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The Founder's Handbook

Top 42 Startups in Mexico City in 2024

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Countless startups in the Mexico City are being launched every day.

Many fail because they did not learn from the success of other companies who've managed to rise above.

We just published this list of 42 well-known and fast-growing Mexico City companies that impressed investors.


42 Startups in the Mexico City

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1) Clip

Clip

Clip is a terminal that enables companies to take all types of electronic payments.

Details of the startup:

  • Started in: 2012
  • Founders: Adolfo Babatz, Vilash Poovala
  • Industries: E-Commerce, FinTech, Mobile, Mobile Payments, Payments
  • Number of employees: 251-500
  • Funding: $397,400,000
  • Funding rounds: 10
  • Number of investors: 16 (SoftBank, General Atlantic, 500 Startups, Endeavor Catalyst, Viking Global Investors)

You can find their website here.

2) Belvo

Belvo

Belvo is an open financial API platform that allows customers to link their accounts to a mobile app.

Details of the startup:

  • Started in: 2019
  • Founders: Pablo Viguera, Uri Tintore
  • Industries: Banking, Developer APIs, Finance, Financial Services, FinTech
  • Number of employees: 51-100
  • Funding: $56,000,000
  • Funding rounds: 5
  • Number of investors: 17 (Founders Fund, FJ Labs, Y Combinator, Liquid 2 Ventures, MAYA Capital)

You can find their website here.

3) Bitso

Bitso

Bitso is a cryptocurrency exchange where users can buy and sell bitcoin and other cryptocurrencies.

Details of the startup:

  • Started in: 2014
  • Founders: Ben Peters, Daniel Vogel, Pablo Gonzalez
  • Industries: Bitcoin, Cryptocurrency, Financial Exchanges, FinTech
  • Number of employees: 251-500
  • Funding: $378,350,000
  • Funding rounds: 8
  • Number of investors: 18 (FundersClub, Digital Currency Group, QED Investors, Pantera Capital, MassChallenge)

You can find their website here.

4) 99 Minutos

99 Minutos

99 minutos is a Latin American-based e-commerce shipping service.

Details of the startup:

  • Started in: 2014
  • Founders: Alexis Patjane, David Berdichevsky
  • Industries: Delivery Service, E-Commerce, Internet, Logistics
  • Number of employees: 501-1000
  • Funding: $46,700,000
  • Funding rounds: 5
  • Number of investors: 8 (Y Combinator, Prosus Ventures, Pioneer Fund, Kaszek, Streamlined Ventures)

You can find their website here.

5) Airtm

Airtm

Airtm is a peer-to-peer exchange and digital wallet that is connected to the blockchain and banks.

Details of the startup:

  • Started in: 2015
  • Founders: Antonio Garcia, Jorge Ruiz, Joshua Kliot, Ruben Galindo, Tim Parsa
  • Industries: Banking, Blockchain, Internet, Payments, Transaction Processing
  • Number of employees: 51-100
  • Funding: $24,700,000
  • Funding rounds: 6
  • Number of investors: 11 (Stellar Development Foundation, International Finance Corporation, BnkToTheFuture, Coinbase Ventures, BlueYard Capital)

You can find their website here.

6) Flink

Flink

Flink is a personal finance application that allows users to save, spend, and invest their money.

Details of the startup:

  • Started in: 2017
  • Founders: Ricardo Rafael Bueno, Sergio Jimenez
  • Industries: Banking, Financial Services, FinTech, Trading Platform
  • Number of employees: 11-50
  • Funding: $13,000,000
  • Funding rounds: 4
  • Number of investors: 8 (Accel, Raptor Group, Clocktower Technology Ventures, Kevin Efrusy, ALLVP)

You can find their website here.

7) Kavak

Kavak

KAVAK is a website that provides information about purchasing and selling old vehicles.

