Fintechs in Mexico identified three major challenges for their businesses in 2023. Despite the dropping investment value in recent years, access to financing was only perceived as the second-biggest challenge. A much more prominent obstacle was scaling up operations and internationalizing, which was identified as the main obstacle by over 55 percent of the fintechs.
Main challenges in the fintech industry in Mexico in 2023
Figures refer to local fintech companies. The source defines fintech as a startup offering financial solutions with the capability of offering a 100 percent digital customer journey.
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Finnovista. (February 28, 2024). Main challenges in the fintech industry in Mexico in 2023 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnovista. "Main challenges in the fintech industry in Mexico in 2023." Chart. February 28, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnovista. (2024). Main challenges in the fintech industry in Mexico in 2023. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnovista. "Main Challenges in The Fintech Industry in Mexico in 2023." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnovista, Main challenges in the fintech industry in Mexico in 2023 Statista, https://www.statista.com/statistics/1462174/mexico-fintech-challenges/ (last visited October 31, 2024)
Main challenges in the fintech industry in Mexico in 2023 [Graph], Finnovista, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/1462174/mexico-fintech-challenges/