Tagged: mexico

Brazilian Fintech Nubank Announces Launch in Mexico

Nubank, a Brazil-based fintech startup, announced on Wednesday its arrival in Mexico through a new subsidiary company called “Nu.” Nubank reported that this is the first time  that it will offer products outside of Brazil. The fintech’s goal is to challenge the complexity of the… Read More

Prolific 22-Year-Old Unlicensed Bitcoins Dealer Sentenced to Two Years Imprisonment

Jacob Burrell Campos, 22, from Rosarito, Mexico, has been sentenced to two years in prison and will forfeit $823,357 “in illicit profits” after being convicted of running an unlicensed money transmission business, that, “…(sold) hundreds of thousands of dollars in Bitcoin to over 1,000 customers throughout… Read More

Mexican SME Lender Credijusto Closes Credit Facility From Goldman Sachs For Up to $100 Million

Credijusto, an SME lending platform that is based in Mexico, announced on Friday it has closed a credit facility with Goldman Sachs for up to $100 million.  According to Credijusto, The transaction provides the lender with the funding capacity to further expand its lending across… Read More

Scotiabank Teams Up With Tecnológico de Monterrey For New Fintech Accelerator Factory A in Mexico City

Scotiabank and The Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), commonly referred to as Tec de Monterrey, announced last week they have teamed up to launch Factory A in Mexico City, which is the bank’s first fintech accelerator program. According to the duo, 10 fintechs will be selected… Read More

Overstock’s Medici Land Governance Signs MOU with Tulum, Mexico for Land Records

Overstock’s (NASDAQ:OSTK) Medici Land Governance (MLG) subsidiary has signed a Memorandum of Understanding (MOU) with the municipality of Tulum in Quintana Roo, Mexico. The MOU is to develop a digital land records platform built on their blockchain platform. MLG and Tulum officials expect to “work together to… Read More

Mexican Fintech Albo Secures $7.4 Million Through Series A Funding Round Led By Mountain Nazca

Albo, a Mexico-based fintech that offers consumers digital accounts with prepaid Mastercards for receiving, transferring, and spending, announced on Thursday it secured $7.4 million through its Series A investment round, which was led by Mountain Nazca and joined by the impact investment firm Omidyar Network,… Read More

Suretly Forms Joint Venture with Payment Service QPAGOS in Mexico

Fintech startup Suretly has formed a joint venture (JV) with payments platform QPAGOS. A new entity will be formed called Suretly Mexico to develop Suretly’s “crowdvouching” solution for microloans in Mexico. Suretely explains crowdvouching as: The practice of financially securing a loan repayment by vouching monetary… Read More

Startupbootcamp Scale FinTech Opens Applications For Second Cohort

Fintech

Startupbootcamp Scale FinTech Mexico City announced on Wednesday the opening of applications for its second cohort and invites the best growth stage fintech startups. The accelerator claims to be the only fintech scaling program in Latin America and is designed for growth stages companies specialized… Read More

U.S. Fintech PayJoy Secures $20 Million In Debt Financing From Arc Labs

PayJoy, a San Francisco fintech startup, announced on Thursday it secured $20 million in debt-financing from Arc Labs, a venture partner to innovative companies serving the underbanked. According to PayJoy, the financing was given to bring smartphones and credit to the underbanked in Mexico. Founded in… Read More

Blockchain-Based B2B Payments Platform PayStand Announces Operation Expansion; Opens New Office in Mexico

PayStand, a blockchain-based, B2B payments firm, announced last week it has expanded its operation into Mexico by opening a new office in Guadalajara. According to PayStand, the new office bolsters the company’s continued focus to deliver a robust digital payments network for businesses. While sharing more details… Read More

UK’s Department for International Trade Schedules Fintech Mission to Mexico & Japan

Once again, the UK Department for International Trade (DIT) is booking trips abroad to promote and interact with financial innovation types around the world. DIT has scheduled two trips for this Fall. First, DIT has scheduled their second UK Fintech Mission to Mexico City from 11-14… Read More

Augmate Awarded BitcoinLatina Grant to Promote Mexican Blockchain Development: Creating Opportunities

Augmate,  a B2B enterprise company specializing in wearable devices, has received a grant from BitcoinLatina to promote blockchain development in Latin America. BitcoinLatina provides blockchain solutions to scale Latin American consumer, enterprise, government, military, and university services and distributed applications. Its grant, which comes in… Read More

Mexican Senate to Pass New Fintech & Cryptocurrency Regulation Bill

Earlier this week, Mexican Senate passed a new bill that was designed to regulate fintech companies and cryptocurrency throughout the country. As previously reported, Mexico’s President, Enrique Peña Nieto declared in September that an initiative will be submitted to regulate and provide a legal framework for fintech… Read More

ePesos Raises $6 Million in Funding Round Led by Santander InnoVentures

  Santander InnoVentures, the Fintech VC fund of Santander Group, has invested in the Mexican startup ePesos, a mobile payments company for the underbanked. The $6 million funding round included the participation of VilCap Investments, Pomona Impact, and Fiinlab, the innovation lab owned by Gentera. The… Read More

Singer-Songwriter Shawn Mendes Teams up With the American Red Cross to Launch Mexico Earthquake Relief Campaign on Crowdrise

On Friday, singer-songwriter Shawn Mendes announced he is partnering with the American Red Cross to raise funds and bring awareness to those in need after the devastating earthquake hit Mexico earlier this week.  The initiative was launched on crowdfunding platform CrowdRise. The campaign’s description reads: “On September 19, while I… Read More

Salma Hayek Donates $100,000 Through Mexico Earthquake Relief Initiative on Crowdrise

On Wednesday, actress, producer, and humanitarian Salma Hayek launched a crowdfunding campaign on CrowdRise dedicated to her native country Mexico after the devastating earthquakes. Hayek also donated $100,000 to the campaign. The Central Mexico 7.1 magnitude earthquake occurred on Tuesday and has reportedly killed more than 200 people and is considered the most devastating earthquake since the 1985… Read More

ID Finance Announces Mexico Operations Launch

ID Finance, the emerging markets fintech company, has expanded its presence in Latin America with a launch into the Mexican online lending market. The announcement comes less than a year after the company launched operations in Brazil and represents another key milestone as it continues… Read More

Mexico Prepares Legal Framework to Regulate Fintech

Earlier this month, Mexican President Enrique Peña Nieto declared that, “Today, one of the challenges we have, and perhaps an instrument to ensure further development, is financial inclusion”. Fintech is viewed as the way to provide better services to the masses. President Peña Nieto announced… Read More

Latin America Expansion: Startupbootcamp Fintech Announces New Fintech Program In Mexico City

Startupbootcamp Fintech announced on Wednesday the launch of its new fintech program in Mexico City. The organization revealed that the program’s debut marks its expansion into the Latin American market and deepens our mission in supporting entrepreneurship and innovation beyond borders. Startupbootcamp also reported it has teamed up… Read More

Kickstarter Announces: “Our First 100 Days in Mexico”

Less than four months after launching in Mexico, crowdfunding platform Kickstarter took a look back at the country’s campaign successes so far. Kickstarter reported that during the first 100 days, more than 500 independent artists, photographers, filmmakers, designers, developers, musicians, etc. have launched projects and… Read More

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