Tech Company Financing Transactions
Vexi Funding Round
Magma Partners, Alpha4 Ventures and NOA Capital participated in a $8 million Series A venture round for Vexi. The financing round was announced by the company on 2/16/2023.
Transaction Overview
Company Name
Announced On
2/16/2023
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series A
Investors
Proceeds Purpose
It will use the new funds to grow its customer base, onboard new talent to strengthen the team and enhance its proprietary tech stack and risk algorithms. While the company declined to reveal hard revenue figures, Merlos said the company has seen its revenue grow by "4x" in the past 24 months.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
289 PA1 Colonia Nueva Santa María Calle Nueces, Delegación A
Mexico City, 02800
MX
Mexico City, 02800
MX
Phone
Undisclosed
Website
Email Address
Overview
The first Credit Card for many, the beginning of a credit history, for others, the best Card for everyone. Start with us and stay forever! Our objective is to support more Mexicans to enter the financial system and learn how to get the most out of their Vexi Credit Card.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gabriela Estrada
Co-Founder
Cinthia Merlos
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