Credijusto, a technology-enabled lending platform in Mexico, has acquired Banco Finterra, a Mexico City-based bank that specializes in financing solutions for small businesses and the agriculture sector.
“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.”
“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.”
Mark McCoy, CEO of Banco Finterra, said, “We are very excited for this next phase of the bank and the benefits to come for Mexican businesses, leveraging Credijusto´s technology, agility and service.”