The company plans to use the resources obtained in the investment round to accelerate its growth in all the business lines in which it operates today and to expand into new business verticals.
“GBM's objective is to turn Mexico into a country of investors. For the past 35 years, GBM has been a leader in the investment world. Today, thanks to our investments in technology, we can provide our services to anyone in Mexico through GBM +. In addition, we will continue to invest in offering the best products and services in the market to institutional and corporate clients, as well as creating the best base of external advisers in the country. SoftBank is investing in the companies that are transforming the world and GBM is no exception. We are pleased to partner with them as we advance our mission to democratize investment in Mexico. " Pedro de Garay Montero, GBM Co-CEO, pointed out. As digital transformation has accelerated, GBM has continued to scale digital transformation. According to the National Banking and Securities Commission (CNBV), in Mexico there were only 298 thousand brokerage accounts at the end of 2019, while, at the end of last year, the number had increased to 940 thousand accounts. At the same time, GBM went from having 38 thousand investment accounts to having more than 650 thousand, increasing from 8% to 70% its participation in the total investment accounts in Mexico. It was since March of this year when GBM managed to reach the goal of one million brokerage accounts.