Mexico’s leading challenger bank completed a Series A investment round led by Gradient Ventures, the Google fund.
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- The fastest growing challenger bank aims to reach more than 500,000 users in the next 12 months.
- Fondeadora is the youngest and first bet from Google in a FinTech company worldwide.
anchor completed an A-led Series A investment round valued at $ 14 million Gradient Ventures, the reason of Google. The businessman, author and investor Scott Belsky, product director of Adobe and founder of Behance – the online platform for the presentation of the work of the creative industry – as well as the investment funds Combinator, IGNIA, Fintech Collective and Sound Ventures founded by Ashton Kutcher.
Fondeadora was founded in 2018 by Norman Müller and René Serrano, a couple of designers who saw the opportunity to bring technology and design together to revolutionize the Mexican banking experience. With its services, Fondeadora aims to facilitate instant access to their money for consumers and give them the freedom to use it whenever they want.
“We are excited to be working with Norman, René and their vision to build the best neobank experience in Latam,” said Darian Shirazi, General Partner of Gradient Ventures.
Norman Müller and René Serrano, co-founders of Fondeadora. Photo: Courtesy of Fondeadora.
With the capital raised in this investment round, Fondeadora will try to reach more than 500,000 users in the next 12 months. In this way, the company will continue to grow in the region and continue to work to deliver a spectacular service experience to its users and achieve the goal of becoming the leading premium savings account in Mexico.
In addition, Fondeadora will shortly implement the payment method for QR codes and the production of cards Infoless, This allows them to offer the safest card and bank account in Mexico.