Panama, January 8, 2024. Morgan & Morgan Legal acted as the Panamanian legal advisor for Mercandú, a startup based in El Salvador that operates the largest marketplace in the Central American region, offering over 500,000 products, in a capital raising round. The capital raising round took the form of issuing shares (equity-raising) in favor of two significant new partners, namely Endless Ventures, an investment fund based in Texas, United States of America, and Corporación Televicentro, a leading Honduran company in multimedia, television, press, and radio.
Thanks to this financing round, the company will be able to accelerate its growth, expand in the region, provide better customer and end-business technology, and broaden the range of services that Mercandú offers to its customers and users, including the Mercandú Pay service, a payment method developed by the same group.
Partner Kharla Aizpurúa and international associate Miguel Arias Mamais participated in this transaction.