Mexican Startup Credijusto Raises $100 Million, Seeks to Boost Loans Amid Coronavirus

Mexican fintech startup Credijusto has raised $100 million in debt from Credit Suisse Group, a move that will help it extend more loans to small and mid-sized businesses as banks gauge how to respond to the impact of coronavirus, its joint CEO said.

Although the deal was in the works before the coronavirus epidemic intensified, it closed last week amid significant upheaval in financial markets, Credijusto Co-Chief Executive David Poritz told Reuters.