MEXICO CITY : Latin American property technology startup Tuhabi is set to receive a $50 million credit line from the Inter-American Development Bank's financing arm, which it will use to ramp up operations in Mexico, the company said Thursday.
The IDB funds"will allow to purchase more inventory" in Mexico, Tuhabi's chief financial officer, Marcos Kantt, said in an interview ahead of the announcement. "The thing people really care about is that it's simple, it's secure, and they're working with a trusted counterpart," co-founder and Chief Executive Brynne McNulty Rojas said.
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