Brazilian FinTech Conductor enters Mexican financial market
By Pavithra R
Conductor, a leading payments & banking as a service platform in Latin America, has announced the arrival of its technological platform in Mexico, considered strategic for the internationalization and global expansion of the company.
Conductor plans to use a relevant part of the US $ 170 mn collected in November 2020 to structure the new operation. The company believes that its entry into the Mexican market has great potential and can become relevant quickly.
“Our goal is to be a player that acts to accelerate the leadership of the financial markets ecosystem where we are present, providing all the necessary support for them to evolve to their full potential. In terms of size and potential, the Mexican market is very similar to the Brazilian market and we believe it will be very relevant for Conductor’s growth. We know there is work to adapt to the local rules and cultures, and we are going to establish a team first level with the aim of replicating the success of our operating model in Brazil through the largest and most complete platform in Latin America for full-stack card processing, digital accounts and acquisitions,” said Executive Anderson Olivares, who served as Director of Business Development in Latin America, assumes the position of Country Manager in the country.
The company intends to offer all the modular solutions of the current portfolio through its open platform in APIs and native cloud. This includes payment processing, bank as a service , fintech-as-a-service , among other digital financial services.
Established in 1997, Brazil-based Conductor is a next-gen payments processor and banking-as-a-service infrastructure provider enabling clients from various industries to offer payment solutions to their end customers. Conductor currently powers over 95 mn accounts and processes more than $30 bn in payment volume across LATAM.
IBSi Prime News
October 21, 2021
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