Neobanks in Mexico
These 11 are headquartered in Mexico — parsed from the registered base of each company, so the count is complete. Availability is a different and much harder question: it is verified for 14 products in Mexico so far, out of 381 tracked, so a neobank missing from the second table below has not been ruled out — it has not been checked. Corrections are welcome on GitHub.
The 11 based in Mexico
| neobank | type | hq | custody | license / structure | reported users |
|---|---|---|---|---|---|
| Airtm | hybrid | Mexico City, MX | Custodial | MSB registration (FinCEN, No. 31000329787639); USDC-based dollar wallet | — |
| albo | traditional | Mexico City, MX | Custodial | IFPE license (CNBV, Mexico, 2022) — e-money institution under Ley Fintech | — |
| Bitso | hybrid | Mexico City, MX | Custodial | IFPE (MX) + regional VASP licenses | — |
| Cuenca | traditional | Mexico City, MX | Custodial | IFPE license (CNBV, Mexico, 2021) under Ley Fintech | — |
| DolarApp | hybrid | Mexico City, MX | Custodial | Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026 | — |
| Félix | hybrid | Mexico City, MX | Custodial | US money transmitter — state licenses (NMLS 2302775); agent of UniTeller/Intermex; USDC rails via Bitso | — |
| Fondeadora | traditional | Mexico City, MX | Custodial | SOFIPO license (Fondea Technologies S.F.P., CNBV Mexico, ex-Apoyo Múltiple); Prosofipo deposit insurance | — |
| Hey Banco | traditional | Monterrey, MX | Custodial | Own Mexican banking license (CNBV banca múltiple); independent of Banregio since Jan 2026 | — |
| Klar | traditional | Mexico City, MX | Custodial | SOFIPO license (CNBV, Mexico); acquiring Bineo for its bank license, approvals pending | — |
| Plata | traditional | Mexico City, MX | Custodial | Full Mexican bank license (Banco Plata, Mar 2026); Colombia Compañía de Financiamiento authorized | — |
| Stori | traditional | Mexico City, MX | Custodial | Sofipo (MX) | — |
Also verified as available in Mexico
8 more products are verified as available to customers in Mexico without being based there. This list is as complete as the availability field, which is to say partial.
| neobank | type | hq | custody | license / structure | reported users |
|---|---|---|---|---|---|
| Nubank | traditional | São Paulo, BR | Custodial | Bank licenses BR/MX/CO; US products on Lead Bank while its conditional OCC charter (Jan 2026) is organised | 139M customers (Q2 2026) |
| Ualá | traditional | Buenos Aires, AR | Custodial | Bank licenses (AR via Wilobank, MX via ABC Capital) | — |
| Revolut | hybrid | London, UK | Custodial | UK banking license (2024); EU license (Lithuania) | 50M customers (2025) |
| Strike | hybrid | Chicago, US | Custodial | Money transmitter licenses + NY BitLicense (NYDFS, 2026); Zap Solutions, Inc. | — |
| Uphold | hybrid | New York, US | Custodial | FinCEN MSB + state money-transmitter licenses (US); FCA-registered cryptoasset firm (UK) | — |
| Nexo | hybrid | Zug, CH | Custodial | EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance | — |
| Mercado Pago | hybrid | Buenos Aires, AR | Custodial | Payment/fintech licenses region-wide; pursuing MX bank license | 78M MAU (2025) |
| Kontigo | web3-native | — | Custodial | Self-custodial MPC wallet (USDC); no license of its own; fiat rails via partners | — |
Common questions
Neobanks in Mexico: how many are there?
11 of the 381 neobanks tracked here are headquartered in Mexico. Every entry is verified active and listed on this page with its custody model, license detail and the regions it serves.
Which neobanks in Mexico are the largest?
Not answerable from public data: only 0 of these 11 disclose a user figure at all. The list below is therefore not a ranking, and anyone presenting one for this category is guessing.
How is this list of neobanks in Mexico built?
These 11 are headquartered in Mexico — parsed from the registered base of each company, so the count is complete. Availability is a different and much harder question: it is verified for 14 products in Mexico so far, out of 381 tracked, so a neobank missing from the second table below has not been ruled out — it has not been checked. Corrections are welcome on GitHub.
Related
Neobanks in United States (67) · Neobanks in Canada (6) · Neobanks in United Kingdom (29) · Neobanks in Germany (8) · Neobanks in France (11) · Neobanks in Brazil (11) · Neobanks in Argentina (10) · Neobanks in Colombia (7)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.