As Mexico continues to struggle with a slow-growing economy and a rise in unemployment thanks to automation, savvy individuals are beginning to launch their own micro-businesses to fight back and make a living for themselves. Indeed, entrepreneurship has been on the rise in Mexico, and across Latin America, with more affordable connectivity and technology playing a role and allowing small businesses to reach much wider and more lucrative audiences online.
Whilst the country’s economy may be slow, its tourism industry is booming, making it one of the world’s most exciting locations for new businesses wanting to grab a slice of the action. Other industries, such as FinTech and business development, have also seen significant growth in recent years, and so today, we’re uncovering some of the most exciting startups in Mexico.
An online lender for the middle class of Mexico and Latin America, Kueski is one of the country’s most exciting startup businesses. Founded in 2012 and based in Guadalajara, Jalisco, Mexico, the company has received more than $38.75 million US dollars through funding rounds, proving that Latin American businesses can attract huge investments from overseas banks and tycoons.
The company is now thought to make between $5 and $10 million US dollars per year and employs a team of individuals to work on development, legalities and customer support. Unlike some of its competitors, the company relies on big data and advanced analytics tools to approve and deliver loans to consumers in just minutes, and it makes its fees […]