Conductor, the leading platform in payment methods and bank as a service in Latin America, announces the arrival of its technological platform for the financial market in Mexico, considered strategic for the internationalization of the company and its global expansion.
Of the US $ 170 million collected in November 2020, a relevant part will be used to structure the new operation. The company believes that its entry into the Mexican market has great potential and can become relevant in a short period of time.
The company intends to offer all the modular solutions of the current portfolio through its open platform in APIs and native cloud. They include: payment processing, bank as a service , fintech-as-a-service , among other digital financial services.
Executive Anderson Olivares , who served as Director of Business Development in Latin America, assumes the position of Country Manager in the country. “Our goal is to be a player that acts to accelerate the leadership of the financial markets ecosystem where we are present, providing all the necessary support for them to evolve to their full potential,” says the executive.
“In terms of size and potential, the Mexican market is very similar to the Brazilian market and we believe it will be very relevant for Conductor’s growth. We know there is work to adapt to the local rules and cultures, and we are going to establish a team first level with the aim of replicating the success of our operating model in Brazil through the largest and most complete platform in Latin America for full-stack card processing, digital accounts and acquisitions, “he adds.
Conductor currently manages more than 95 million accounts and processes more than $ 30 billion in payment volume. It recently underwent an investment round led by Viking Global, with additional participation from investors such as Temasek and Sunley House Capital, joining Riverwood Capital and Visa, Inc. One of the objectives of this contribution was to drive internationalization.