on Thursday.
This is the first time Goldman’s Principal Strategic Investments group and the venture capital arm of Steve Cohen’s investment firm Point72 have invested in Mexico’s fintech market, and it is a sign they see potential for growth. Mexico’s government has said it is looking to fintechs to play a major role in increasing financial inclusion in the country.
Companies may wait five months to get approved for a loan by a Mexican bank, and interest rates may be five times as much as those offered by U.S. banks, according to the statement.
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