Galgo secures MXN 1bn credit facility from BBVA Spark for motorcycle financing
The facility will expand Galgo’s digital motorcycle-credit offer in Mexico, serving buyers who may have limited access to conventional financing.
Financing the motorcycle purchase journey
Galgo brings motorcycle discovery, purchase and financing into one online process. A buyer can choose a model, submit income and identity details, receive a credit decision and complete the contract digitally, then collect the motorcycle through a partner dealership.
BBVA Spark and Galgo announced a MXN 1bn credit facility to support motorcycle mobility in Mexico. The debt facility gives Galgo financing capacity for its lending offer, which uses technology and transaction data to assess customers who may not fit conventional credit models, including people with limited credit histories.
Galgo says it has financed more than 200,000 people across Mexico, Colombia and Chile. The new facility is aimed at widening the Mexican offer and helping customers build digital credit histories through completed financing relationships.
Use of funds
Expand motorcycle credit access in Mexico and help customers build digital credit histories