Company Overview

Fondeadora is a Mexican challenger bank and digital banking platform offering consumer and business banking services including accounts, debit cards, payments, and financial management tools. Founded in 2018 and backed by Y Combinator (W20), the Mexico City-based company raised $109.83M in total funding including a $50M+ Series B in November 2021 co-led by FinTech Collective and Section 32, with participation from Gradient Ventures (Google's AI fund), Portage Ventures, IGNIA Partners, and others. As of 2020, Fondeadora managed 150,000 accounts with $20M in monthly deposit growth.

Revenue
$109.83M
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Key Differentiators

Strong Challenger

Fondeadora is an established challenger with significant market presence and competitive offerings in Finance.

Growth Stage

Fondeadora has achieved $109.83M in revenue, demonstrating strong product-market fit.

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