This article showcases our top picks for the best Mexico based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Mexico Fintech (Financial Technology) Companies
Flink is a consumer trading platform that allows its users to save, spend, and invest their money. Founded in 2017 in Mexico City, it is a fintech company that intends to put the new funding to work improving its product, infrastructure, and security, as well as building a team to address scale.
Flink launched its first brokerage product in June 2020 and now has more than 1 million users and 800,000 brokerage accounts, with 90 percent of users being first-time traders.. .
Bitso is Mexico’s first Bitcoin exchange, offering a platform for trading of Bitcoin with Mexican Peso. Bitso offers the highest level of professionalism and security to Bitcoin trading and can be accessed directly at bitso.com.
Bitso exchange operates like a traditional currency exchange with a central limit order book.. .
Mozper is a developer of a debit card and app designed for kids and parents in Latin America. Its application enables parents to give their kids an allowance and set spending rules so they can’t blow it all on video games, it also allows them to assign chores, and track savings goals, thereby, enabling its users to let their children get a hands-on, real-world financial education appropriate for the digital era.
The company was founded in 2019 and is headquartered in Mexico City.. .
albo is the leading mexican challenger bank which helps you manage your money, and it can adapt to your lifestyle bringing you an honest service that cares about you. albo offers you a mobile banking app, a banking account, and a Mastercard card, allowing you to easily spend, save and invest your money.
You can open your account in 60 seconds from your phone, having at your disposal personalized financing tools to help assist you in making better financial decisions. You can also be able to make free money transfers to whichever bank 24/7.
albo includes many other innovating functions besides the ones mentioned above.. .
Klar is a FinTech challenger bank that provides deposit and credit services for Mexican customers. Using the Klar card rewards users with cash of up to 4% cashback for each purchase, not points without confusing conversions or expiration dates.
Clients can also send and receive payments and collections money instantly to Klar accounts and other banks. The Klar card is linked to an app where users can see all their movements in real-time.
Stefan Moller, Daniel Autrique, Jeronimo Riefkohl, and Gianluigi Davassi established the company in Mexico City, Distrito Federal in 2018.. .
AlphaCredit provides fast, cheap credit lines to individuals and small companies via a programmed deduction system, which has low default rates thus allowing for low-interest rates. AlphaCredit is one of the fastest-growing FinTech companies in Latin America.
AlphaCredit has more than 1,200 employees and operations in Mexico and Colombia. We have granted more than 514,000 credits to more than 310,000 clients.
Our products, distributed through mobile applications, include consumer credit for public and private employees, pensioners and / or independent contractors, as well as financial solutions for SMEs (factoring, leasing and productive credits). We have an area of innovation and exceptional technological development, focused on financial services..
Fondeadora is a provider of digital banking services used to eliminate the inefficiencies related to the traditional banking system. The company offers a completely free debit card linked to a powerful app to save, use, and manage money.
Its first product is a mobile app and an international MasterCard debit card where anyone can pay, store, and distribute money without complications. Fondeadora was founded in 2018 and is headquartered in Mexico City, Mexico..
Coru (f.k.a. ComparaGuru.com) is a financial management platform enabling financial progress in Mexico.
By employing the power of machine learning and artificial intelligence, Coru intelligently matches people to their right financial product, powerfully removing the complexity of making the right choice.. .
In minu, we are revolutionizing the financial health of Mexican employees, offering them access to their already worked salary when they need it, instead of having to wait for payroll. We work with HR areas of companies that offer the provision of minu to improve satisfaction, retention, and attraction of talent.
minu is supported by FinTech’s leading institutional investors globally, including QED.. .
Sr.Pago is a mobile point of sale (MPOS) system that enables individuals and small businesses to receive card payments via smartphones and tablets. It enables users to have access to banking-related services via a chip-based debit card, a card reader that connects to any smartphone or tablet, and an app for managing transactions.
The MPOS system enables its users to accept credit card payment for the services they render, transfer that money to a reloadable MasterCard debit card, and make purchases with those funds anywhere MasterCard is accepted, and a withdraw cash from any Walmart-affiliated location in Mexico. It is available for iPods, iPads, and iPhones as well as Android platforms.
