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Mexican BNPL Player Kueski Secures $202 Million in Debt and Equity Financing Nearing $100 Million in Annual Recurring Revenue

Adalberto 1M

This article discusses the Mexican fintech company Kueski, which offers a buy now, pay later (BNPL) service. The company has raised funding from investors including StepStone and Altos Ventures, and is planning to expand to other countries in Latin America.

Some key points from the article include:

  • Kueski’s BNPL service allows consumers to purchase products online and pay for them over time.
  • The company has seen significant growth, with hundreds of companies increasing their online sales by up to 70% after partnering with Kueski.
  • Kueski is focused on expanding its services to other countries in Latin America, and has received investment from top venture capital firms.
  • The BNPL market is expected to grow significantly in Mexico and other parts of Latin America, driven by a lack of access to traditional banking and payment methods.

Overall, the article suggests that Kueski is well-positioned to capitalize on the growing demand for BNPL services in Latin America.