This acquisition consolidates Yaydoo's position as the largest provider of payment solutions in the Latin American B2B market.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
The company converts spaces into easily accessible offices for startups and SMEs. It will seek to grow by five times, reach more cities in Mexico and expand into Brazil.
The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
The fintech company will use the financing to boost its Mexican operation and accelerate its expansion in the region.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
The bill is aimed at cracking down on illegal activity around cryptocurrencies and also reduce operational risk for fintech companies; the central bank will be responsible for the new regulations if they are signed into law; the proposed law also encourages open banking through APIs although other details are not known until the secondary laws are unveiled by regulators; Mexico is currently a fast growing market for fintech according to recent data from Deloitte. Source