<div>
  <ul>
    <li>
      <p>
        Mexican BNPL platform Nelo received a USD 100 million credit facility from Victory Park Capital. The new facility follows its USD 20 million Series A funding round in 
        <a href="https://sp-edge.com/updates/5953">
          October 2021
        </a>
        .
      </p>
    </li>
    <li>
      <p>
        The proceeds will be used to expand its operations in Mexico for hiring and marketing activities.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake</b>
        : The credit facility gives Nelo more runway as it attempts to gain traction in the space. It 
        <a href="https://www.wfmz.com/news/pr_newswire/pr_newswire_technology/nelo-enables-buy-now-pay-later-for-all-ecommerce-stores-in-mexico/article_39e0c265-2368-5faf-b5af-6f839e28c1f8.html">
          recently launched
        </a>
         an all-in-one app in partnership with Mastercard to allow customers to use its BNPL service across any online merchant within the Mastercard network.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20221019005258/en/Victory-Park-Capital-Announces-100-Million-Credit-Facility-for-Consumer-Payments-Platform-Nelo">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2022/10/nelo-reveives-100-million-credit-facility-from-victory-park-capital.html">
      FinSMEs
    </a>
  </p>
  <p>
    <a href="https://www.pymnts.com/bnpl/2022/mexicos-bnpl-app-nelo-nets-100m-credit-line-for-expansion/">
      PYMNTS.com
    </a>
  </p>
</div>


All Updates

Nelo receives a USD 100 million in credit facility

Nelo raises USD 20 million in Series A funding