We're incredibly excited to announce that we have invested in the $14m Series A financing round in Fondeadora. Fondeadora is building the first mobile only bank in Mexico with a full banking license. It is doing so via an elegant, savings-focused mobile banking app, linked to an international debit card, allowing people to send, spend and store money seamlessly. Founded in 2018, the company already manages 150,000 accounts and is adding $20 million in deposits every month. Going forward, its ambition is to democratize savings accounts, allowing users to earn interest on their deposits in Fondeadora accounts.