Mexicobased 20m anthemis azevedotechcrunch

Mexicobased 20m anthemis azevedotechcrunch fintech startup, has raised $20 million in a Series A funding round led by Kaszek Ventures. The company aims to provide financial services to the underbanked population in Mexico and Latin America.

The Company

Anthemis Azevedo was founded in 2020 by Jorge Aldana and Juan Guerra. The company offers a range of financial services, including loans, insurance, and savings accounts. Its target market is the underbanked population in Mexico and Latin America, which accounts for more than 50% of the region’s population.

The Funding

$20 million funding round was led by Kaszek Ventures, with participation from QED Investors, Ribbit Capital, and others. The funds will be used to expand Anthemis Azevedo’s product offerings and to grow its team.

The Market

Mexico and Latin America have a large underbanked population, with more than 70% of adults lacking access to formal financial services. This presents a significant opportunity for fintech startups like Anthemis Azevedo to provide financial services to this underserved market.

The Future

Anthemis Azevedo plans to use the funding to expand its product offerings and to grow its team. The company aims to become a leading provider of financial services to the underbanked population in Mexico and Latin America.

Conclusion

Anthemis Azevedo’s $20 million funding round is a significant milestone for the Mexico-based fintech startup. With the funds, the company can expand its product offerings and grow its team to provide financial services to the underbanked population in Mexico and Latin America. As the company continues to grow, it has the potential to become a leading provider of financial services in the region.