Consumers
No checking account
Limited financial services
Risky illiquid assets
Cash hidden under beds
80MPeople without bank accounts
Mexico
5.9MCurrent microfinance customers
Mexico
250MPeople without bank accounts
Latin America
19.8MCurrent microfinance customers
Latin America
Telecom deregulation
Auth via gov ID (KYC)
Microfinance Lender has user documentation
Simple acquisition problem
Clean, simple app
Lighter than WhatsApp
Cell network–agnostic
Stores
OXXO (11,000)
7/11 (1,552)
Multired (14,000)
Banks
Banorte (1,269)
BBVA Bancomer (1,704)
HSBC (1,400)
Santander (706)
ScotiaBank (600)
Banamex (1,600)
Bill Pay
Telcel (cell)
TelMex (landline phone)
Movistar (cell)
IUSACELL
Sky (TV)
IZZI (TV)
CFE (Electricity & gas)
Maxcom
Your local business
Stores
OXXO (11,000)
7/11 (1,552)
Multired (14,000)
Banks
Banorte (1,269)
BBVA Bancomer (1,704)
HSBC (1,400)
Santander (706)
ScotiaBank (600)
Banamex (1,600)
Bill Pay
Telcel (cell)
TelMex (landline phone)
Movistar (cell)
IUSACELL
Sky (TV)
IZZI (TV)
CFE (Electricity & gas)
Maxcom
Your local business
33,000+ Locations+ utility & services bill pay