Fairplay provides technology and financing solutions for e-commerce businesses and marketplace sellers in Mexico.
Episode two sees Isabelle Castro and David Poritz talking about the challenges of financial inclusion in Mexico and Covalto's approach.
Fintech unicorn Ualá finally obtained a banking license in Mexico, clearing the way for the neobank to aggressively expand its product suite.
Nubank's second product in Mexico was well received. Country manager Ivan Canales discusses the market strategy with Fintech Nexus.
The bill is aimed at cracking down on illegal activity around cryptocurrencies and also reduce operational risk for fintech companies; the central bank will be responsible for the new regulations if they are signed into law; the proposed law also encourages open banking through APIs although other details are not known until the secondary laws are unveiled by regulators; Mexico is currently a fast growing market for fintech according to recent data from Deloitte. Source
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
The Mexican operation represents Nubank's second-largest market and is seen as a strategic target in the company's internationalization plan.
Mexican fintech Cometa raised $5 million in a seed round to cater financial services to education institutions in Mexico.