Tagged: mexico

October 11, 2021 @ 11:34 am By JD Alois  |  

Crabi, an Insurtech in the auto insurance sector, has raised $4 million in seed funding, according to a release. The funding was led by LatAm VC Kaszek Ventures with participation from Tuesday Capital and Redwood Ventures. Crabi states that there are more than 50 million… Read More

August 27, 2021 @ 11:37 am By Omar Faridi  |  

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

August 19, 2021 @ 6:21 pm By Tony Zerucha  |  

July proved to be a turbulent month for cryptocurrencies in Latin America, the authors of a research note from Blockchain Intelligence Group discovered. While Mexico at one point looked poised to regulate crypto, they instead went in the opposite direction by banning its use by… Read More

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More

August 5, 2021 @ 12:35 pm By Omar Faridi  |  

Clara, the end-to-the-end or comprehensive solution for corporate spend management incorporated a new payment feature to its financial offering, becoming the “most complete” B2B spend control platform in the Mexican market. Through the new product, companies will be able to: Use Clara’s credit line to… Read More

August 3, 2021 @ 6:20 pm By Omar Faridi  |  

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

June 23, 2021 @ 8:10 am By Omar Faridi  |  

Konfio has announced a $125 million Series E round with VEF investing an additional $20 million in the company’s operations. The team at VEF announced on Tuesday (June 22, 2021) a $20 million follow-on investment into Konfio, which is one of Mexico’s leading SME-focused Fintech… Read More

June 18, 2021 @ 1:42 pm By Omar Faridi  |  

Mexico-based Fintech firm Credijusto, an SME lending solution provider, has confirmed its acquisition of a local banking provider, Banco Finterra which focuses on offering financing solutions for small businesses and the country’s agriculture industry. Credijusto acquired the regulated banking institution in a deal valued at… Read More

June 16, 2021 @ 12:38 pm By Omar Faridi  |  

Mexico-based Clip, a digital payments and commerce Fintech, revealed on Tuesday (June 15, 2021) that it has acquired $250 million in capital via a round led by the SoftBank Latin America Fund and Viking Global Investors LP. Clip‘s latest investment round is the largest ever… Read More

June 10, 2021 @ 9:17 pm By Omar Faridi  |  

Singapore-headquartered Fintech firm BondEvalue has secured $6 million in capital through its Series A round. The company has raised $10 million in total (to date). MassMutual Ventures Southeast Asia and Citigroup were the new investors in BondEvalue’s latest investment round and are now expected to… Read More

June 9, 2021 @ 4:59 pm By Omar Faridi  |  

Brazil-based banking challenger Nubank recently revealed that it has secured a total of $750 million in capital as part of two extensions of its latest Series G round. The Fintech firm reports raising $1.15 billion in total. During Nubank‘s first extension, the banking challenger acquired… Read More

May 17, 2021 @ 7:38 am By Omar Faridi  |  

Yusef Jacobs, the 28-year-old Founder and Chief Executive at Graviti, aims to transform microfinance by allowing consumers to gain access to essential appliances. Jacobs believes that people who might not have a lot of funds will still pay for items they really need. Jacobs has… Read More

May 5, 2021 @ 9:26 am By Samantha Hurst  |  

  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

May 1, 2021 @ 10:27 am By Omar Faridi  |  

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

April 21, 2021 @ 10:10 am By Samantha Hurst  |  

    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

April 10, 2021 @ 2:27 pm By Omar Faridi  |  

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

April 9, 2021 @ 6:55 pm By Omar Faridi  |  

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

April 9, 2021 @ 1:37 pm By Samantha Hurst  |  

    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

March 28, 2021 @ 10:55 pm By Samantha Hurst  |  

  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

March 25, 2021 @ 2:14 pm By Samantha Hurst  |  

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