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Airwallex to acquire mexico payments company MexPago

By Delisha Fernandes

October 20, 2023

  • Airwallex
  • Electronic Payment Funds
  • Financial Infrastructure
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Airwallex, MexPago, Fintech Unicorn, Payments, license-holder, financial infrastructure, financial platform, Electronic Payment Funds, Fintech news, Fintech MexicoAirwallex, a global payments and financial platform for businesses, has announced it has signed an agreement to acquire MexPago, a Mexico-based payment service provider.

This acquisition will enable Airwallex to expand its financial infrastructure into Latin America and advance its mission to empower and support businesses to grow and operate across borders. It is an important part of Airwallex’s broader growth strategy in the Americas, where the company has seen more than 460% YOY revenue growth.

Luis Castillejos Ordaz, CEO of MexPago, said, “Airwallex’s ability to connect companies across borders is unparalleled. The combination of MexPago’s payments capabilities in Mexico and Airwallex’s global financial infrastructure will unlock exciting opportunities for companies in Mexico to operate globally, and for companies around the world to operate in Mexico. I look forward to working closely with Airwallex to obtain the necessary approvals and to ensure a smooth transition of ownership.”

Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from payments, treasury, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders

Ravi Adusumilli, Executive General Manager, Americas at Airwallex, said, “This is a critical milestone for Airwallex. It marks our entry into Latin America and our commitment to building truly global and proprietary financial infrastructure. Our team’s ability to drive more than 460% revenue growth in the Americas region is a testament to the vast, unmet demand for end-to-end fintech solutions that allow organizations to operate at a global scale. With the acquisition of MexPago, we’re on a path to become the number one payments and financial platform for modern businesses to go global. We’re excited to welcome Luis and the MexPago team to the Airwallex family.”

 

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