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JP Morgan & Fintech OmniLatam Partnering To Offer Credit Lines to Mid-sized & Small Suppliers In Latin America – $JPM $DIA

By John F. Heerdink, Jr.

As per reports, JPMorgan Chase & Co has partnered with fintech OmniLatam to offer credit lines to mid-sized and small suppliers of big corporations in Latin America. With operations in Colombia and Chile, OmniLatam recently opened an office in Brazil, offering receivable-backed credit and working capital lines to suppliers of JPMorgan’s clients in the region, majorly large local corporations or multinationals’ subsidiaries.

“Suppliers will have access to lower-cost to discount their receivables at a time of rising interest rates”, stated Ignacio Munoz De Cote, Head of Latin America Payments at JPMorgan. 


JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.


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(Read Original Story: JPMorgan partners with fintech OmniLatam to lend to SMEs in the region in Reuters)


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