Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million

//Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million

Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million

Credijusto, a Mexican lending platform for small businesses, announced the acquisition of a local bank Banco Finterra which specialises in financing solutions for small businesses and the agriculture sector.

According to Reuters, Credijusto acquired the regulated bank in a deal for under US$50 million, becoming the first Mexican fintech to do so.

This move allows Credijusto to become a neobank in Latin America that is focused on serving small and medium-sized enterprises (SMEs).

Allan Apoj, Co-CEO of Credijusto Banco Finterra

Allan Apoj

“Our acquisition of Banco Finterra creates the first truly digital banking platform for Mexican SMEs.

 

This acquisition marks a major milestone in Mexico and the region, and we are proud to be revolutionising the future of banking in Latin America.”

said Allan Apoj, Co-CEO of Credijusto.

David Poritz, Co-CEO of Credijusto Banco Finterra

David Poritz

“By combining our proprietary software and data science expertise with Finterra’s banking capabilities, we are building a next generation financial services business.

 

Our acquisition will also enable a digital cross-border experience to the thousands of businesses engaged in commerce between the U.S. and Mexico, an opportunity that we see as a major driver of growth for Credijusto.”

said David Poritz, Co-CEO of Credijusto.

The post Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.


Quelle: Bitcoin News

By | 2021-06-16T12:01:01+01:00 Juni 16th, 2021|News|Kommentare deaktiviert für Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million

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