Details of the startup:

  • Started in: 2016
  • Founders: Carlos Julio Garcia, Roger Laughlin
  • Industries: Automotive, E-Commerce, Online Portals
  • Number of employees: 501-1000
  • Funding: $1,283,250,000
  • Funding rounds: 6
  • Number of investors: 17 (Founders Fund, Ribbit Capital, General Atlantic, DST Global, Endeavor Catalyst)

You can find their website here.

8) Merama

Merama

Merama is an e-commerce platform that collaborates with and accelerates the growth of any brand with whom it works.

Details of the startup:

  • Started in: 2020
  • Founders: Felipe Delgado, Guilherme Nosralla, Olivier Scialom, Renato Andrade, Sujay Tyle
  • Industries: Consumer Goods, E-Commerce, Retail
  • Number of employees: 11-50
  • Funding: $160,000,000
  • Funding rounds: 2
  • Number of investors: 5 (Balderton Capital, Monashees, Valor Capital Group, MAYA Capital, Concentric)

You can find their website here.

9) Jüsto

Jüsto

Jüsto is a grocery store that solely delivers online.

Details of the startup:

  • Started in: 2019
  • Founders: Ricardo Martinez Finger, Ricardo Weder
  • Industries: Consumer Goods, Delivery, E-Commerce, Food and Beverage, Grocery
  • Number of employees: 251-500
  • Funding: $92,000,000
  • Funding rounds: 4
  • Number of investors: 19 (General Atlantic, Foundation Capital, 500 Startups, Endeavor Catalyst, Quiet Capital)

You can find their website here.

10) GAIA

GAIA

GAIA is Mexico's largest furniture ecommerce company.

Details of the startup:

  • Started in: 2015
  • Founders: Hassan Yassine, Philippe Cahuzac, Raffaello Starace
  • Industries: Consumer Goods, E-Commerce, Furniture, Internet, Retail
  • Number of employees: 251-500
  • Funding: $32,850,000
  • Funding rounds: 4
  • Number of investors: 9 (FJ Labs, IDB Invest, Rise Capital, Cometa (Variv Capital), French Partners)

You can find their website here.

11) albo

albo

Albo is the most well-known challenger bank in Mexico.

Details of the startup:

  • Started in: 2016
  • Founders: Angel Sahagun
  • Industries: Banking, FinTech, Mobile Apps
  • Number of employees: 101-250
  • Funding: $72,125,000
  • Funding rounds: 5
  • Number of investors: 11 (Dr. Cornelius Boersch, Flourish Ventures, Magma Partners, Greyhound Capital, Valar Ventures)

You can find their website here.

12) Klar

Klar

Klar is a FinTech challenger bank that serves Mexican customers with deposit and credit services.

Details of the startup:

  • Started in: 2019
  • Founders: Daniel Autrique, Gianluigi Davassi, Jeronimo Riefkohl, Stefan Moller
  • Industries: Banking, Credit Cards, Debit Cards, Finance, Financial Services, FinTech, Mobile Apps, Software
  • Number of employees: 51-100
  • Funding: $72,500,000
  • Funding rounds: 4
  • Number of investors: 11 (FJ Labs, International Finance Corporation, Prosus Ventures, Mouro Capital, Acrew Capital)

You can find their website here.

13) Sofía

Sofía

Improving the health-care practices of millions of individuals

Details of the startup:

  • Started in: 2018
  • Founders: Arturo Sánchez Correa, Manuel Andere, Sebastian Jimenez Bonnet
  • Industries: Health Care
  • Number of employees: 51-100
  • Funding: $25,300,000
  • Funding rounds: 2
  • Number of investors: 7 (Index Ventures, Ribbit Capital, Kaszek, David Velez, Cavalry Ventures)

You can find their website here.

14) Graviti

Graviti

Graviti is a home appliance buy-now, pay-later marketplace aimed towards LATAM's unbanked population.

