Mexico-based Series Anthemis Startups and Azevedo TechCrunch: A Look at the Future of Fintech in Latin America

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The fintech industry has been growing rapidly in Latin America, with Mexico being one of the most promising markets in the region. In recent years, several startups have emerged in Mexico, attracting significant investments from venture capitalists and private equity firms. One of the most notable players in this space is Series Anthemis, a Mexico-based venture capital firm that focuses on investing in fintech startups. Another prominent player is Azevedo TechCrunch, a Brazilian startup accelerator that has expanded its operations to Mexico. In this article, we will take a closer look at these two companies and their impact on the future of fintech in Latin America.

Section 1: Series Anthemis

Series Anthemis is a venture capital firm that specializes in investing in early-stage fintech startups. The firm was founded in 2010 and has since invested in more than 100 startups around the world. In 2019, Series Anthemis launched its first fund dedicated to investing in Latin American fintech startups. The fund has a target size of $50 million and has already made several investments in Mexico-based startups.

One of the most notable investments made by Series Anthemis in Mexico is in Credijusto, a digital lending platform for small and medium-sized enterprises (SMEs). Credijusto has raised more than $100 million in funding, making it one of the most well-funded fintech startups in Mexico. Other notable investments made by Series Anthemis in Mexico include Fondeadora, a digital banking platform, and Klar, a mobile banking app.

Series Anthemis has also been actively involved in supporting the growth of the fintech ecosystem in Mexico. The firm has organized several events and initiatives aimed at promoting entrepreneurship and innovation in the fintech sector. For example, Series Anthemis partnered with Startupbootcamp to launch a fintech accelerator program in Mexico City.

Section 2: Azevedo TechCrunch

Azevedo TechCrunch is a Brazilian startup accelerator that has expanded its operations to Mexico. The accelerator was founded in 2012 by Fabio Azevedo, a Brazilian entrepreneur and investor. Azevedo TechCrunch has since become one of the most prominent startup accelerators in Brazil, having invested in more than 100 startups.

In 2019, Azevedo TechCrunch launched its first accelerator program in Mexico City. The program is focused on supporting early-stage startups in the fintech and e-commerce sectors. The program provides startups with funding, mentorship, and access to a network of investors and industry experts.

One of the most notable startups that has graduated from Azevedo TechCrunch’s accelerator program in Mexico is Flink, a digital banking platform. Flink has raised more than $12 million in funding and has attracted more than 100,000 users in Mexico.

Section 3: The Future of Fintech in Mexico

The growth of the fintech industry in Mexico has been driven by several factors, including a large unbanked population, a growing middle class, and a supportive regulatory environment. According to a report by Finnovista, there are more than 400 fintech startups operating in Mexico, making it the second-largest fintech ecosystem in Latin America after Brazil.

The COVID-19 pandemic has also accelerated the adoption of digital financial services in Mexico. With lockdowns and social distancing measures in place, more people have turned to digital banking and payment platforms. This trend is expected to continue even after the pandemic subsides.

The future of fintech in Mexico looks promising, with several opportunities for growth and innovation. Some of the areas that are expected to see significant growth in the coming years include digital lending, mobile banking, and payments. However, there are also challenges that need to be addressed, such as cybersecurity and financial inclusion.

Section 4: Conclusion

In conclusion, Series Anthemis and Azevedo TechCrunch are two prominent players in the fintech industry in Latin America. Their investments and initiatives have helped to support the growth of the fintech ecosystem in Mexico, which is one of the most promising markets in the region. The future of fintech in Mexico looks bright, with several opportunities for innovation and growth. As the industry continues to evolve, it will be interesting to see how Series Anthemis, Azevedo TechCrunch, and other players in the space will shape the future of fintech in Latin America.