Miranda’s Weekly Mex Fintech Monitor

January 9, 2023

Mexico Fintech News 

New Year’s Investment Environment for Fintech  

Fintech investment in 2023 will likely be marked by limited capital, and both consolidation and new players entering the field. Factors like better regulation, regional integration of the sector and cooperation in technology and innovation will be fundamental in supporting the industry this year. Incumbent banks may start buying FinTechs struggling to raise capital but with excellent technology. 

Sebastián Estrada, 01/01/2023, El Economista: Pymes, en la mira de las fintech 

Sergio Ramos Montoya, 01/02/2023, Entrepreneur: Capital de riesgo en LatAm repuntó en el Q3 según el informe de TheVentureCity  

Charlenne Dominguez, 01/03/2023, Reforma: Muestran cautela en fintechs de AL 

Sebastián Medrano, 01/04/2023, Expansión: Carta de una fintech a los Reyes Magos   

Payments Market 

The arrival of a second wave of Fintechs is showing the market that payment methods and systems have become essential for successful business models.  The World Bank reports 33% of Latin Americans used their cellphone to make a payment in 2022. But here, Mexico is indeed falling behind, with setbacks in the adoption of technologies like QR code payments.