A tale of 44 cities | Mexico City S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a Mexico Citys Best workspace and accelerators Hub features Top FinTech companies Hub profile Technologies Kubo, MiMoni, Kuspit, Tan Tan, Kueski, Bankaool, Bitso, Bayonet, Clip, Broxel. I s t a n b Big investors u Mobile ManamalG Dalus Capital (Monterray) , 500 Startups (Mexico City), General Atlantic (Mexico o Data analytics v e r City), UHNW family offices. n Connectivity m e Gn l o b a l F Social media it Cn es n t r eu Success stories 7p Mexico Ci3p P2P technologies o Founded in 2012, Kueski is the leading online lending company in Mexico offering r tyt real-time, micro loans. It has grown more than seven times annually since launch, Innovation areas and has achieved better loss rates than a traditional credit card in Mexico. In 2016, KYC they raised $35m, with the potential to increase to $100m in total funding, the Jo hannes largest capital funding for a FinTech startup in Mexico. b Gentera ur g WAYRA Payments In Treasury n INDEX SCOREo The future va E-commerce t Mexico is expecting new changes in FinTech law, which will open up the venture Sao Pauloi o Back-office operations There is a concentration of experienced founders along with deep nc n capital market and see an influx of international venture funds. This will pools of technical and business knowledge. This has attracted many oita181utlu complement the already strong ecosystem and increase competition within entrepreneurs with experience from international hubs such as Silicon vonner Challenges FinTech services. Valley. Moreover, Mexico is one of the largest consumer markets in the I labxed1 Low RankolGnI6 Low access to capital world with great scope to increase financial inclusion. Risk averse culture Low access to capital 74 suBe sseninioDrtis Regpe gulao ex tionty t imi rox P Hub representativeFormers FinTech Mexicoeign sto custo artupsProximity t CEO Jorge Ortiz Data to be updated in full report (Sibos, October 2017) 93