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The free market announced today (11) raising $ 245 million from a fund with credit rights (IFCD). Thus, the funds will be allocated to the granting of credit to sellers, through the Mercado Credito unit. In other words, the small entrepreneurs who sell via the e-commerce site will benefit.
Free market earns A $ 245 million to lend to sellers
The financing was led by IDB Invest, the bank's arm.
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"The value intended for the IFCD aims to strengthen the supply of credit for small businesses, which access to banks' credit is limited "said Daniel Stephens, senior director of the credit market in Brazil.
The credit market was launched in January to become a separate unit. business. The free market strategy was therefore to expand the supply of financial services, creating a series of branches of activity. Mercado Pago, which operates in the card market, is an example of unity.
In addition, it was recently announced that Free Market had been approved by the Central Bank to act as a payment institution. group operating with various other financial services, such as loans to individuals.
Since the beginning of 2017, more than 665 million reais have been granted in the form of credit to online sellers in the country. 19659012] Follow us on our social networks such as Facebook, Twitter and Instagram. Thus, it will accompany articles on digital banks, digital credit cards, financing, loans and everything related to the subject of fintechs.
Luiz Felipe Kessler
Founder of your digital credit technology and Optclean
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