Tech companies commit US$5.7 billion to Mexico
Ep. 165: Solvento $25 million new financing, Lebane $4 million Seed round, and more!
Your weekly newsletter on technology, startups, and VCs in Spanish-speaking Latin America.
In the U.S., Tech and digital industries account for roughly 9–12% of GDP directly, while tech-related stocks representing nearly 40% of the equity market.
Over the past two decades, value creation in the U.S. has increasingly been concentrated in software, platforms, infrastructure, and digital networks.
Mexico presents a starkly different picture. Tech and digital industries account for an estimated 4.3 to 5% of GDP, and tech-related companies make up barely 1% of the equity market.
If Mexico even partially converges toward U.S. penetration levels, the upside is significant. Recent announcements suggest the convergence is happening, at least on the GDP side.
Just this week, electric mobility startup VEMO announced a US$1.5 billion investment plan over the next five years to expand EV charging infrastructure nationwide.
Nubank pledged US$4.2 billion in Mexico through 2030, including US$2.5 billion in strategic investments over the next four years, doubling down on its ambition to build one of the largest digital banks in the market.
Mexico is still early in its tech GDP curve but both moves signal a positive long-term trend. If capital keeps flowing into both digital infrastructure and financial rails, the country could see a decade of accelerated tech-driven growth.
I strongly believe tech is a positive force for economic and social transformation. Seeing this happening in Mexico too only reinforces my conviction.
Let’s keep the flywheel spinning!
Follow The Money
🇲🇽 Solvento secures US$25 million in financing from BBVA Spark
Solvento has secured US$25 million in financing from BBVA Spark to expand its liquidity and payments platform for Mexico’s transport and logistics sector. The funding will allow the startup to scale its working capital solutions nationwide, supporting carriers and logistics operators across all 32 states and addressing chronic payment delays that strain fleet operations and supply chains. The facility includes a preferential tranche aimed at large corporates, enabling Solvento to extend financing programs deeper into major supply chains and strengthen liquidity across networks of transport providers. With this capital, the team aims to consolidate its position as financial infrastructure for Mexico’s logistics ecosystem, a sector critical to the country’s economic activity but still underserved in terms of access to flexible financing.
Sector: FinTech
Founders: Jaime Tabachnik, Guillermo Bosch, Pedro Bosch
Investors: BBVA Spark
🇦🇷 Lebane raises a US$4 million Seed round
Argentinian Proptech Lebane raised US$4 million in a seed round to accelerate its expansion across Latin America, with a strong focus on Mexico. Founded in 2023, the startup builds an AI native operating system for real estate developers and construction companies, centralizing financial and operational data and enabling teams to manage projects through WhatsApp using natural language queries. Lebane targets an industry that represents over US$700 billion in annual activity, yet remains largely undigitized, with many firms still relying on spreadsheets that lead to budget deviations of 35% to 50%. The team also plans to expand into financial products such as credit, payment tracking, and automated collections.
Sector: PropTech
Founders: Bruno Lerer, Lucas Glustman, Diego Sarro, Matías Podrojsky, Diego Cabrosi
Investors: Atlántico, Zacua Ventures, Fen Ventures, ADN VC, Kuiper VC, Galicia Ventures
Startups News
🇲🇽 Vemo announces a US$1.5 billion investment plan in Mexico
Mexican VEMO announced a US$1.5 billion investment plan over the next five years to expand electric vehicle charging infrastructure across the country. The plan includes deploying around 23,000 public and private charging connectors and adding approximately 55,000 electric vehicles to its fleet by 2030, aiming to support the next phase of electromobility growth. As EV and plug in hybrid sales rose 38.5 percent year over year in 2025 and Mexico’s charging network reached 56,726 positions, VEMO is positioning itself to address one of the main bottlenecks for adoption: charging availability.
🇲🇽 Nubank announces a US$4.2 billion investment plan in Mexico
Nubank announced a US$4.2 billion investment plan in Mexico through 2030, including US$2.5 billion earmarked for strategic spending over the next four years, reinforcing its long term commitment to the country. The Brazilian fintech already serves nearly 14 million customers in Mexico, adds around one million new clients per quarter, and ranks among the five largest financial institutions and the third largest card issuer in the market. Following the approval of its banking license, Nubank is expected to begin operating as a full bank in Mexico this year, marking a new phase in its expansion strategy.
🇻🇪 Kontigo receives authorization to continue operating legally in Venezuela
Venezuelan Kontigo received formal authorization from the country’s crypto regulator, the Superintendencia Nacional de Criptoactivos y Actividades Conexas (Sunacrip), to continue operating legally in Venezuela through January 8, 2027. The license allows Kontigo to buy and sell cryptocurrencies, exchange between crypto assets, convert cash (including bolívares) and crypto, custody digital funds, operate a payments’ gateway, provide over-the-counter services and act as a payments’ agent under strict national and international compliance rules. With this approval, Kontigo is one of only two fully regulated crypto exchange platforms in Venezuela.
🇨🇴-🇫🇷 Fintech Lyra launches Send
French fintech Lyra, which entered Colombia in 2019 with its payment gateway, has launched Send, a new solution that uses the country’s instant payment system Bre-B to enable real time disbursements such as payroll, supplier payments and microloan payouts. Through Send, Lyra allows merchants to manage both collections and payouts on a single platform, improving reconciliation, efficiency and conversion rates. With more than 34 million users, and over 400 million transactions, Bre-B has become a core infrastructure layer for fintechs seeking to expand treasury and payment services.
VC - Accelerators News
🇲🇽 Bitso launches the second edition of The Push
Bitso Business, the B2B arm of Mexican crypto platform Bitso, has launched the second edition of The Push, a global accelerator focused on stablecoin-based financial infrastructure for Latin America. The program is returning with up to US$250,000 in investment per startup, US$25,000 in Bitso Business product credits, and direct mentorship in payments, liquidity, compliance and regulation. The accelerator targets global startups operating in or expanding to Latin America across categories including stablecoin innovation, AI and finance, and payment rails. The initiative aims to help founders navigate regulatory and operational complexity while accelerating go to market strategies in one of the fastest growing digital finance regions.
Expansion Plans
🇨🇴 Vuun is expanding into Mexico, Peru, Panama, Ecuador and Bolivia
Colombian proptech Vuun, formerly Verticcal, is now expanding into Mexico, Peru, Panama, Ecuador and Bolivia as part of its regional growth strategy. Founded by Pablo Sánchez and Santiago Gallo, Vuun processes around 100,000 monthly conversations with prospective buyers via WhatsApp and phone, and reports sales increases of up to 70% for projects that previously struggled with lead conversion. Its platform analyzes up to 28 categories of failed sales interactions, giving commercial teams granular insights to optimize campaigns and improve closing rates.
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Abrazo,
Arnaud
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