Category: Covalto

Covalto, a Leading Digital Banking and Services Platform for SMEs in Mexico, receives additional financing and ratings upgrade

Banco Covalto S.A. Institución de Banca Múltiple (Banco Covalto), the fully regulated banking arm of Covalto Ltd. (“Covalto”), a leading digital banking and services platform for SMEs in Mexico, continues to strengthen its financial position and announced today the closing a USD $10 million unsecured debt facility from U.S. International Development Finance Corporation (DFC) and an expansion of its current credit line with Mexican government-sponsored trust FIRA to MXN $3.8 billion (~USD $190 million).

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