Mexican Fintech Epesos Raises $6 million From Venture Funds

Mexican Fintech Epesos Raises $6 million From Venture Funds

Mexican mobile payments company Epesos has reportedly raised US$6 million in business capital, with Spanish banking giant Santander’s venture capital arm InnoVentures being the biggest contributor. Other institutional investors that participated in the round include VilCap Investments, Pomona Impact, and Fiinlab, the innovation lab owned by Gentera. Epesos offers a revolving line of credit and is particularly popular among small- and medium-sized businesses (SMBs) that don’t have an account with a major bank. The fintech firm is venturing into the labor community by offering employees quick access to cash when they need it. Reports say that its low-cost, short-term […]