Tagged: mexico

October 20, 2025 @ 2:16 pm By Omar Faridi  |  

Nu Asset Management, Nubank’s (NYSE: NU) investment manager, is introducing the Nu CDI Tesouro Selic B3 (NCDI11), a new fixed income ETF. The solution enables investors to access Letras Financeiras do Tesouro (LFT) – Selic-linked government bonds – tracking the performance of these securities over… Read More

October 15, 2025 @ 10:41 am By Tony Zerucha  |  

RedotPay, a stablecoin payments firm, this week announced an expansion of its integration with Circle Payments Network. RedotPay introduces “Send Crypto, Receive MXN”, designed to provide a nearly instant and more cost-effective payment solution for Mexico, one of the world’s largest payment corridors. This new… Read More

September 28, 2025 @ 4:14 pm By Omar Faridi  |  

Deepening investment in Latin America, Kraken are rolling out local currency funding in Argentina and Mexico, two of the region’s most active crypto markets. This expansion reflects their “ongoing commitment to building trusted, compliant and localized infrastructure to support crypto adoption across the globe.” With… Read More

September 9, 2025 @ 7:03 pm By Omar Faridi  |  

Fintech firm Klar has taken a step toward securing a banking license by acquiring Bineo, the digital banking arm of Grupo Financiero Banorte. This strategic acquisition positions Klar as a key player in the race to expand financial services in a country where traditional banking… Read More

September 4, 2025 @ 4:50 pm By Omar Faridi  |  

Ernst & Young LLP (EY) announced the establishment of a new Databricks Center of Excellence in Mexico City, Mexico, underscoring its commitment to advanced data analytics and artificial intelligence. This investment expands the firm’s current US-based Databricks Center of Excellence to Mexico for “nearshore global… Read More

September 4, 2025 @ 2:47 am By Omar Faridi  |  

Digital assets firm Binance has unveiled Medá, a new Fintech entity in Mexico, marking a significant step in its Latin American expansion. Backed by a $53 million investment over the next four years, Medá is set to transform the financial ecosystem by offering cost-effective digital… Read More

August 28, 2025 @ 3:02 pm By JD Alois  |  

Bitso, a Latin American crypto exchange, has expanded its B2B business, into Peru and Chile, according to a release. Bitso, based in Mexico, said Bitso Business will offer services in those two countries including FXaaS and Pay with Bitso, to enable cross-border and local payments…. Read More

August 27, 2025 @ 3:38 pm By JD Alois  |  

Bitso says that stablecoin adoption in institutional payments more than doubled between H2 2024 and H1 2025, with gaming and payment service providers leading growth. Bitso Business, the B2B arm of Bitso, provided the information in a report entitled “Stablecoins Landscape in Latin America.” The report… Read More

August 21, 2025 @ 3:21 pm By JD Alois  |  

Bitso, a Latin American crypto exchange, is planning to expand its services into the United States. As the regulatory environment for digital assets improves in North America, Bitso intends to capitalize on this shift by offering services in the US. According to a note from… Read More

August 11, 2025 @ 9:26 am By JD Alois  |  

Finsus is acquiring Mexico-based Fintech Anticipa, according to a company statement. Terms of the deal were not made available. Finsus aims to become Mexico’s first neobank, providing access to credit which currently holds limited availability in the jurisdiction. Anticipa is a merchant cash advance platform… Read More

August 1, 2025 @ 2:47 pm By Omar Faridi  |  

Remitly, a digital remittance provider, has reportedly introduced QR code-based cash pickups in Mexico. Announced recently, this feature, now available at Elektra and Banco Azteca locations across the country, marks a step forward in simplifying and securing the remittance process for millions of users. By… Read More

July 17, 2025 @ 5:00 pm By Omar Faridi  |  

Pacaso, the technology-enabled real estate marketplace for co-owned luxury vacation homes, continues to focus on second-home ownership with its recent expansion into Mexico, steady financial results, and an investment opportunity for individual investors. Founded in 2020 by former Zillow executives Austin Allison and Spencer Rascoff,… Read More

July 7, 2025 @ 7:18 am By Omar Faridi  |  

In a boost to Mexico’s Fintech sector, Klar, a Mexico City-based digital bank, has raised $190 million in a Series C funding round, achieving a valuation exceeding $800 million. The funding round was led by US private equity firm General Atlantic, described as a pivotal… Read More

June 19, 2025 @ 3:53 pm By Omar Faridi  |  

Openbank, Grupo Santander’s fully digital bank, announced today that it has reached 110,000 customers in Mexico in less than four months. Since landing on Mexican shores in February, Openbank has grown strongly, which confirms “that more Mexicans are seeking digital financial solutions that fit their… Read More

June 6, 2025 @ 1:26 pm By JD Alois  |  

Mexican Insurtech Crabi has raised $13.6 million in a funding round led by Kaszek and Ignia. Other investors include 30N, Redwood, Carao, Azuro, Newtopia, and certain unnamed insiders. Crabi is pursuing an insurance model for Autos, which is said to be AI-driven. Crabi noted that… Read More

May 6, 2025 @ 11:29 am By JD Alois  |  

Latin American crypto firm Bitso has posted the list of participants in its global stablecoin startup accelerator, Push. Bitso said that over 300 companies applied to participate in the accelerator, with nine being approved as the first group in the Push Stablecoin Startup Accelerator. The… Read More

March 26, 2025 @ 11:23 am By JD Alois  |  

Bitso Business, a part of Bitso that aims to provide infrastructure for other digital asset firms, says it has launched a new subsidiary called Juno. Juno aims to support the issuance and management of digital assets. Bitso did not clarify if these digital assets included… Read More

March 24, 2025 @ 4:52 pm By Omar Faridi  |  

Latin American fintech Ualá has raised an additional $66 million in a second close of its Series E funding round, bringing the total to $366 million. This extension saw participation from TelevisaUnivision, alongside earlier investors like Allianz X, Stone Ridge Holdings Group, Pershing Square Foundation,… Read More

March 20, 2025 @ 8:45 pm By Omar Faridi  |  

Tala, the global financial infrastructure company claiming to deliver accessible financial services, is pleased to announce the closing of a $150 million debt facility with Neuberger Berman, a global investment management firm. This facility will support the company’s rapidly growing business in Mexico. Tala intends… Read More

March 12, 2025 @ 9:25 pm By Omar Faridi  |  

Prometeo, a Fintech infrastructure company connecting corporations with financial institutions in Latin America and the US, announced the launch of its Borderless Banking offering to support business-to-business (B2B) financial operations between the US and LatAm markets. This product integrates with the banking infrastructure in the… Read More