Tagged: mexico

Mexico-Based Credit Card Issuer Stori Raises $32 Million Through Series B Funding Round led By Lightspeed Venture Partners

  Mexico-based consumer fintech Stori announced on Thursday it raised $32.5 million through its Series B funding round, which was led by Lightspeed Venture Partners with participation from Vision Plus Capital, BAI Capital, and Source Code Capital. The investment round brings its total funding to… Read More

Mexico-Based Fintech Flink Raises $12 Million Through Series A Investment Round Led By Accel & ALLVP

  Flink, a Mexico-based fintech, announced this week it raised $12 million through its Series A funding round, which was led by Accel and ALLVP with participation from Raptor Financial Group, Clocktower Ventures, Kevin Efrusy, and Oskar Hjertonsson, Founded in 2017, Flink claims to be… Read More

Banks in Mexico May Follow Global Fintech Trends by Integrating International Payment Providers, Personal Finance Tools, Industry Exec Predicts

Fintech industry professionals believe that this year we’ll begin to really take advantage of the accelerated digital technology adoption and ongoing development that surfaced in 2020 due to COVID-19. The Fintech sector has taken a major step forward with the global user base growing significantly… Read More

Remittance Payments Sent by US-based Mexican Workers to Relatives back Home have Reached Record Levels, following COVID Outbreak

Mexican workers now based in the United States have reportedly been sending record amounts of funds to friends or family members back home since 2020, which may suggest that the American economy has been fairly resilient despite the challenges created by the COVID-19 outbreak. As… Read More

Fintech as a Service Providers in Mexico Likely to Face Serious Challenges due to New Regulations, Analysts Claim

A new regulatory policy has reportedly been introduced by Mexico’s financial industry regulator CNBV and it’s being referred to as “a death sentence” for firms that are providing Fintech-as-a-Service (FaaS) businesses, according to analysts. Carlos David Valderrama Narvaéz and Diego Montes Serralde from Legal Paradox,… Read More

Mexico-Based Fintech Mozper Secures $3.55 Million Through Seed Funding Round Led By Hetz Ventures

  Mozper, a Mexico-based debit card and mobile app designed for kids and parents in Latin America, announced on Monday it secured $3.55 million through its latest seed funding round, which was led by Hetz Ventures with participation from F-Prime Capital, Foundation Capital, Secocha Ventures and previous investors Dux… Read More

Mexico based Digital Bank albo Secures $45 Million in Capital to Expand Operations into Lending and Insurance Services

Mexico-based digital bank albo has secured $45 million in capital through an investment round in order to expand its operations into lending and insurance services. Several investors took part in albo’s latest round, including Valar Ventures, Greyhound Capital, Mountain Nazca and Flourish Ventures. The digital… Read More

Bitso Receives $62-million Investment from Kaszek Ventures and QED Investors

Bitso, a Mexico based crypto platform, has received a $62 million investment from Kaszek Ventures and QED Investors. The series B funding represents the first foray into cryptocurrency for both QED Investors and Kaszek Ventures. The digital asset platform says this is the first major… Read More

Fintech Galileo Enables Ualá Expansion into Mexico

Galileo, an API standard for card issuing, virtual card solutions and digital banking, is aiding Argentina based Fintech Ualá’s expansion into Mexico. Moving into Mexico is Ualá’s first expansion outside its home country. Ualá is a Fintech with a mission to bring Latin American financial… Read More

Fintech Firm Afterbanks, which Aggregates Data from Banks in Real-Time, Launches Operations in Mexico

Afterbanks, the Fintech firm that allows users to retrieve and aggregate data from different banks in real-time via an API, has introduced its products and services in Mexico. Afterbanks’ platform has been used to conduct instant and secure payments in Europe and Latin America. Afterbanks… Read More

Mexico-Based Challenger Bank Klar Secures $15 Million Through Series A Funding Round Led By Prosus Ventures

Klar, a Mexico-based challenger bank, announced on Monday it secured $15 million through its Series A funding round, which was led by Prosus Ventures with participation from new investor International Finance Corporation and former investors Quona capital, who led Klar’s seed round, Mouro Capital (formerly Santander… Read More

Digital Bank Bnext to Partner with Rapyd for Latin American Expansion

Bnext, a Spain based neo-bank that has raised over €22 million in funding, has partnered with Rapyd, a Fintech as a Service company, to expand services across Latin America. According to a release, Bnext customers will be able to make deposits into their accounts at… Read More

Digital Financial Services Firm Konfio Obtains $58.8 Million Credit Line to Help Mexican Women Access Financing Options

For the first time ever (in September 2019), giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division provided a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. As reported last year, the funds were to be directed toward Konfio’s business… Read More

Fintech Zenda.la Becomes First Mexican Company to Get Accepted to the IBM Hyper Protect Accelerator Program

Fintech firm Zenda.la has reportedly become the first Mexican company to get accepted to the IBM Hyper Protect Accelerator program, which is conducted through a partnership with Village Capital. Zenda’s management says that being accepted into the tech giant’s program is “especially relevant as we… Read More

Oyster Financial Secures $14 Million Through Seed Funding Round Led By Monashees & SV Latam Capital For Mexico Expansion

U.S./Mexico fintech Oyster Financial recently announced secured $14 million through its latest seed funding round, which was led by Monashees and SV Latam Capital with participation from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint Ventures, S7 Ventures, and Ulu Ventures. The funding will go towards the company’s expansion into Mexico. Founded in… Read More

Latin American Fintech Übank, which Offers Automated Savings App, Plans Expansion into the US

Mexico’s Übank, the provider of an automated savings solution that allows consumers to save based on their lifestyle and everyday expenses, is planning to expand its operations into the US in 2021. Übank claims that it uses innovative savings strategies. Its app can “transform” daily… Read More

TransferMate Announces Expansion of North American Regulation With New Mexico License Approval

TransferMate, a cross-border B2B payments technology solution, announced on Thursday it scored a significant boost to its international footprint, securing a new payments license in Mexico. According to TransferMate, the license marks a major milestone on the platform’s global growth journey. Founded in 2008, TransferMate… Read More

Austrian Fintech Paysafecash Announces Expansion Into Mexico

PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday it has launched its services in Mexico. As previously reported, PaySafeCard claims it has become a global market leader in online prepaid payment methods and part of the portfolio of payment… Read More

WorldRemit Announces Partnerships With Mexican Neobanking Groups albo & Klar

WorldRemit announced on Thursday it has formed partnerships with Mexico-based neobanks albo and Klar. According to Jorge Godinez, Head of LATAM at WorldRemit, the UK based Fintech is considered the first money transfer company to enable transfers to albo and Klar. While speaking about the collaboration… Read More

Dash Teams Up with Taurus.io, a Mexican Digital Asset Exchange, to Launch a Cryptocurrency based Debit Card

Dash has teamed up with Taurus.io, a Mexican digital asset exchange, in order to launch a cryptocurrency based Visa debit card in Latin American markets. The card will only be offered to Taurus’ customers in Mexico (for now). The crypto debit card will reportedly be… Read More

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