Noa Capital News Today

Americans expect credit cards. Mexico makes it harder and less common. Fewer than 20% of people have credit, and only 10% have credit cards. In recent years, several startups have emerged to provide underserved Mexicans with more options to increase inclusion. Vexi is a startup. Rojo Blasquez, Gabriela Estrada, Cinthia Merlos, Salvador Michel, and Carlos …

Since its 2018 inception, Vexi has issued around 850,000 credit cards in Mexico. Magma Partners led its latest round of funding.

The company underwrites online businesses in less than 48 hours and provides facilities for funding up to 80% of an acquisition.