Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
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.
Fairplay provides technology and financing solutions for e-commerce businesses and marketplace sellers in Mexico.
Walmart Mexico announced the acquisition of payments startup Trafalgar to strengthen its digital wallet initiative.
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.