Klar

Contxto – Santander InnoVentures, the investment arm of Spanish bank Santander, is undergoing some serious innovations of its own.  On Friday (11), it announced that it’s re-branded into Mouro Capital. Furthermore, it’s not just a matter of name-changing. It’s also shaking up the way it will approach entrepreneurs and funding in general. And to kick […]

Contxto – There have been quite a few examples of startups dishing out credit cards for individual consumers. Although this time around it’s a different ecosystem player that’s helping founders foot the bill without using their own pocket money. Rockstart, an accelerator with offices in Colombia, will release a credit card for startups. The minds […]

Contxto – Santander Bank’s corporate venture capital (VC) arm, Santander InnoVentures led a US$5 million investment in Brazilian fintech a55. Yes, yet again there’s a loaning startup that’s raised capital. But a55 has a very specific market and a different approach when it comes time to charge borrowers. A55’s got its eye on SaaS streams   […]

Contxto – Funding may be tight within the current Covid-19 context, but some startups are still closing equity deals. This is fintech ADDI’s case. Yesterday (21), the loaning startup announced it received a capital injection for US$15 million in an investment round led by Quona Capital. Other contributors include Foundation Capital, S7 Ventures, as well […]

Contxto – Mexican challenger bank Klar is buddying up with US-based fintech, API, and payments platform, Galileo. This is another step in the latter’s expansion into Mexico. In February of this year, it had opened its offices in the capital. Moreover, consumer financial services platform SoFi acquired Galileo for US$1.2 billion last month.  Despite all […]

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. […]

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 […]

Contxto – You’ve probably heard of Quona Capital when we talked about the historic mark of US$57.5 million seed equity and debt round that Klar set back in November of last year. Additionally to leading this unprecedented round in Latin America, Quona Capital also participated in Contabilizei’s Series C, Kovi’s Series A, and Neon’s Series […]

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 […]

Contxto – To think that investment rounds are indelible would be a grave mistake, one made apparent by one of Mexico’s leading neobanks, Albo. Simply consider what began as a US$7.4 million Series A last January that has now grown to US$26.4 million in a recent extension. Not intending to slow down anytime soon, we […]