Mexico

How a viral AI image catapulted a Mexican startup to a major adidas contract

AI /

Antonio Nuño, Fatima Alvarez, and Enrique Rodriguez have been friends since they were five years old. As teenagers, they became volunteers helping indigenous communities — first in Mexico, then in other countries — and saw that many of the women were artisans.  The trio came to realize that these artists “made very beautiful things in […]

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Aplazo is using buy-now-pay-later as a stepping stone to financial ubiquity in Mexico

Startups /

Buy-now-pay-later services have become so ubiquitous that BNPL may as well just be another way to say ‘debt.’ But in Mexico, where BNPL platform Aplazo operates, a large underbanked population makes BNPL more like an alternative to cash. The four-year-old Mexican fintech startup facilitates fractionated payments to offline and online merchants even when the buyer

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Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market

Fintech /

Open banking may be a global trend, but implementation is fragmented. The fintech startups doing the legwork to make it a reality in smaller markets could become M&A targets for incumbents like Visa. One of these is Y Combinator alum Fintoc, a B2B fintech startup that has raised a $7 million Series A round of

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