Carlos Alonso Torras dives into FTC's Emerging Cities thesis, taking a closer look at Mexico in particular - which we think is unique in its stage of development and scale of opportunity. So far, we've made eight investments in Latin America (five of which are in Mexico) and are looking forward to remaining active in the region and contributing to the emergence of a spending middle class.
In a previous post, we mentioned that fintech companies had been summoned to play an important role in ensuring the financial recovery of Latin America. As the pandemic began to unfold and chaos seemed to take over last spring, these startups faced a juncture of sorts, capable of leveraging unique positioning to extend flexible financing or leverage digital solutions to mobilize stagnant economies in unprecedentedly agile ways. A year (and two investments) later, we are still in the early innings of this process.