Vexi

Vexi is a Mexican startup founded in 2016 that aims to provide access to the financial system for young Mexicans using technology to create efficient, accessible, and transparent processes. Their flagship product is a credit card managed entirely through their mobile application, offering a hassle-free and income-verification-free experience. With the striking statistic that only 9% of transactions in Mexico are made using a credit card compared to the international average of 35%, Vexi addresses the shortcomings of the current financial system, including inefficiency, bureaucracy, and lack of trust. The company's mission is to be a catalyst for change by utilizing technology to offer innovative, flexible, transparent, and secure financial products that provide access to the cultural and financial system for their customers. Looking forward, Vexi aspires to revolutionize financial inclusion in Latin America, fostering inclusive economic growth and positioning themselves as the leading company in technology-based financing options. Vexi recently secured an $8.05M Series A investment on 30th January 2023, with funding from notable investors including Redwood Ventures, Alpha4 Ventures, Magma Partners, NOA Capital, Pomona Impact, and Rebalance Capital. The company's focus on leveraging technology for financial inclusion makes it an intriguing prospect for potential investors.