Four Mexican fintechs stand out among the most promising in the world: CB Insights

In a list of 250 fintech most promising private companies worldwide, prepared by the analysis platform CB Insights, four financial technology companies of Mexican origin were considered. The consultancy points out that the listed firms will shape the future of financial services in payments, banking, investments and insurance.

In no particular order, the list includes platforms Considerable, Clear, Confidence y Kueski. Among the criteria to obtain a place in the list, the consultant highlights that they are private financial technologies that create safe, efficient ways to send and receive payments, in addition to facilitating access to financial services.

According to the segments of the listing, Clear was one of the leading companies in digital financial services, Confidence in the category of business loans, Kueski in personal loans and Considerable in retail investing and wealth management.

In this edition of the Latin American countries highlighted Brazil with nine companies listed, in addition to the Mexican fintech, the financial technology company from Argentina was found walaand in Colombia the proptech Habi. In total, South America concentrated 4% of the companies.

Also, CB Insights He highlighted that 64% of those selected are repeated compared to previous listings, 144 were on last year’s list and 16 returned to the list after winning the previous year. As a result, 90 companies, or 36% of the listings, are included for the first time.

One of the reasons why the number of new winners is small compared to firms that repeat, is because the fintech they have remained private companies, compared to those that become private companies.

“Today, fintech leaders are staying private longer, especially amid this year’s market turmoil. This has allowed them to maintain their eligibility through multiple rounds of listing. In addition, factors such as rising inflation, interest rate hikes, and struggling public tech stocks have made it more difficult for new entrants to make a splash in the already maturing fintech market. CB Insights.

On the other hand, the analysis platform indicates that in total the 250 fintech are distributed in 33 different countries, including seven more than last year. Although 53% of the fintech companies on the list are based in the United States, they indicate that it is the lowest number that has been observed in that country since 2017.

kg