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Mexico City has become a major center for new companies, especially in financial technology. The area is home to a growing number of startups changing how people manage money.
For example, Covalto has raised over $521 million to provide digital banking for small businesses. Newer companies like Plata, founded in 2023, have also secured large amounts, with $435 million for its credit card platform.
Below is our list of 76 Mexico City startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Kapital offers a financial management platform for businesses across Latin America, integrating treasury, credit, and payment tools. Their system gives companies a unified view of their finances, helping them control spending and manage cash flow more effectively.
Aviva has built an AI-powered credit platform to serve the underbanked population in Latin America. Their technology allows them to provide loans to individuals who are typically excluded from traditional financial systems.
Plata built a financial platform centered around a credit card with a customized rewards program. Their service, aimed at consumers in Mexico, allows users to manage their card and benefits through a mobile app.
Mattilda builds a financial platform that helps schools manage and automate their payment collections. Their service simplifies administrative tasks, allowing educational institutions to streamline their financial operations.
R2 created an embedded lending platform that enables other companies to offer capital to small and medium-sized businesses. This allows platforms across Latin America to integrate financing options directly into their ecosystems, making capital more accessible for their merchants.
Yana develops an AI-powered chatbot that acts as an emotional companion for people working on their mental well-being. Their app uses principles from Cognitive Behavioral Therapy to provide daily support through a simple conversational interface.
Covalto operates a digital banking and services platform for small and medium-sized businesses in Mexico. They offer access to commercial lending, credit cards, and other financial tools tailored to the needs of SMEs.
DolarApp created a digital dollar account that lets users receive, send, and pay in either pesos or dollars. The platform uses the USDC stablecoin to give people a way to save and transact internationally without relying on their local currency.
Albo operates a challenger bank that offers a suite of digital tools for personal and business finances. Their platform provides users with debit and credit cards, savings accounts, payroll solutions, and access to crypto.
Nonco runs a digital asset brokerage firm designed for professional investors and financial institutions. They offer institutional-grade services for trading and managing cryptocurrency assets.
Our top ten picks offer a glimpse into the city's energy, but there's a lot more happening. Many of these companies are working in fintech and retail, and have collectively raised billions of dollars to grow.
You'll find companies at every stage, from brand new ideas to more established names. Here’s a look at the other startups shaping Mexico City's ecosystem.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Fintech | 2021 | $130M | Series B | |
| InsurTech | 2021 | $20.8M | Series A | |
| Energy | 1938 | $10B | Debt Financing | |
| Fintech | 2019 | $457.5M | Series C | |
| Media | 2022 | $1M | Seed | |
| Fintech | 2015 | $24.7M | Series B | |
| Fintech | 2019 | $123M | Debt Financing | |
| Retail | 2020 | $743.5M | Debt Financing | |
| Media | 2015 | $13.1M | Series A | |
| Fintech | 2018 | $143.6M | Debt Financing | |
| InsurTech | 2018 | $38.8M | Venture Round | |
| Logistics | 2013 | $128.6M | Series C | |
| Retail | 2019 | $201.2M | Debt Financing | |
| Media | 2021 | $37.2M | Series A | |
| InsurTech | 2016 | $27M | Venture Round | |
| Infrastructure | 2012 | $21.7M | Series B | |
| Energy | 2014 | $63.8M | Series C | |
| AgTech | 2010 | $56.7M | Venture Round | |
| Fintech | 2020 | $212.8M | Debt Financing | |
| Infrastructure | 2018 | $73.1M | Series A | |
| Fintech | 2017 | $9M | Series A | |
| Fintech | 2014 | $73M | Series B | |
| Manufacturing | 2022 | $23M | Venture Round | |
| Retail | 2014 | $82.9M | Convertible Note | |
| AI | 2019 | $34M | Series A | |
| Fintech | 2023 | $17M | Series A | |
| Retail | 2020 | $160M | Series B | |
| Enterprise | 2023 | $3.6M | Seed | |
| Fintech | 2022 | $32.7M | Debt Financing | |
| Fintech | 2021 | $12.4M | Series A | |
| Fintech | 2019 | $50M | Debt Financing | |
| Retail | 2019 | $17.7M | Debt Financing | |
| Mobility | 2022 | $5.5M | Seed | |
| Fintech | 2018 | $32.2M | Series A | |
| Other | 2023 | $26.3M | Seed | |
| Fintech | 2015 | $41.3M | Series B | |
| Crypto | 2019 | $16.3M | Series A | |
| AgTech | 2019 | $13M | Seed | |
| Fintech | 2017 | $70M | Series B | |
| AI | 2023 | $1.1M | Pre-Seed | |
| Media | 2019 | $661.6M | Debt Financing | |
| Fintech | 2005 | $32.6M | Series A | |
| AI | 2016 | $20.4M | Series A | |
| Media | 2015 | $22.1M | Venture Round | |
| Healthcare | 2021 | $6.8M | Series A | |
| Fintech | 2021 | $8M | Seed | |
| Retail | 2012 | $553.7M | Venture Round | |
| Fintech | 2010 | $165M | Debt Financing | |
| Retail | 2020 | $60M | Series A | |
| Media | 2019 | $53M | Series A | |
| Healthcare | 2021 | $10.8M | Series A | |
| Fashion | 2018 | $2.9M | Venture Round | |
| Healthcare | 2021 | $14.9M | Series A | |
| Energy | 1995 | $300M | Undisclosed | |
| Fintech | 2021 | $9.4M | Venture Round | |
| Healthcare | 2018 | $24.2M | Venture Round | |
| Real Estate | 2020 | $10M | Series A | |
| Fintech | 2021 | $9.7M | Venture Round | |
| Infrastructure | 2022 | $2M | Seed | |
| Fintech | 2019 | $10M | Series A | |
| Retail | 2024 | $2.7M | Pre-Seed | |
| Fintech | 2022 | $150M | Debt Financing | |
| Travel | 2019 | $12.5M | Convertible Note | |
| AI | 2022 | $500k | Seed | |
| Fintech | 2020 | $6.4M | Seed | |
| Other | 2022 | $6.2M | Undisclosed |