Details of the startup:

  • Started in: 2019
  • Founders: Yusef Jacobs
  • Industries: Financial Services, FinTech
  • Number of employees: 11-50
  • Funding: $2,895,197
  • Funding rounds: 6
  • Number of investors: 10 (500 Startups, Active Capital, Clocktower Technology Ventures, Kevin Mahaffey, ShelterTech)

You can find their website here.

15) Fondeadora

Fondeadora

Fondeadora is a digital financial services provider with the goal of eliminating inefficiencies in the traditional banking system.

Details of the startup:

  • Started in: 2018
  • Founders: Gus Alvarez Moreno, Norman Muller, Rene Serrano
  • Industries: Banking, Crowdfunding, Crowdsourcing, Debit Cards, Financial Services, FinTech, Internet
  • Number of employees: 101-250
  • Funding: $32,150,000
  • Funding rounds: 5
  • Number of investors: 10 (Sound Ventures, Y Combinator, Gokul Rajaram, Gradient Ventures, Scott Belsky)

You can find their website here.

16) Stori Card

Stori Card

Stori Card is a digital financial services company that caters to low-income people.

Details of the startup:

  • Started in: 2017
  • Founders: Bin Chen, Manuel Medina, Marlene Garayzar
  • Industries: Banking, Credit Cards, Financial Services, FinTech
  • Number of employees: 51-100
  • Funding: $49,557,000
  • Funding rounds: 4
  • Number of investors: 6 (Lightspeed Venture Partners, DHVC, Source Code Capital, Bertelsmann Asia Investments, Cynthia Chen)

You can find their website here.

17) AlphaCredit

AlphaCredit

AlphaCredit is a consumer lending company that also offers financial services to small businesses.

Details of the startup:

  • Started in: 2010
  • Founders: Augusto Álvarez, José Luis Orozco
  • Industries: Financial Services, FinTech, Lending, Small and Medium Businesses
  • Number of employees: 101-250
  • Funding: $165,000,000
  • Funding rounds: 6
  • Number of investors: 2 (SOFTBANK Latin America Ventures, IDB Invest)

You can find their website here.

18) Conekta

Conekta

Conekta creates an online payment platform that aids banks and financial institutions in securing and streamlining their operations.

Details of the startup:

  • Started in: 2011
  • Founders: Cristina Randall, Hector Cardenas, Leo Fischer
  • Industries: Developer APIs, Enterprise Software, FinTech, Payments, Search Engine
  • Number of employees: 101-250
  • Funding: $21,745,000
  • Funding rounds: 7
  • Number of investors: 12 (500 Startups, Endeavor Catalyst, Google Launchpad Accelerator, Propel Venture Partners, Jaguar Ventures)

You can find their website here.

19) Linio

Linio

Linio is an online retailer that sells a wide range of products in a variety of areas.

Details of the startup:

  • Started in: 2012
  • Founders: Antonio Nunes, Armando Baquero Ponte, Bernardo Cordero, Fernando D'Alessio, Pedro Freire, Ulrick Noel, Wilson Cimino
  • Industries: Consumer Electronics, E-Commerce, Retail
  • Number of employees: 1001-5000
  • Funding: $230,500,000
  • Funding rounds: 6
  • Number of investors: 10 (Rocket Internet, HV Capital, Summit Partners, JP Morgan Chase, Kinnevik AB)

You can find their website here.

20) Flat.mx

Flat.mx

Flat.mx is a real estate tech business that is making the house-buying process easier by removing the traditional stumbling blocks that come with selling a home.

Details of the startup:

  • Started in: 2019
  • Founders: Bernardo Cordero, Victor Noguera
  • Industries: Property Development, Property Management, Real Estate
  • Number of employees: 11-50
  • Funding: $29,625,000
  • Funding rounds: 5
  • Number of investors: 10 (Y Combinator, Liquid 2 Ventures, Expa, Picus Capital, Nate Matherson)

You can find their website here.

21) Heru

Heru

Heru is a technology platform that aims to improve the lives of app developers and freelancers.

