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 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
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
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
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, 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
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
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
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
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, 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
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
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
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
“We are convinced that the moment has come for Spanish banks and insurance companies to recognize the great opportunity that the whole country and financial sector have thanks to the impulse and promotion of Fintech. It is also the time to begin to promote strategies… Read More
On Tuesday, Kickstarter CEO and co-founder, Yancey Strickler, announced the crowdfunding platform is now welcoming artists and creators to its website for the first time. In a blog post called Build Bridges, Not Walls, Yancey stated he and his team are now removing the barrier… Read More
Fintech in Mexico continues to grow as Konfio has closed on an $8 million Series A funding round. Konfio is an online lender that finances micro-businesses in Latin America. Their mission is to boost regional economies with loans for young, promising businesses. The new funding… Read More
This past week the Comisión Nacional Bancaria y de Valores (CNBV) published their 7th National Financial Inclusion Report (Reporte Nacional de Inclusión Financiera). The document (embedded below) spent a good amount of time defining and addressing the various forms of investment crowdfunding. The document was published in advance of… Read More
The Mobile World Congress 2016 continues today in sunny Barcelona. PayPal announced its new global partnerships and product updates that showcase its vision of using technology to reimagine financial services to be faster, simpler and more inclusive, whether online, in-app, in store or in new contexts. “We… Read More
The Centre for Alternative Finance at University of Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation team at Chicago Booth School of Business have joined forces to initiate the 2015 Americas Alternative Finance Benchmarking Survey. This landmark survey is the first comprehensive and empirical assessment of crowdfunding, peer-to-peer lending (marketplace lending)… Read More
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