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South Africa, Financial Services
Brazil, Financial Services
Miami, Enterprise Software & Services
Launching Mexico’s first digital currency exchange via an online platform, Bitso’s cofounders have developed a system based on blockchain technology, which allows for fiat (national currency) to digital currency trades (and vice-versa) and worldwide money transfers. Operating in the vibrant emerging Mexican fintech market, Bitso boasts an impressive number of B2C and B2B clients, which use its technological infrastructure to send and receive payments from end-users in Mexico. Working to fix Mexico’s financial inclusion problem, Bitso looks to grow international transfers, including remittances, which represent Mexico’s most important source for capital inflows at US$28B per year.
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