Santander InnoVentures has led a $5 million round in the SME lender a55; a55 currently lends in both Brazil and...
Mexican fintech Cometa raised $5 million in a seed round to cater financial services to education institutions in Mexico.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
The fintech industry urges the government to expedite the procedure, contending that the current legal framework is impeding growth.
Credijusto, a leading Mexican small business fintech paid $50 million to buy Banco Finterra in June. Co-CEO David Poritz wrapped day one of the LendIt LatAm keynote section, discussing what it was like as the only neobank holding a banking license in Mexico.
Marketplace lending loan servicer First Associates has announced the opening of a new operations center; the operations center is located in Baja California, Mexico with capacity for 1,000 seats; in comments regarding the announcement, First Associates CEO David Johnson said: "We couldn’t be more excited about our new Baja facility. We are able to deliver the same outstanding quality and service as our San Diego operations center, offer an economically advantageous option to our clients and provide significant opportunities in a developing business community that is an important part of the greater San Diego/Tijuana metro area." Source
Nubank's second product in Mexico was well received. Country manager Ivan Canales discusses the market strategy with Fintech Nexus.
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.