Mexican Banking FinTech Klar Aims for 2026 IPO
Weekly news up to Wednesday, 6th of November 2024.
👀 NEWS HIGHLIGHT
Mexican FinTech Klar is reportedly aiming to go public at the end of 2026.
Juan Sarmiento, the company’s vice president of finance, told Bloomberg News that Klar is eyeing annual run rate of $500 million as a target for its initial public offering (IPO), projecting that it will hit that number in the third quarter of next year.
📊 INFOGRAPHIC
📰 ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Real-Time Payments: Economic Impact and Financial Inclusion.
⭐️ Pix by Proximity is introduced.
⭐️ Argentina Aleph enters the FinTech sector with purchase: this is its strategy for Peru.
⭐️ Argentina’s Central Bank Unveils First Bitcoin Mining Exhibit.
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BRAZIL
Thomson Reuters, a global media and technology company, is making a significant move to increase its reach among accountants. The company is expanding its presence in the accounting sector by adding a digital account and a benefits section to its Domínio platform through partnerships with Belvo, Pismo, Celcoin, and VR.
MEXICO
More than three years after FEMSA entered the FinTech sector, Spin by Oxxo is preparing to offer credit options to its users, adding a new vertical for the company led by José Antonio Fernández Carbajal. Martín Arias Yaniz, the company’s Chief Financial Officer, explained that current revenue from its financial business comes from services like remittances, though there are many other developments underway.
Kueski reaches 20 million loans disbursed, strengthening its role in Mexico’s payments ecosystem. This marks 100% growth in loans disbursed in just 18 months, further showcasing Kueski's momentum as it moves forward in its mission to improve the financial lives of Mexicans.
Finastra accelerates its international growth with new office in Guadalajara. The new office hosts 40 employees across technology, marketing, and sales, with plans to double the workforce by tapping into the area's talent and innovation.