Mexico's Fintech Frenzy: 650 Companies and Counting
Discover the explosive growth of the fintech industry in Mexico, with a 26% increase in the number of companies and a thriving entrepreneurial sector. Learn about the sectors driving growth and the economic prospects for fintechs in 2023.
The innovation company Finnnovista said that by the beginning of 2023, there will be 650 financial technology (fintech) companies in Mexico, which is a 26% increase from the previous year.
"Mexico starts 2023 with 650 companies in the fintech ecosystem and with positive expectations from the entrepreneurial sector, which expects to exceed the growth of 2021 and 2022," said Fermín Bueno, co-founder of Finnovista, in Mexico City.