Tangelo recently partnered with Dell Leasing and Clip to promote the use of multiple digital payment methods among businesses based in Mexico.
"These partnerships will have a positive impact on the region because hundreds of SMEs and thousands of consumers will be able to grow and access technology through financing solutions that would otherwise be difficult to have,” Ricardo Hoyo, head of corporate at Tangelo, said in a press release. “In addition, the credit products that we operate today in the Mexican market can be easily replicated in Colombia and other Latin American countries that need digital credit solutions.”
The collaboration between Dell, based in California and the Latin American credit solutions provider, based in Mexico City, is intended to secure financing exposure and provide access to two existing credit lines, according to a press release.
One of the functioning capital lines is now accessible to 100 wholesale technology distributors in Mexico. The establishment offers financing options for Dell products, said to have made $280 million in the country. The second credit line helps finance much of the tech company’s Mexican E-commerce transaction, making significant contributions to the one-billion-dollar industry.
With more than 1,000 employees across Mexico City, Guadalajara, Salt Lake City and Buenos Aires, Clip is seeking a facilitated platform used for real-time financing, a press release reported.
"At Dell Leasing Mexico we are very pleased with the partnership signed with Tangelo as it will allow us to expand our offering of technology solutions to customers through financing,” Juan Pablo Unna, general director for Dell Leasing, said in a press release. “This will provide individuals with a flexible payment plan, and our distribution channels with additional credit lines that will give them greater purchasing power.”