MercadoLibre's Meli Fund has helped business lending platform BizCapital increase its overall funding to almost $22m.
Brazil-based enterprise loans provider BizCapital secured $12m in series B funding yesterday from investors including Meli Fund, the corporate venturing unit owned by e-commerce marketplace group MercadoLibre.
The round was led by DEG, a development finance subsidiary of German foreign promotional bank KfW Group, and also featured undisclosed existing investors.
BizCapital offers loans to small to medium-sized enterprises (SMEs) through an online platform intended to give quick lending decisions to cover the client’s working capital costs. The capital will be…
