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About Kueski
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$324.8M
Headquarters
Guadalajara, Mexico
Founded
2012
Overview
Company Does Not Provide H1B Sponsorship
Kueski is a digital lending platform in Mexico that offers personal loans ranging from $400 to $23,500 Mexican pesos, all processed online without the need for physical collateral. The platform is transparent, providing clear loan conditions and no hidden fees, and also features Kueski Pay, a service that allows users to make purchases on credit without a credit card. Kueski is regulated by SIPRES and the CNBV, ensuring security for its customers, and it promotes financial education to help users manage their finances. The company encourages responsible borrowing by allowing customers to pay less if they repay their loans early.
Simplify's Take
What believers are saying
- Partnerships with Amazon and BBVA expand Kueski's reach in the digital payment space.
- Kueski's use of AI in credit decisioning enhances loan approval accuracy and speed.
- The rise of BNPL services boosts Kueski's market presence and consumer adoption.
What critics are saying
- Increased competition from fintechs like Littio may attract Kueski's customer base.
- Regulatory scrutiny may increase as Kueski's BNPL service grows in dominance.
- Mexican antitrust measures could impact Kueski's partnerships with major e-commerce platforms.
What makes Kueski unique
- Kueski offers a fully online lending process, eliminating the need for physical collateral.
- Kueski Pay allows purchases on credit without a credit card, enhancing accessibility.
- The company provides financial education resources, promoting responsible borrowing and financial literacy.
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Funding
Total Funding
$324.8M
Above
Industry Average
Funded Over
5 Rounds
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 0%Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Activity in Colombia and Mexico picked up, with fintech dominating the news for the first half of May. Here are the product launches, partnerships, and expansions we saw in the last two weeks.LaunchesColombian bank Bancolombia launched Wenia, a crypto trading platform including a new asset pegged 1:1 to the Colombian peso, aiming to diversify financial services and meet the growing demand for digital solutions. Read more on Contxto.Littio, a Colombian fintech, launched a US bank account through its app, allowing Colombians to easily manage finances in dollars and send remittances at low costs. Read more on LatamFintech Hub.Brazilian neobank PicPay launched a digital account for minors connected to parents’ accounts via their app, allowing parents to set limits, monitor transactions, and schedule automatic allowances. Read more on LatamFintech Hub.Uruguayan crowdfunding platform Crowder announced it will start operating as a private investment platform at the end of May, following approval from the Central Bank of Uruguay in January 2024. Read more on LatamFintech Hub.PartnershipsBBVA Mexico’s payment platform Openpay partnered with fintech Kueski to expand its electronic payment options through payment alternatives including credit and debit cards, transfers, cash payments, and BNPL options
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Activity in Colombia and Mexico picked up, with fintech dominating the news for the first half of May. Here are the product launches, partnerships, and expansions we saw in the last two weeks.LaunchesColombian bank Bancolombia launched Wenia, a crypto trading platform including a new asset pegged 1:1 to the Colombian peso, aiming to diversify financial services and meet the growing demand for digital solutions. Read more on Contxto.Littio, a Colombian fintech, launched a US bank account through its app, allowing Colombians to easily manage finances in dollars and send remittances at low costs. Read more on LatamFintech Hub.Brazilian neobank PicPay launched a digital account for minors connected to parents’ accounts via their app, allowing parents to set limits, monitor transactions, and schedule automatic allowances. Read more on LatamFintech Hub.Uruguayan crowdfunding platform Crowder announced it will start operating as a private investment platform at the end of May, following approval from the Central Bank of Uruguay in January 2024. Read more on LatamFintech Hub.PartnershipsBBVA Mexico’s payment platform Openpay partnered with fintech Kueski to expand its electronic payment options through payment alternatives including credit and debit cards, transfers, cash payments, and BNPL options
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.In the first half of February, major headlines featured companies like Amazon and Nubank. Here are the product launches, partnerships, and expansions we saw in the last two weeks.PartnershipsLending and payments fintech Kueski announced a partnership to offer ‘Buy Now Pay Later’ payment plans to Amazon clients in Mexico. Read more at Latamfintech Hub.Argentinian payment startup N1u partnered with GOcuotas to offer installment plans to its clients in the gaming space. Read more at Latamfintech Hub.Rivium, an investment app for the US stock market, sealed a partnership to integrate its investing offerings with Now‘s multi-product digital banking solution in Mexico. Read more on Latamfintech Hub.Mexican fintech Bonanza launched three virtual credit cards in collaboration with Pomelo, aiming to help individuals build a credit history without incurring debt. Read more at Latamfintech Hub.Tapi, an Argentinian payment technology startup, announced a partnership with payment processing solution PESPay to incorporate Cash In and Cash Out services in its suite of offerings
Mexico’s antitrust regulator Cofece has reportedly recommended that the government order Amazon and Mercado Libre to take “corrective measures” to ensure competition in the eCommerce market. These measures would include giving service providers greater transparency and separating streaming services from marketplace membership, and doing so within six months, Reuters reported Tuesday (Feb. 13), citing a preliminary report released in the official gazette. That recommendation comes after Cofece found that Amazon and Mercado Libre control a combined 85% of eCommerce transactions and sales in Mexico, placing “possible barriers” to competition in that sector, according to the report
Amazon shoppers in Mexico will be able to choose the buy now, pay later (BNPL) offering Kueski Pay as a payment option. The availability of this BNPL product on the platform results from a new partnership of Amazon Mexico and Kueski, a provider of BNPL and personal loans in Latin America, the companies said in a Monday (Jan. 29) press release emailed to PYMNTS. Kueski Pay is now available to select Amazon customers in the country and will be expanded to more in the coming months, according to the release
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About Kueski
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$324.8M
Headquarters
Guadalajara, Mexico
Founded
2012
There are no jobs for Kueski right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Kueski