Chilean Datamart raised $6.3 million in a seed round to expand into Mexico. Moonvalley Capital led the funding.
Nubank's second product in Mexico was well received. Country manager Ivan Canales discusses the market strategy with Fintech Nexus.
Five years since Mexico passed the fintech law, industry leaders call for an overhaul to the current regulation.
Through its platform, Solvento seeks to build a stronger supply chain through reliable, flexible, and easy-to-use financial solutions.
The fintech industry urges the government to expedite the procedure, contending that the current legal framework is impeding growth.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
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.
This acquisition consolidates Yaydoo's position as the largest provider of payment solutions in the Latin American B2B market.
Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.