The country has gain more relevance in the Fintech market, making it attractive in the region.
The growing adoption of technology makes Mexico an attractive destination for Latin American startups to operate .
Gonzalo Abálsamo , executive director of Simplestate , an Argentine real estate microinvestment platform, said that in Mexico City there is a technological penetration that is growing abruptly.
In Abálsamo’s opinion, Mexico has gain more relevance in the Fintech market, making it attractive in the region.
In addition, he said, 45% of the population is unbank, while in the Unit States it is only 5%, according to data from the Feral Reserve of that country, he not.
“The second variable is more relat to
the potential that the Mexican market still has today, unlike a country like the Unit States that is already much more consolidat when you go to an emerging market, like Mexico, it still has a lot of potential for adoption in the digital ecosystem,” said Abálsamo.
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Once a more mature development is achiev in Mexico, startups could begin to plan their long-term entry into the US, he said.
For example, Tienda Nube , an korea whatsapp number data e-commerce platform; Ualá, a fintech that offers digital financial services; and the case of Simplestate.
Specifically, he explain, Mexico City is the entity that interests Latin American startups since it is a meeting point for various forums and networking activities.
Where, he said, entrepreneurs connect with others or with capital funds, in addition to their air connectivity with Latin America.
He add that Mexico has a large population
compar to other Latin American cities (except for Brazil), which translates into a large market for startups.
In the case of Argentina, some page on how users can startups have already been develop in the Mexican market.
After São Paulo, Brazil, Mexico City is the second Latin American entity with the best conditions for starting a startup.
Well, it is rank 53rd in the Global bz lists Startup Ecosystem Index 2024.
The count is l by the city of San Francisco, follow by New York, follow by other American, Asian and European entities.