Tangelo, the technology company specializing in alternative credit solutions for Latin America, announced partnerships with Dell Leasing, the global IT company, and with Clip, a leading digital commerce and payments platform that enables businesses in Mexico to interact and do business more effectively with their consumers through innovative technologies, best-in-class customer service, and the ability to digitally accept multiple payment methods. Clip has over 1,000 employees and offices in Mexico City, Guadalajara, Salt Lake City, and Buenos Aires. With Dell Leasing, Tangelo has developed two credit lines. The first one is a working capital line, made available to the largest 100 wholesale technology distributors in Mexico, allowing them to finance their Dell purchases, a business that last year reported sales for over $280 million dollars in Mexico. The second credit line is designed to finance online purchases on Dell’s Mexican E-commerce site, a one-billion-dollar business in Latin America. This financing will be available for purchases under $10,000 dollars, thus boosting people’s access to credit and technology throughout the region.
Tangelo reinforces its commitment to financial inclusion in Latin America, consolidating its business model based on strategic partnerships with large corporations in several sectors of the economy, bringing digital financing solutions to thousands of consumers and SMEs in the region. Tangelo is a high-growth financial technology company specializing in developing and scaling alternative credit products and services for individuals and businesses in Latin America. Through its proprietary technology platform and advanced data analytics capabilities, Tangelo manages a diverse portfolio of customized products including point-of-sale financing, supply chain financing, asset-based lending, credit scoring as a service, and end-to-end white label digital credit solution for numerous industries.