geo/mexico
Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd. The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according to Da
In one of largest seed rounds in Mexico´s history, Fintech minu has raised $6.5 million from investors like Village Global as well as multiple angel investors. Village Global is the impact fund backed by big names like Bill Gates, Mark Zuckerberg and Jeff Bezos.
News via Crowdfundinsider.
Mexico-based fintech Credijusto, which offers asset-backed loans and equipment leases to small and medium-sized enterprises (SMEs), announced today that it has raised a $42 million Series B financing round led by Goldman Sachs PSI.
News via Reuters.
FINNOSUMMIT has positioned itself as the largest collaboration platform in the sector in Latin America in which recognized entrepreneurs, financial services innovators, executives of financial institutions and the most influential investors internationally, meet to take risks and share information. In this way, the event offers the ideal environment for networking that the industry needs, through which the audience achieves innovation rates that will make them winners of finance and digital and inclusive insurance for the next 20 years.
The SME Ministerial Conference will offer an opportunity for Ministers and delegations from OECD countries and emerging economies to discuss recent trends in SME policies and how small businesses can become a vehicle of inclusive growth.
The Ministerial meeting will discuss how to strengthen SMEs and entrepreneurship for productivity and inclusive growth. It will be organised around the three main themes below.
To spur rural development, Mexico’s government and its Rural Financial Development Finance Institution (FND, Financiera Nacional de Desarrollo) approached the World Bank Group to help expand credit into the rural economy. FND works to strengthen local rural financial institutions to expand financial access to farmers and businesses and to encourage private investment in rural areas.
The leading Fintech event of Latin America comes back to Mexico on 19-20SEPT!
FINNOSUMMIT in Mexico City is warming up for its fourth edition. This not-to-miss event for the passionates of the Fintech sector will take place the following September 19th and 20th in the Centro Cultural Roberto Cantoral. FINNOSUMMIT wants to transmit to the around 1000 attendees how the acceleration of innovation within the financial industry is fostering exponential behaviours due to the outbreak of Fintech startups and the use of disruptive technologies.
Mexico, the fifteenth largest economy in the world, runs on cash. Despite the rise of electronic banking and alternate forms of payment in the past 15 years, nearly 90 percent of consumer transactions in Mexico are still paid using cash. The popularity of the age-old payment method is, in fact, so high that Mexicans have a higher propensity for cash than any other country in North America.
With the clear goal to drive financial inclusion and service more sectors, Bankaool received in 2013 the approval of the Comisión Nacional Bancaria y de Valores of Mexico (CNBV) to become a Multiservice bank; in 2014, Bankaool launched an innovative digital platform to begin marketing the first 100% digital bank accounts one year later, thus succeeding in the supply of on-demand (on your terms, anytime, anywhere) services.
