Mexico’s fintech stars start to shine at last

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Financial Times 14h ago

Mexico’s fintech stars start to shine at last - Financial Times

Quick Summary:

Fintech’s potential to bring people into the financial system has shown sluggish progress over the past decade while, according to government data, more than one-third of Mexicans have no bank account.

Carlos Costa, partner at venture capital firm Valor Capital, which has invested in more than 100 companies, says countries in the region are moving at different speeds but still in the same direction.

Any new law though will “need to be more flexible and more open”, says DGA’s Vértiz.“We really are at this inflection point where we are finally seeing fintech that can offer all the relevant products to make a difference,” says Tollardo.