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LATIN AMERICA ADVISOR

Financial AMERICA ADVISOR

A daily publication Of the dialogue

April 8, 2025

What Forces Are Driving Mexico’s Fintech Sector?

Mexico-based financial technology company Plata reached “unicorn” status, a valuation of more than $1 billion, in a recent financing round. // File Photo: djoronimo via Adobe Stock.

Q

A

Jorge A. Ortiz, founder of tan tan in Mexico City and former president of FinTech Mexico: “Plata’s recent $160 million funding round, which values the company at $1.5 billion, highlights the strong investor confidence in Mexico’s fintech sector. This reflects both the profitability and the vast untapped opportunities in financial technology within the country. Despite economic uncertainty, investors recognize that fintechs in Mexico continue to address critical gaps in financial inclusion and digital payments, making them attractive investment opportunities. A slowing economy does not necessarily hinder fintech growth; in fact, it can accelerate digitalization. Economic downturns often push consumers and businesses to seek more efficient, accessible and cost-effective financial solutions. Fintech companies can thrive by offering innovative alternatives to traditional banking, enabling users to transact, save, and invest with greater ease. This demand can drive further investment into the sector, as investors seek…”

Top News

Grupo Financiero Banorte to Restructure Digital Bank
Mexico’s Grupo Financiero Banorte is restructuring its digital bank, Bineo, after the unit posted $48 million in net losses last year. Bineo was launched in January 2024.
Mexico’s Level of Remittances Falls 0.8% in February
Mexico received $4.46 billion remittances in February, a 0.8 percent decline as compared to January, according to the country’s central bank. The total for February was the lowest monthly amount since May 2021.
Banco Macro Taps Parma as CEO
Argentina’s Banco Macro on March 31 appointed Juan Parma as its new CEO. Parma’s appointment followed the departure of former CEO Gustavo Manriquez.

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ABOUT THE financial services ADVISOR

Covering Latin America’s banking and insurance sectors, remittances trends and data, micro lending issues, new technologies in the industry, anti-money laundering regulations, and much more, the Inter-American Dialogue’s biweekly Financial Services Advisor, a sister publication of the Latin America Advisor, gives readers fresh insight and diverse viewpoints from financial sector leaders. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

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Goette-Luciak
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Vice Chairman
of the Board,
Banco de Ahorro y Credito Union

Jimena Blanco
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Verisk Maplecroft

Richard Child
CEO,
Mattrix Group

Michael Diaz
Partner,
Diaz, Reus & Targ, LLP

Ernesto Fernández Holmann
Chairman of the Board,
Ayucus

Desiree Green
Vice President,
Int’l Gov’t Affairs,
Prudential Financial

Earl Jarrett
Deputy Chairman & CEO
The Jamaica National Group

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

Thomas Morante
Attorney,
Carlton Fields

Manuel Orozco
Senior Fellow,
Inter-American Dialogue

Adalberto Palma Gómez
Senior Partner,
Aperture SC

Rodolfo Pittaluga
Adjunct Professor,
Florida International University
College of Law

Roberto Teixeira da Costa
Founder & Board Member Emeritus, CEBRI

Mario Trujillo
CEO,
DolEx Dollar Express

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