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DFC and FIRA Extend MXN1.8b in Additional Credit Lines to Mexico’s VC-backed Covalto

26 October 2022

(Forbes) Mexico-based fintech Covalto (formerly Credijusto) secured a MXN1.8b (~USD90m) credit line extension from Fideicomisos Instituidos en Relación con la Agricultura (FIRA), bringing the debt facility to a total of up to MXN3.8b (~USD189m). DFC also granted a USD10m unsecured loan to the startup.