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weex wallet is now Mibo, here you will have a Mastercard® card instantly in an app that will accompany you in everything you need.
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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 […]
There is one great equalizer for challenger and neo-banks in Mexico
[wd_hustle id=”InArticleOptin” type=”embedd] 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 […]
Mexico’s challenger and neo-banks. Do you know the difference?
[wd_hustle id=”InArticleOptin” type=”embedded”/] 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 […]
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 […]
Mexican challenger bank Fondeadora wraps up US$2.5 million investment
Contxto – IGNIA Partners, LW Investment Management, and angel investors are placing their bets on Mexican challenger bank, Fondeadora, through a recent investment of US$2.5 million. This is the challenger bank’s second investment this year; having already received US$1.5 million for a neat total of around US$4 million in 2019. Fueled with these funds, Fondeadora […]
Mexican weex wallet is now Mibo and the neobank competition is heating up
Contxto – If you can’t stand the heat, get out of the kitchen. Or in the case of Mexican neobank, weex wallet, stay in the kitchen, change your name to Mibo and keep cooking. Following its name change, Mibo plans to launch two credit-related products within the next couple of weeks. Their particular focus will […]