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.
Apple Pay goes live in Mexico as issuer-processor Paymentology partners with Fondeadora to expand payments in the North American country.
Chilean Datamart raised $6.3 million in a seed round to expand into Mexico. Moonvalley Capital led the funding.
Episode two sees Isabelle Castro and David Poritz talking about the challenges of financial inclusion in Mexico and Covalto's approach.
Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.
Mexican fintech Cometa raised $5 million in a seed round to cater financial services to education institutions in Mexico.
In two years, Spin has quickly carved out a place of itself as one of the most relevant fintech players in Mexico.
Five years since Mexico passed the fintech law, industry leaders call for an overhaul to the current regulation.
The Mexican operation represents Nubank's second-largest market and is seen as a strategic target in the company's internationalization plan.