Details of the startup:

  • Started in: 2019
  • Founders: Mateo Jaramillo, Stiven Rodriguez Sanchez
  • Industries: Communities, Software, Wellness
  • Number of employees: 1-10
  • Funding: $1,700,000
  • Funding rounds: 2
  • Number of investors: 8 (Y Combinator, Flourish Ventures, Magma Partners, Mountain Nazca, Nicolas Girard)

You can find their website here.

22) Zubale

Zubale

With our gig worker marketplace and embedded software, we help merchants triumph in e-commerce.

Details of the startup:

  • Started in: 2018
  • Founders: Allison Campbell, Sebastian Monroy
  • Industries: Android, Apps, Crowdsourcing, iOS, Retail Technology
  • Number of employees: 101-250
  • Funding: $8,000,000
  • Funding rounds: 3
  • Number of investors: 18 (Liquid 2 Ventures, MAYA Capital, Pear VC, NFX, Industry Ventures)

You can find their website here.

23) Grin Scooters

Grin Scooters

Grin Scooters is a Latin American micromobility firm that combined with Yellow to form Grow Mobility.

Details of the startup:

  • Started in: 2018
  • Founders: Bryan Zambrano, Guilherme Freire, Jonathan Lewy, Karime German, Luis Isaac Ramirez, Sergio Romo
  • Industries: Electric Vehicle, Last Mile Transportation, Mobile, Ride Sharing, Software, Transportation
  • Number of employees: 101-250
  • Funding: $72,652,616
  • Funding rounds: 5
  • Number of investors: 18 (500 Startups, Y Combinator, DCM Ventures, Soma Capital, Liquid 2 Ventures)

You can find their website here.

24) UnDosTres

UnDosTres

UnDosTres is changing the face of consumer payments in Mexico.

Details of the startup:

  • Started in: 2015
  • Founders: Arpit Gupta, Naveen Sharma, Vikram Deswal
  • Industries: FinTech, Internet
  • Number of employees: 11-50
  • Funding: $11,340,000
  • Funding rounds: 6
  • Number of investors: 9 (MassChallenge, Wayra, IGNIA, Cabiedes & Partners, Dalus Capital)

You can find their website here.

25) Atrato

Atrato

Atrato employs cutting-edge technology to underwrite loans at the point of sale in record time and at a low cost.

Details of the startup:

  • Started in: 2019
  • Industries: Financial Services, Payments
  • Number of employees: 11-50
  • Funding: $2,700,000
  • Funding rounds: 2
  • Number of investors: 6 (Accel, Y Combinator, Bill Clerico, Finnovista, Martin Schrimpff)

You can find their website here.

26) Mozper

Mozper

Mozper is a debit card and app that helps children and parents manage their savings and expenditures.

Details of the startup:

  • Started in: 2019
  • Founders: Gabriel Roizner, Pablo Klestorny, Yael Israeli
  • Industries: Debit Cards, Finance, Financial Services, FinTech, Mobile Apps, Mobile Payments, Payments
  • Number of employees: 1-10
  • Funding: $5,135,000
  • Funding rounds: 4
  • Number of investors: 9 (Foundation Capital, Y Combinator, F-Prime Capital, Angel Ventures, Ricardo Weder)

You can find their website here.

27) TrueHome

TrueHome

TrueHome is a Mexican real estate firm that aspires to improve the country's real estate services.

Details of the startup:

  • Started in: 2017
  • Founders: Alvaro Cepeda, Raúl Villarreal
  • Industries: Real Estate
  • Number of employees: 251-500
  • Funding: $10,100,000
  • Funding rounds: 2
  • Number of investors: 6 (FJ Labs, Monashees, Mountain Partners, Dr. Cornelius Boersch, Class 5 Global)

You can find their website here.

28) Cuenca

Cuenca

Cuenca is the creator of an online banking program that allows users to access financial services via the internet.

