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Fondeadora is fastest growing challenger bank in Mexico. Their first product is a mobile banking app and an international MasterCard debit card so users can spend, store and move their money seamlessly.
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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 […]
Logistics and Supply Chain Management (SCM) startups from Mexico (beta)
Our ecosystem is on the move and so are our Market Maps. Don’t get caught off guard and sign up for this, and even more, content moving to our upcoming premium platform, New Money: powered by Typeform Contxto – The concept behind what logistics startups in Mexico do may seem easy to glean at first. […]
Fondeadora closes US$14 million Series A to keep at the top of user ratings
Contxto – As someone who recently dealt with a traditional bank’s BS, it’s way too easy to understand why startups are proving to be an interesting alternative for handling financial or banking affairs. And investors know it as well. Today (27), news broke that Gradient Ventures led a Series A for US$14 million in Mexican […]
Fondeadora, Swap, and Propeler on how Covid-19 is changing the fintech game
Contxto – Coronavirus and the subsequent economic slowdown are putting the Mexican economy in a bind. But it’s not all doom and gloom. For fintechs, there are initiatives to help others cope as well as hidden opportunities. And in a recent press release, executives from fintechs Fondeadora, Swap, and Propeler shared their thoughts. Mexico’s Fondeadora […]
Prometeo promises to expand open banking API products to Brazil and Panama
Contxto – Prometeo is bringing its open banking APIs (Application Programming Interfaces) to more fintechs in the region. The startup recently announced it expanded its services into two countries: Brazil and Panama. According to Prometeo’s website, it had already been operating in seven other markets in Latin America: Argentina, Chile, Colombia, Ecuador, Mexico, Peru, and […]
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. […]
Latin American show-stealing startups in Y Combinator’s Winter Batch 2020
Contxto – What’s the difference between a good company and a great company? Mountain View-based accelerator, Y Combinator knows what success looks like. At least, that’s what it seems like when looking at the more than 2,000 companies in its portfolio. I never cease to be amazed by the ventures I see day by day […]
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 […]
The Ultimate Guide to Venture Capital in Mexico [Updated 2020]
Contxto – There is another, less explored, facet of the startup equation. Indeed, no idea gets far without the money to do the walking. This is where venture capitalists (VCs) come in. And as one would expect, Venture Capital in Mexico and the rest of Latin America is no exception. Oft the mighty presences behind […]