Sr.Pago was launched in 2010 and its operations are based in Mexico City, Distrito Federal.. .
ePesos provides affordable payroll advances. With ePesos, employees are able to access funds instantly, alleviating financial stress.
Companies can offer this employee benefit at no cost and enjoy stronger employee retention and performance in return.. .
Kubo.financiero is the only 100% digital regulated finance company in Mexico. It offers savings accounts, personal loans and term deposits to its clients.
Kubo’s lean model allows for lower interest rates for borrowers and higher return rates for depositors and investors. Its innovative model and strategic approach aim to encourage a “multiplier effect” to generate and strengthen Mexico’s emerging middle class through customer-centered financial services..
Resuelve tu Deuda
Resuelve tu Deuda was founded by Javier Velasquez and Juan Pablo Zorrilla, who found a new alternative to solve the problem of over-indebtedness in Mexico. The idea was born while they were pursuing a master’s degree in business at Stanford University (California, USA) and after several months of hard work in September 2009 they began their operations to become the first credit repair company in Mexico.
Resuelve emerges as a company capable of resolving the unpayable debts of thousands of Mexicans who were victims of over-indebtedness registered between the years 2002 to 2009. In Resuelve we understand the great need of Mexicans to have a reliable advisor to help them solve their financial problems .
At the same time, we are able to repair the past due loans of banks, which has suffered a great deterioration in recent years.. .
Our Mission: Empowering enterprises with data and insights to support critical financing and trade decisioning associated to private companies. Our Vision: Building the most reliable, dynamic and complete Enterprise Health Bureau in e-invoicing countries We are VC backed by Bluerun Ventures, Finrebel, Mission Gate, Leap Global, IGNIA, Amex Ventures, ALL VP, 500 Startups, Mexamerica Capital & Vincus.
Operating in Mexico and Brazil.. .
Fairplay is a performance-based financing platform that supports and helps e-Commerce companies to grow by advancing revenue for marketing spend. It offers funding in exchange for a steady share of revenues until the capital is paid back plus a flat fee.
Fairplay was founded in 2019 and is headquartered in Mexico City.. .
Fundary is a Fintech company based in a crowdlending model that empowers SME by giving access to fair credit and offering investors interest rates 3 to 4 times higher than the traditional financial sector. All the on boarding process for borrowers and lenders is 100% online.
The credit scoring and companies classification is conducted also online through a 19 variable algorithm. We are committed to “change the financial reality” mainly for the 600 million underbanked in Latam..
Creze is a financial services company that uses technology to facilitate and make the process of risk assessment and management more efficient. Creze provides unsecured loans to Mexican companies seeking to grow and improve the management of their working capital.
Creze pay you the amount you want, the day you want, they analyze your request in the shortest possible time and they send you a proposal based on your requirements.. .
Enso is building a digital bank in Mexico. Its first product, launched in May 2019, is a wallet that allows peer-to-peer money transfers with no transaction fees involved.
The company was founded in June 2018 and since then, has been focusing efforts to provide the best Mexican financial services. In February 2020, the company launched a no-fee savings account linked to a debit card that allows customers to spend and withdrawal money anywhere they like.
To date, Enso has committed capital from private investors.. .
Kapital SmartBank provides Mexican small and medium businesses and their employees with next generation mobile banking and financial services in smart banking. Its line of products include online loans directly through its website and money ready in client’s account in seconds, online payroll systems to send paychecks to employees with one click, and accounts receivables accounting displayed in an easy-to-use and 100% secure web and mobile dashboard, so that its clients can see and have control of all their finances in one single place.
Its loans, payroll cards for employees, and corporate expenses cards have the support of Visa® and Mastercard® international technology.. .
Laudex is a financial services company based in Mexico that promotes social development by lending to non traditional sectors. Laudex specializes in providing student loans, to finance tuition at top Universities, both within Mexico and Internationally.
Laudex backs talented students so that they can receive the best education possible.. .
Delt.ai develops an AI-powered platform that manages finances from transactions to records. Delt.ai provides a financial digital dashboard with banking muscle.