Details of the startup:

  • Started in: 2018
  • Founders: Matin Tamizi
  • Industries: Banking, Finance, Financial Services
  • Number of employees: 11-50
  • Funding: $9,600,000
  • Funding rounds: 2
  • Number of investors: 4 (FJ Labs, Stripe, Andreessen Horowitz, Kaszek)

You can find their website here.

29) Meru

Meru

Latin America's Asian Wholesale B2B Marketplace

Details of the startup:

  • Started in: 2020
  • Founders: Federico Moscato, Manuel Rodriguez Dao
  • Industries: Marketplace
  • Number of employees: 11-50
  • Funding: $2,400,000
  • Funding rounds: 1
  • Number of investors: 4 (Mountain Nazca, Ricardo Weder, Roger Laughlin, David Geisen)

You can find their website here.

30) Eva

Eva

Eva is working on a wearable gadget that can identify breast cancer risks that is both accessible and non-invasive.

Details of the startup:

  • Started in: 2015
  • Founders: Jose Antonio Torres, Jose Lavariega-Gomez, Julian Rios Cantu
  • Industries: Health Care, Health Diagnostics, Life Science, Medical Device
  • Number of employees: 11-50
  • Funding: $14,253,896
  • Funding rounds: 7
  • Number of investors: 14 (Alumni Ventures Group, Khosla Ventures, MassChallenge, Sound Ventures, Y Combinator)

You can find their website here.

31) Fundary

Fundary

Fundary is a Fintech startup that focuses on SMEs and uses a crowdfunding/crowdlending approach.

Details of the startup:

  • Started in: 2016
  • Founders: Jaime Sánchez, Marcelo De Fuentes
  • Industries: Commercial Lending, Crowdfunding, Financial Services, FinTech, Lending
  • Number of employees: 11-50
  • Funding: $3,200,000
  • Funding rounds: 3
  • Number of investors: 1 (Marcelo De Fuentes)

You can find their website here.

32) Sr.Pago

Sr.Pago

Sr.Pago is a mobile POS solution that allows individuals and small businesses to accept card payments using their smartphones and tablets.

Details of the startup:

  • Started in: 2010
  • Founders: Antonio Flores Aldama, Pablo Gonzalez Vargas
  • Industries: E-Commerce, E-Commerce Platforms, FinTech, Mobile, Mobile Payments
  • Number of employees: 11-50
  • Funding: $13,520,000
  • Funding rounds: 5
  • Number of investors: 6 (IGNIA, Defense.Net, EB Capital, Jay Adelson, Center Electric)

You can find their website here.

33) Kubo.financiero

Kubo.financiero

Kubo.financiero is a Challengerbank licensed to offer savings, debit cards, payments, personal loans, and term deposits.

Details of the startup:

  • Started in: 2012
  • Founders: Allan Seidman, Vicente Fenoll
  • Industries: Credit, Crowdfunding, Finance, Financial Services, FinTech, Lending, Micro Lending, Personal Finance
  • Number of employees: 251-500
  • Funding: $11,250,000
  • Funding rounds: 7
  • Number of investors: 14 (Endeavor Catalyst, Wayra, Google Launchpad Accelerator, Bamboo Capital Partners, G2 Momentum Capital)

You can find their website here.

34) Coru

Coru

Coru is a financial fitness program that promotes financial well-being.

Details of the startup:

  • Started in: 2014
  • Founders: Enrique Horcasitas, Freddy Dominguez, Stefan Bruun
  • Industries: Auto Insurance, Credit Cards, Finance, Financial Services, FinTech, InsurTech, Personal Finance
  • Number of employees: 51-100
  • Funding: $15,000,000
  • Funding rounds: 3
  • Number of investors: 7 (Founders Fund, QED Investors, Credit Karma, Seaya Ventures, Argonautic Ventures)

You can find their website here.

35) moons

moons

Moons is a dental services provider that specializes in health, wellness, and fitness.

