March 5

Minu, a Mexico City-Based, Pay-on-Demand Startup, Lands a $14 Million Series A

Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class.

One such company, minu, a Mexico City-based, pay-on-demand startup, announced Wednesday that it has raised $14 million in a Series A round of funding led by FinTech Collective.

New investors VEF, XYZ Ventures and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale also participated in the financing. Existing backers QED, Next Billion Ventures and Village Global also put more money in the company.

Photo courtesy of geralt.

Source: TechCrunch (link opens in a new window)

Finance, Technology
business development, financial inclusion, fintech, startups