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Fintech

What links Goldman Sachs to a small bike shop in Mexico?

Bank’s credit line to fintech firm Credijusto is latest example of growing market of alternative lenders to local business

Fintech investors are flocking to Mexico to try to fill a gap in the country’s credit market: loans to young businesses looking to expand.

The latest example is Goldman Sachs, which is providing a credit line of up to $100m to Credijusto, a four-year-old financial technology firm in Mexico City backed by former Morgan Stanley chief executive John Mack and Capital One Financial co-founder Nigel Morris.

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