2024-09-20 08:01:00 +0300

Kavak Signs $810 Million Financing Deals With Global Banks

Logo Bloomberg
Bloomberg
By Michael O'boyle

Kavak, Latin America’s biggest startup, signed structured financing agreements with HSBC Holdings Plc, Goldman Sachs Group Inc and Banco Santander SA worth $810 million as it looks to expand operations amid a downturn in the tech industry.

Specifically, HSBC will provide $675 million of financing to purchase Kavak’s current and future loan portfolio in Mexico while Goldman Sachs and Santander will provide loans backed by assets including warehouses and cars worth a combined $135 million, chief financial officer Moises Flores said in an interview at the company’s Mexico City offices.

AD
AD

Continue read on bloomberg.com

AD
Logo U.S. News & World Report
PoliticsBy Reuters2024-08-25 17:11:15 +0300
By Tatiana Bautzer SAO PAULO (Reuters) - Brazilian lender Banco Bradesco SA said on Thursday its subsidiary Bradescard has agreed to acquire Mexico's Ictineo...

Logo PR Newswire
Business / FinancePress Release2024-09-14 16:30:00 +0300
MEXICO CITY, Sept. 14, 2022 /PRNewswire/ -- Mexarrend, leader in developing alternative credit solutions in Latin America, announces that it has received the...

Logo Reuters
MarketsBy Reuters2024-08-25 17:11:40 +0300
Brazilian lender Banco Bradesco SA (BBDC4.SA) said on Thursday its subsidiary Bradescard has agreed to acquire Mexico's Ictineo Plataforma SA in a bid to...

Logo Nasdaq
Business / FinanceBy Reuters2024-08-25 21:39:38 +0300
SAO PAULO, Aug 25 (Reuters) - Brazil's government on Thursday announced it will investigate 23 financial institutions, including the country's top banks, for...

Logo Benzinga
MarketsBy Pr Newswire2024-09-14 16:30:00 +0300
MEXICO CITY, Sept. 14, 2022 /PRNewswire/ -- Mexarrend, leader in developing alternative credit solutions in Latin America, announces that it has received the...

Logo Bloomberg
TechnologyBy Vinicius Andrade2024-09-01 15:00:00 +0300
Latin American e-commerce retailer and fintech provider MercadoLibre Inc. has tapped Brazil’s local debt market as it seeks to fund its largest investment...

Logo Bloomberg
TechnologyBy Saritha Rai2024-09-15 12:30:00 +0300
Data security startup Fortanix Inc. raised $90 million from backers led by a Goldman Sachs Group Inc. fund, as cybersecurity companies attract investor...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-08-31 20:20:35 +0300
LONDON, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, announces a...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-09-07 16:56:00 +0300
STAMFORD, Conn., Sept. 07, 2022 (GLOBE NEWSWIRE) -- SpringWorks Therapeutics, Inc. SWTX, a clinical-stage biopharmaceutical company focused on developing...

Logo Bloomberg
TechnologyBy Carolina Millan2024-09-02 21:03:45 +0300
Latin American fintech firm R2 reached a $100 million valuation following a $15 million Series A round led by Google’s Gradient Ventures. Other participants...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-02 10:14:40 +0300
By Makiko Yamazaki TOKYO, Sept 2 (Reuters) - Citadel Securities aims to be among the top market makers in U.S. fixed-income products in Japan, its executives...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-09-14 17:41:42 +0300
Berkeley, CA, Sept. 14, 2022 (GLOBE NEWSWIRE) -- today released new Fossil Free Finance and Insurance ratings that score mutual funds and ETFs based on their...

Logo Investing.com
EconomyBy Reuters2024-08-27 03:10:36 +0300
Reuters. FILE PHOTO: Mexican Foreign Secretary Marcelo Ebrard speaks at a trilateral meeting with U.S. and Canadian counterparts during the ninth Summit of...

Logo Bloomberg
MarketsBy Matthew Martin2024-09-18 08:48:57 +0300
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs, HSBC Holdings Plc and SNB Capital to manage its...

Logo Investing.com
MarketsBy Reuters2024-09-02 09:10:43 +0300
Reuters. Office buildings are seen in the City of London financial district, amid the coronavirus disease (COVID-19) in London, Britain, July 30, 2020....

Logo EIN Presswire
Business / FinancePress Release2024-08-25 14:45:00 +0300
EA Markets Logo EA Markets arranges $155mm fleet financing for Voyager Global Mobility, a leading strategic operator that provides vehicles and drivers to...

Logo Benzinga
MarketsBy Pr Newswire2024-09-07 17:00:00 +0300
The 14th securitization of loans originated by GoodLeap is the largest to date SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- GoodLeap, LLC, America's leading...

Logo Benzinga
Business / FinanceBy Globe Newswire2024-09-15 09:00:00 +0300
Aspo Plc Press release September 15, 2024 at 9:00 a.m. AtoB@C Shipping has signed EUR 32.2 million loan a greement with Svenska Skeppshypotek in relation to...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-08 09:47:51 +0300
Adds more details, background Sept 8 (Reuters) - Vistry Group Plc VTYV.L on Thursday reported a 14.3% rise in half-year profit, although the homebuilder said...

Logo CBS News
MarketsBy Aimee Picchi2024-09-07 00:44:01 +0300
The U.S. economy is showing signs of decline, with many consumers cutting back on spending amid high inflation and shrinking growth. But despite mounting...