Details of the startup:

  • Started in: 2018
  • Founders: Alexander Clapp, Leonardo Miron, Tommaso Tomba
  • Industries: Dental, Health Care, Medical Device
  • Number of employees: 101-250
  • Funding: $5,150,000
  • Funding rounds: 3
  • Number of investors: 5 (FJ Labs, Foundation Capital, Y Combinator, Jaguar Ventures, Tuesday Capital)

You can find their website here.

36) Billpocket

Billpocket

Billpocket is a mobile payments and merchant services aggregator that allows you to take debit and credit card payments.

Details of the startup:

  • Started in: 2011
  • Founders: Alejandro Guízar
  • Industries: Banking, Financial Services, Mobile Payments
  • Number of employees: 101-250
  • Funding: $8,300,000
  • Funding rounds: 5
  • Number of investors: 10 (Magma Partners, Axon Partners Group, Investo, VilCap Investments, Redwood Ventures)

You can find their website here.

37) Urbvan

Urbvan

Urbvan is a mobile app-based mass transit mobility network that connects inner-city commuters in a smart way.

Details of the startup:

  • Started in: 2016
  • Founders: Joao Matos Albino, Renato Picard
  • Industries: Apps, Public Transportation, Transportation
  • Number of employees: 11-50
  • Funding: $11,192,728
  • Funding rounds: 5
  • Number of investors: 9 (MassChallenge, Mountain Partners, Dr. Cornelius Boersch, Kaszek, Conny & Co)

You can find their website here.

38) VISOR ADL

VISOR ADL

Building the most dependable and dynamic Enterprise Health Bureau by providing an ID for growth to all businesses in e-invoicing countries.

Details of the startup:

  • Started in: 2015
  • Founders: JeanBernard Rolland, Ruben Sanchez Souza
  • Industries: Big Data, Business Intelligence, Commercial Lending, Financial Services, FinTech, Lending
  • Number of employees: 51-100
  • Funding: $10,800,000
  • Funding rounds: 6
  • Number of investors: 8 (500 Startups, American Express Ventures, BlueRun Ventures, IGNIA, ALLVP)

You can find their website here.

39) Nelo

Nelo

Nelo is a company that creates a mobile app for financial transactions.

Details of the startup:

  • Started in: 2019
  • Founders: Kyle Miller, Stephen Hebson
  • Industries: Finance, Financial Services, FinTech, Information Technology, Mobile Apps, Mobile Payments
  • Number of employees: 1-10
  • Funding: $3,000,000
  • Funding rounds: 1
  • Number of investors: 5 (Susa Ventures, Unpopular Ventures, Crossbeam Venture Partners, Homebrew, Rogue Capital)

You can find their website here.

40) Cargamos.com

Cargamos.com

There are delivery terminals all over the place!

Details of the startup:

  • Started in: 2019
  • Founders: Ivan Ariza
  • Industries: Apps, Delivery, Last Mile Transportation, Real Estate, Warehousing
  • Number of employees: 51-100
  • Funding: $5,300,000
  • Funding rounds: 3
  • Number of investors: 2 (Mountain Nazca, FEMSA)

You can find their website here.

41) Creze

Creze

Creze is a fintech startup that employs technology to simplify and speed up the risk assessment process.

Details of the startup:

  • Started in: 2015
  • Founders: David Lask
  • Industries: Finance, Financial Services, FinTech, Information Technology
  • Number of employees: 11-50
  • Funding: $17,000,000
  • Funding rounds: 4
  • Number of investors: 2 (Mountain Nazca, Arc Labs)

You can find their website here.

42) Higo

Higo

B2B payments have never been easier.

Details of the startup:

  • Started in: 2020
  • Founders: Rodolfo Corcuera
  • Industries: Software
  • Number of employees: 1-10
  • Funding: $3,300,000
  • Funding rounds: 1
  • Number of investors: 5 (Susa Ventures, Haystack, J Ventures, Homebrew, Audacious Ventures)

You can find their website here.

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