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Paypal acquires 7% stake in MercadoLibre-backed SPAC

Friday 15 October 2021 | 16:00 CET | News
PayPal has acquired 2 million shares of Miami-based special purpose acquisition company MELI Kaszek Pioneer for a undisclosed sum, reports website Payments Dive, citing an SEC filing. The stake is equivalent to a 6.73 percent share of the SPAC, which is backed by Latin American e-commerce giant MercadoLibre and venture capital firm Kaszek.

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Categories: General
Companies: MercadoLibre / PayPal
Countries: Latin America
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