The dashboard becomes a one-stop for all financial needs: payments, deposits, credit card issuance and control, invoice management, and financial metrics. Additionally, its AI-engine becomes a 24-hr assistant tailored to business needs..
Konfio provides digital banking and software tools designed to boost small and mid-size enterprise’s growth and productivity. It offers working capital loans, a corporate credit card, a loyalty program, and business productivity software tools.
The company was founded in 2013 by David Arana and Francisco Padilla and is headquartered in Mexico City.. .
Flux enables QR-Code payments at existing payment terminals with a plug-n-play device. Flux has developed a bar-code reader that scans QR-codes from any phone and transmits the payment credentials in the QR to the terminal as an electro-magnetic signal that the terminal receives as if a card was swiped.
The company was founded in 2018 and headquartered in Maine, United States.. .
Quotanda is a lending as a service (LaaS) platform providing a suite of student loan services. Quotanda technology enables organizations (lenders, schools, institutions, foundations and communities) to quickly introduce affordable education loan programs in any country and currency in a matter of days without the need to hire additional resources.
Quotanda technology and staff take care of all aspects of partners’ online lending programs, including: program set-up, marketing, compliance, origination, automated credit decisions, loan disbursement, extended servicing (collecting interest and principal), and default management.. .
Credijusto provides an online lending platform designed to offer easy, reliable, and transparent credit for SMEs. Its platform offers credit models that are focused on the health of each business, focusing on overall performance, rather than considering only the owner’s personal credit history, enabling small businesses to obtain accessible credits in a fraction of the time and effort and grow their business.
The company’s credit models are focused on the health of each business, focusing on overall performance, rather than considering only the owner’s personal credit history. The company was founded in 2015 and is based in Mexico City..
Charge or pay everything, anywhere and anyone with your phone. Our technology allows merchants to charge in a simple and safe way with a cellphone or computer.
They don’t need additional devices (POS, mPOS) like apple pay, samsung pay, google pay. Only download our app or integrate our API and thats it..
Problem: . In México 65% of small businesses disappear within 2 years of founding due to inadequate fiscal administration.
Solution/ Product . Facturama, online platform to help professionals and microenterprises maintain better control of their finances through electronic invoice management and other organizational services.
Market . According to SAT (Mexican Tax Administration Service), the electronic invoice market is worth about $3 billion dollars annually and Forbes reported 250% growth from 2013 – 2014 due to the government mandate that all invoices must be delivered electronically.
There are more than 36 million taxpayers in Mexico.. .
Graviti offers you the products you need the most, financed for months. No credit or debit card, no initial payment, no arrears, and with your credit approved immediately.
Graviti wants to make sure every family in LATAM is able to buy basic appliances for the home by offering fair and accessible financing to acquire them.. .
MiMoni is an online platform that provides its users with personal loans. It allows its users to apply for loans by filling and submitting an online application, and uploading the required documents.
MiMoni analyzes submitted loan requests and approves them, enabling its users to get access to benefits provided by the platform. Users who get memberships are able to ask for loans whenever they need and when they have settled their previous loans.
It allows its users to make biweekly payments based on the amounts they have received as loans at authorized places such as Oxxo, Bancomer, Banamex, and Banorte.. .
MangoLife is a provider of life, retirement, education, and health insurance to protect an individual and his family against the fundamental risks of life. The company uses technology to streamline every interaction clients have with their insurance and the contracting process, avoiding unnecessary paperwork and confusing coverage that other insurers offer.
MangoLife was established in 2017 and is headquartered in Leon, Guanajuato.. .
Factoro converts account receivable into cash flow and account payable into income. Factoro simplifies the administration of a company with a tool that offers all the information necessary to drive the growth of a business.
It classifies bank transactions and enables the reconciliation of payments by linking invoices issued with the deposits and transfers received. The company was founded in 2018 and based in Monterrey, Nuevo Leon, Mexico..
Übank is an automatic, rule-based savings app that turns your everyday habits and favorite apps into automatic savings. We use behavioral economics interventions to simplify the saving decision process and close the intention-action saving gap.
We also offer BlackBox, our saving API that helps banks and financial services customer to automatically save, no matter where they are.. .
