Tagged: mexico

Unicorn: Latin American Cryptocurrency Platform Bitso Secures $250 Million Through Series C Funding Round Led By Tiger Global & Coatue

  Bitso, a Mexico-based crypto platform, announced on Wednesday it has achieved unicorn status after raising $250 million through its Series C investment round, which was led by Tiger Global and Coatue with participation from Paradigm, BOND & Valor Capital Group, QED, Pantera Capital, and Kaszek. The… Read More

Argentina based Fintech Ualá has Issued Over 100,000 Debit Cards in Mexico, Just A Few Months After Launch

Less than 6 months after its launch in Mexico’s markets, the Argentina-based Fintech firm Ualá has managed to issue over 100,000 debit cards in the country. Ualá provides a user-friendly app and various tools for effectively managing personal finances. In a recent interview with El… Read More

Mexico-Based Fintech Credijusto Announces Acquisition of Data Analytics Platform Visor

    Credijusto, an SME lending platform that is based in Mexico, announced on Wednesday the acquisition of Visor, a data analytics and digital factoring platform. According to Credijusto, Visor has analyzed over 15,000 companies in Latin America. Additionally, the company’s services have been used by… Read More

Mintos Explains how Mexico Is Different from European Lending Markets, Platform Plans to Onboard More Mexican Lenders

After carrying out its market overviews for developing Asian countries like Uzbekistan, P2P lending marketplace Mintos has now shared key insights about Mexico. The Mintos team has carefully examined the overall picture of Mexican markets, as well as covering how the nation and the local… Read More

Fintech Unicorn Nubank’s Mexican Division Nu Mexico to Acquire $135M in Capital to Expand Operations in Latin America

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

Mexico-Based E-Commerce For Cars Platform KAVAK Raises $485 Million Through Series D Funding Round Led By D1 Capital Partners, Founders Fund, Ribbit, & BOND

    Kavak, a Mexico-based e-commerce platform for buying and selling pre-owned cars, has raised $485 million through its Series D investment round, which was reportedly led by D1 Capital Partners, Founders Fund, Ribbit, and BOND. According to TechCrunch, the latest investment round brings Kavak’s… Read More

Global Payment Infrastructure Provider Dapi Launches Bank Payment Initiation and Account Data Aggregation Services in Mexico

  Dapi, a global payment infrastructure, recently announced the launch of its payment initiation and account data aggregation services in Mexico. Founded in 2019,  Dapi is a real-time banking API that enables companies to accept bank transfer payment within any application instantly with near-zero cost. The… Read More

Oyster Financial Unveils Instant Credit & Revolving Credit Lines For Mexican Small Businesses

U.S./Mexico fintech Oyster Financial announced on Wednesday it has launched instant credit and revolving credit lines for Mexico-based small businesses. The new products come less than six months after Oyster Financial raised $14 million through its latest seed funding round, which was led by Monashees and… Read More

Galileo Announces Expansion into Latin America With New Headquarters & Innovation Center in Mexico

  Galileo, the API standard for card issuing and digital banking, and a subsidiary of Social Finance, Inc. (SoFi) announced on Wednesday  the opening of its Latin America headquarters and innovation center in the Torre Reforma building, which is located in Mexico City As previously… Read More

VC Firm Thomvest Talks Fintech: “Increasingly Complex Financial Transactions Are Moving Online”

Thomvest is a VC firm that is heavy into Fintech with investments in firms like SoFi and Figure or Kabbage and Creditjusto. Several investments (IE Kabbage and SoFi) have been successfully exited, while others remain portfolio companies. Overall, Thomvest touts 9 investments in unicorns and… Read More

Mexico’s Salary Advance Fintech Startup Minu Secures $14M in Capital via Series A Round to Enhance Product Offering

Mexico’s salary advance startup Minu has secured $14 million in capital through a Series A funding round. Minu’s investment round was led by FinTech Collective along with contributions from VEF, XYZ Ventures, and FJ Labs. DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale took… Read More

SaaS Fintech Alchemy Expands into Latin America in Partnership with Círculo de Crédito

Alchemy, a back-end Fintech that provides SaaS banking services, has expanded into Latin America in a new partnership with the launch of decisioning services with Mexico-based Buy Now Pay Later (BNPL) lender, Círculo de Crédito, according to a note from the company. Alchemy says that… Read More

At least 93 Fintech Firms in Mexico are in Process of Acquiring Financial Technology Institute License: Report

During the past few years, the Fintech sector in Mexico has grown steadily to become one of the “most developed” in the Latin American (LatAm) region, according to a report released in January 2021 by the Comisión Nacional Bancaria y de Valores (“National Banking and… Read More

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

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