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Mexico’s fintech success: How tech is driving the population to banking

Earlier this month, Citibanamex — Mexico's second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locatio

Nelo joins the BNPL rush, with $20M in new funding and the Mexican market in its sights

Buy now, pay later (BNPL) has been making headlines all over the place this year — from Square’s planned acquisition of Afterpay to Affirm going public. Still, Latin America remains an under-p

Accel, Tiger and Stripe’s COO back Mexico City-based Higo as it raises $23M for its B2B payments platform

Just six months after raising $3.3 million in seed funding, Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. Tiger Global Management also participated

Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B

Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the

With investors like Lightspeed and The Chainsmokers, Mexican neobroker Flink raises $57M to boost financial inclusion in LatAm

Flink, a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. The financing comes just over six months after Flink raised $12 million

Yaydoo secures $20M, aims to simplify B2B collections, payments

It’s no secret that the technology for easy business-to-business payments has not yet caught up to its peer-to-peer counterparts, but Yaydoo thinks it has the answer.

Valoreo raises $30M more to acquire e-commerce brands across LatAm

Just over five months after securing $50 million in debt & equity, Valoreo has closed on a $30 million Series A funding round. Mexico City-based Valoreo aims to invest in, operate and scale e-comm

Meet Super.mx, the Mexico City-based insurtech that raised $7.2M from VCs and unicorn execs

Super.mx, an insurtech startup based in Mexico City, has raised $7.2 million in a Series A round led by ALLVP. Co-founded in 2019 by a trio of former insurance industry executives, Super.mx’s self-p

Yana’s mental health tool for Spanish speakers nears 5 million users

Andrea Campos has struggled with depression since she was eight years old. Over the years, she’s tried all sorts of therapies — from behavioral to pharmacotherapy. In 2017, when Campos was in

Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

Many people in emerging markets depend on informal public transport to move across cities. But while there are ride-hailing and bus-hailing applications in some of these cities, there’s a dire n

99 minutos, Mexico’s last mile delivery startup, raises a $40M Series B

In 2014 Alexis Patjane was at a local hookah bar in Mexico City with some friends and the bar ran out of tobacco. They thought maybe they could buy some online and have it delivered to the bar in real

SoftBank pours up to $150M into GBM, a Mexico City-based investment platform

Grupo Bursátil Mexicano (GBM) is a 35-year-old investment platform in the Mexican stock market. In its first three decades of life, GBM was focused on providing investment services to high net worth

Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services

Belvo, a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. A mix of Silicon Valley and Latin American-based

SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B

Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and

Pomelo raises $9M to build a payments infrastructure for LatAm fintechs

Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. The Buenos Aires-based startup’s new infrastructure aims to allow fint

Led by ex-Amazonians, Acquco raises $160M to buy and scale e-commerce businesses

There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. The latest is Acquco, which aims to stand out from the ot

Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at w

Nelo raises $3M to grow ‘buy now, pay later’ in Mexico

Buy now, pay later is a way of paying for purchases via installment loans that generally have no interest. The concept has grown in popularity in recent years, especially in markets such as the United

Minu, a Mexico City-based, pay-on-demand startup, lands a $14M Series A

Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. One such c

Stori raises $32.5M in a Lightspeed-led Series B to build Mexico’s credit card for the masses

While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant m
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