Mexico ranks second in Latin America in fintech and startup numbers

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

In the framework of the presentation of the first generation FactoryA program, Cristina Cacho, Vice President of Alliance with Fintech for Latin America of Scotiabank, said that “Mexico is one of the countries that has more fintechs, more startups, only after Brazil, which takes first place.”

She added that through FactoryA, a business acceleration program developed by Scotiabank and Tecnológico de Monterrey, intentions are to continue with the research and development of startups in three areas: fintechs, the part of the academy with the Tecnológico de Monterrey, and the third with the capital funds, areas that finally come together in the “Investor Day” event.

In an interview with Wild Entrepreneur, Cristina Cacho said that the “Investor Day” event aims to present the results of the four-month work within the first generation of the FactoryA program, where they have searched for startups to develop the best financial investment solutions.

 At the end of the program there were nine proposals, because one achieved the investment required before the end of the program.

In addition, Cacho explained that the call to participate in this program was held throughout Latin America and more than 100 applications were received for 10 available places.

However, despite the fact that 10 startups were initially chosen, at the end of the program there were nine proposals, because one achieved the investment it required before the program ended.

The Vice President of Alliance with Fintech for Latin America of Scotiabank also said she was happy with the response of the event, as they exceeded expectations in their ability to network with investors who were extremely interested in the projects as well as the way in which the entrepreneurs presented their projects was exceeded.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.