Mesada enables Latin American and Hispanic migrant communities to send immediate, low-cost, and convenient remittances. Mesada uses digital assets rails to efficiently move funds cross-border.
Mesada is currently a customer-centric remittance company, however, Mesada aims to provide a wide range of DeFi-based financial services to the Latin American underbanked population.. .
Verqor is a platform that disrupts the agricultural sector with finances and technology. We give farmers access to cashless credits that can be used for purchasing supplies and technology, everything through our platform.
Verqor uses an alternative data-driven credit scoring criteria, for reaching financial inclusion and technifying the fields.. .
Addika is a software for individuals and families with substantial net worth, that allows them to integrate, control, protect and get day to day reports on their wealth information. It is a tailor made designed platform for asset allocation, control and protection.
Our clients are able to control, consolidate, report, structure, give personalized access and keep safe their wealth information. They can keep track of their assets, financial investments, real estate, passion assets among others.
They can create personalized access to specific assets for their advisers or even family members. They protect their information.
Addika uses modern security systems and encryption. Our clients structure their legacy..
They are a Mexican company that seeks to give credit in a more economical and accessible way through technology. They are backed by Mexican entrepreneurs committed to the development of the financial sector in the new digital world.
They were born with the objective of providing fast and cheap credit opportunities, so you can refinance your bank debt, meet your goals or improve your quality of life.. .
Volabit is a developer of a cryptocurrency trading platform. Volabit allows cash-based online payments through its mobile wallet as well as faster and cheaper international transfers.
Volabit is financially empowering people through the use of Bitcoin.. .
RentDis allows you to search, find, rent, earn and enjoy. We are a platform that connects people for sharing not only goods but experiences.
You want to try the new electric bike, before you buy it, rent it. You need a tent and a sleeping bag? Definitely rent it.
We have competition, but what makes us unique is that we are a community, so we truly know our clients. We also have different mechanisms, because who wants to lend their stuff to strangers?? We have a proprietor credit score, we are designing a p2p insurance, we use smart contracts to close secure deals and we have a token, making the payment experience cheaper and easier..
Prometeo is a developer of an open banking platform used to communicate with financial institutions. Its platform offers standardized APIs, educational tool, and money transfer applications which uses PSD2 and open banking that allows interoperating, thus enabling the user to understand the financial behavior and improve their money management.
It was established in 2018 and is headquartered in Mexico City.. .
MoneyMenttor is a web based personal finance management app that gives you personal financial advise using a Financial Scores Technology, which consists of an algorithm that analyzes consumer behaviors, savings capacities, debt management and qualifies you in the areas of debt, saving and spending, also giving financial advice in particular, all automatically. In MoneyMenttor you can link your bank accounts and see all your financial information in one place.
So you don’t have to enter your information manually. MoneyMenttor does all the work of organizing and categorizing your spending for you.
See where your money goes and make financial decisions you feel good about. The company claims they use bank level security and all data is protected and validated by VeriSign..
Cacao es la primer empresa en el mundo en crear el concepto Fintech as a Service. Agregando a la oferta de valor una licencia para regular a todos los clientes que no lo estén.
Un modelo único, que ofrece a una fracción del costo una solución total para emisión de cuentas y medios de pago.. .
Monific is a crowdfunding platform focused on financing real estate tourism sector projects in Mexico. Clients invest from $ 1,000 MXN in hotels and departments generating estimated annual earning of 13.6%.
Fintech with request for CNBV authorization.. .
Promecap Capital de Desarrollo, S.A. de C.V.
is the private equity and mezzanine investment arm of Promecap, S.A. de C.V.
specializing in middle market, buyout, and special situation investments, financing and restructuring of medium-sized companies. The firm prefers to invest between MX$90 million ($7.62 million) and MX$1000 million ($84.71 million) in equity and debt per transaction.
It prefers to invest in distressed companies in Mexico. Promecap Capital de Desarrollo, S.A.
de C.V. was founded in 1997 and is based in Mexico City, Mexico..
APIs that matter. We help companies find the best APIs and manage them all under one dashboard and also help developers and fintechs to sell their own APIs through our Marketplace.
SCORCE lets you connect and manage all of our APIs in a single dashboard with only one integration and API Key. The company is based in Puebla, Mexico..
