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Rappi Secures $100 Million Loan From Santander, Private Credit

Summary by Bloomberg
Rappi Inc., one of Latin America’s most valuable startups, secured a $100 million loan from Banco Santander and Kirkoswald Capital Partners, marking its largest debt financing since the Colombian delivery startup’s founding a decade ago.

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Rappi, one of the leading home distribution companies in Latin America, reported obtaining a $100 million loan to expand in Latin America and to refinance its debts.

Rappi reported that he achieved a $100 million loan with the Santander bank and Kirkoswald Capital Partners, to expand in Latin America, mainly Mexico, and...

Rappi obtains record funding of US$100 million Period Agency... Wed, 20/08/2025 - 20:36 It is the largest debt financing operation the company has achieved since its foundation in 2015.

The four-year guaranteed senior credit line will serve to refinance and meet the company’s capital needs, which seeks to expand in the region’s competitive delivery market Read more

·Buenos Aires, Argentina
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Bloomberg broke the news in United States on Wednesday, August 20, 2025.
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