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SoftBank-backed Ualá makes international debut with Mexico
Contxto – For the first time ever, Ualá is scaling beyond its native Argentina. Rumors floated around last week that the fintech would launch into Colombia, but alas that wasn’t the case. Today (29), Ualá announced it’s expanding into Mexico. “We launched Ualá in Argentina three years ago with the purpose of making personal finances […]
10 lessons for fintech in a post-Covid world
Contxto – What’s the post-Covid world going to be like? That’s that question on founders’ and investors’ minds alike. The answer still isn’t entirely clear, as practically all countries in Latin America are still grappling with the pandemic’s effects on their healthcare systems and population. The only thing that’s really certain is that the world […]
Covid-19 is teaching banks to go digital or go home
Contxto – Traditional, brick-and-mortar businesses aren’t the only ones paying the cost of refraining from going digital. Coronavirus (Covid-19) is also teaching banks that there’s a high cost to relying on physical branches to keep in touch with their customers. Some banks had already launched their apps long before the bug broke out. But, at […]
There is one great equalizer for challenger and neo-banks in Mexico
Today we had our Morning Coffee with Sam Garcia, Senior Associate at Amplo—a venture fund Contxto – It is estimated that 42 million Mexicans are unbanked and that millions more are “underbanked”, meaning that they have a bank but it does not offer mobile services, or are just generally unhappy with their current banking situation. […]
Fintechs have a role to play in helping users stay home
Contxto – Circumstances beyond our control can push us out of our comfort zone, or in this case, out of the cash zone. As individuals across Latam suddenly find that using a nearby ATM and even handling physical money can pose a threat to their health, digital solutions suddenly have a new appeal. Likewise, for […]
Mexico’s challenger and neo-banks. Do you know the difference?
Contxto – I’ll confess I didn’t until quite recently. And I don’t blame you if you’re not exactly clear as to the difference between a neo- and a challenger bank is. Often the terms are used interchangeably. We thought we’d help to clarify a bit by rounding up these cream of Mexico fintech in a […]
Mexico’s Stori is the latest neobank to cash-in, US$10 million in Series A2
Contxto – It’s that time of the year again! Another Mexican neobank has raised funding. According to a PR Newswire press release, Mexican mobile-only neobank, Stori, has concluded a US$10 million Series A2 round. A2? I swear I thought that was either an Audi or a steak sauce. Anyways, moving on. The investment was co-led […]
Scoop: Cuenca the fintech for financial inclusion closed investment for US$7.4 million
Contxto – Mexican fintech Cuenca is closing the year on a very positive note. In a recent exclusive interview with Founder and CEO, Matin Tamizi, it was revealed that the startup raised a Series A investment for US$7.4 million last November. Stripe, the giant developer of payment APIs, led the round. Note that this was […]
7 Artificial Intelligence Startups You Never Knew Came From Ecuador
Contxto – Nestled in the Andes and straddling its namesake equator, Ecuador is a land of many hidden treasures. While the country famous for its biodiversity and snow-capped volcanos underwent a data breach this past September, there are various Ecuadorian startups developing AI solutions to not only streamline cybersecurity but also improve overall business transactions. Take […]