Credilikeme sells short term loans online to millenials. Using gamification and social networking to encourage users to engage in responsible payback behavior.
Credilikeme offers competitive rates which lower as users complete loans on time.. .
OCapital is a Mexican peer-to-peer lending marketplace that connects non bank lenders from the one side, and investors all across Mexico from the other side. In other words, it is an online marketplace that provides retail investors with an easy and transparent way to invest in loans.
Lending companies independently select their borrowers, issue loans, and offer these loans on OCapital. Further on, investors can select from the pool of loans listed, and invest in ones meeting their requirements.
OCapital’s business model provides access to “crowd capital” for the lenders, and makes secure investing simple and accessible for investors!. .
Bancompara is a financial advisory platform and Mexico’s top digital mortgage allocator. Through the use of data, tools, and knowledge, Bancompara aims to empower customers to make better financial decisions.
Among Bancompara’s tools, the following are core to its offering: Mortgage comparison tool – Most sophisticated in Mexico with live and exact quotes using 12,000+ variables, Pre-approval tool – Connected with the Mexican credit bureaus to perform risk assessment and determine loan options, Crediscore® – dashboard that provides users access to their credit score and personalized recommendations regarding their financial health, Self-service mortgage process – Intuitive UI/UX and automated support in every step, Internal CRM – to satisfy our specific operational needs. .
We are a cybersecurity application provider, with a focus on proactive security trough security by design. We understand the logic of the business and exploit it to find the most critical vulnerabilities, solving the causes from the root.
Our White Hat Hackers are backed with + 10 years of experience penetrating companies and implementing DevSecOps, from a FinTech to a traditional company. We help companies to see Cybersecurity as a strategic investment and not as an expense, all of this at an attractive and accessible cost for any company.
#CyberSecFirst Our goal: restore digital privacy and security to our society.. .
CuentasOK is the number one online solution in Mexico for business administrative management. The only financial platform with direct connection with an online bank.
Our core services are wage dispersion, automated account collection processes. and retrievement of electronic invoices directly from the SAT (Mexico’s fiscal authority).
However, CuentasOK does much more! Save time, minimize human error and improve decision-making in companies that no longer have to worry about complicated financial administration. Since its inception, the company’s mission has been to help companies regain control of their finances and put them on the path for healthy, consistent, sustainable growth..
Prodoge is a platform for global business and anyone with the Prodoge mobile app can get started sending payments, promoting their business, and selling their goods & services in under a minute to anyone in the world. As a P2P platform, Prodoge does not act as a bank, charges zero fees to merchants, or people sending money, and settlements are near instant.
No fees, no chargebacks, no waiting for your money. Global business is open to everyone.
Available now for iOS, Android, web, or mobile. Supporting Dogecoin, Doge Cash, Verge, Digibyte, Bitcoin, and all major cards via Stripe.
Features: Mobile Point of Sale. Mobile Invoicing & Payments.
Mobile Transaction Records. Embeddable Widget Creator for Accepting Crypto Currency on Websites.
Profiles for accepting payments and selling your goods & services. Search & Marketplace for promoting and finding new business.
Resuelve is a FinTech company that provides innovative financial solutions to all those who face economic difficulties. It offers better credit conditions, debt restructuring, and reinstatement to the credit system.
Resuelve was founded in 2009.. .
Klinc (the sound of money) is a mobile APP where employees can access their earned salary 24/7 in seconds #PayOnDemand, receive financial education, personal growth & professional development micro-bits courses, get discounts in everyday expenditures. In most countries more than 70% of people live paycheck to paycheck creating financial stress, main factor of work related stress; which generates health problems for employees and big losses for companies.
Our committment is to contribute to the financial health & wellness of our customers and their families in their day to day lives.
Syscap is a financial technology company that offers cutting-edge solutions to financial institutions to have a better administration and management of their funding sources. It connects the leaders of financial and real estate institutions with their funders.
For institutions, the company ensures the optimization of their funding source management processes, but also the strengthening of the relationship with their funders. To funders, Syscap guarantees the transparency and timely monitoring of its funds for the safety and growth of its resources..
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