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Oyster is building digital financial services for freelancers, startups and SME’s in Mexico.
Vilash Poovala and Gabriel Leon founded Oyster in September 2018 and are launching the first product in July 2019.
The founding team is bringing together top notch talents coming from various industries and different parts of the world, all passionate about solving the painful process that all entrepreneurs have to go through when opening a business account in Mexico.
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FreshBooks acquires invoicing platform Facturama to grow in Mexico
Contxto – Toronto-based FreshBooks wants to consolidate its presence in one of Latin America’s biggest markets. Through its acquisition of Facturama, the accounting software company hopes to connect with small and medium-sized enterprises (SMEs) in Mexico. The deal was announced on Tuesday (23) and the Facturama team—including its co-founders—will now work under the FreshBooks name. […]
Oyster snags historic seed round to bring financial services to SMEs and freelancers
Contxto – Mother of pearl! Fintech Oyster is raising one of Latin America’s biggest seed rounds yet. Today (10) the startup announced it snagged US$14 million in a round co-led by SV Latam Capital and Monashees. Fintech Collective, Kevin Efrusy, Redpoint eventures, S7 Ventures, and Ulu Ventures also pitched funds. Fintech Oyster adds speed for […]
Oyster doesn’t clam up with latest product
Contxto – Mexican fintech Oyster shelled out its latest product last Monday (4). In partnership with Mastercard, this new debit card was made for small and medium sized enterprises (SMEs) as well as freelancers. Correspondingly, this card is different from others that are consumer-oriented. And that’s because it offers business owners and gig workers discounts […]
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 […]
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. […]
Life after Y Combinator, software startup Belvo tells all
Contxto – Y Combinator’s Demo Day has come and gone. So what’s next for the Latam startups that participated in this coveted accelerator? For Mexican API platform Belvo, life after YC means full-steam ahead in scaling operations and developing its product. As the startup recently told Contxto, thanks to the funding it procured from Y […]
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 […]
Top 11 Mexican startups to watch in 2020
Contxto – Okay yes, there are some big startups in Mexico such as Clip, Konfío, and Grow, but honestly those are way too obvious. Everybody already knows them, so if you’re here to read more about the big guys, I’m afraid you won’t find what you’re looking for. Instead, we plan to offer you an […]