Rappi obtiene préstamo de US$100 millones de Santander y crédito privado

Rappi, a Colombian delivery startup, has secured a $100 million loan from Santander and Kirkoswald Capital Partners, the largest debt financing since its founding in 2015. The four-year senior credit line will refinance and cover Rappi's working capital needs as it expands in the competitive Latin American market. This financing comes as many startups in the region are increasingly turning to debt in a challenging funding environment.