The company’s expansion reflects a global trend of fintech firms acquiring regulated banks to enable more diversified product offerings. The acquisition doubles the size of its business and quickly accelerates Credijusto’s growth. With the addition of Banco Finterra, the company is positioned to become the largest financial services provider to small businesses in Mexico as well as the leader in cross-border banking solutions between the U.S. and Mexico. As the largest trading partner to the U.S., Mexico is an increasingly important economic and strategic ally. “Our acquisition of Banco Finterra creates the first truly digital banking platform for Mexican SMEs,” said Allan Apoj, Co-CEO of Credijusto. “This acquisition marks a major milestone in Mexico and the region, and we are proud to be revolutionizing the future of banking in Latin America.” The combined businesses have lent over $2 billion to underserved SMEs, while Credijusto has raised more than $400 million in equity and debt. “By combining our proprietary software and data science expertise with Finterra’s banking capabilities, we are building a next generation financial services business,” said David Poritz, Co-CEO of Credijusto. “Our acquisition will also enable a digital cross-border experience to the thousands of businesses engaged in commerce between the U.S. and Mexico, an opportunity that we see as a major driver of growth for Credijusto.”

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