Please feel free to get in touch if you are working on one of these ideas.
Last updated: December 14th, 2023
- Digitization of notarial system in Mexico
- WeeTrust appears to be going in this direction, but has yet to demonstrate adoption from notaries.
- Digitization of the Financial Trust system in Mexico (fideicomisos)
- Assigning property to fideicomisos in Mexico is a time intensive, burocratic process. It would be nice to have the ability to do such procedures completely online!
- CoStar for Latin America
- While QuintoAndar & Loft have made compelling arguments for control of the residential market, I have yet to see substantive market share established from someone in the Commercial Market.
- Spot2 & SuaQuadra are making interesting strides in the marketplace space, but are still very young.
- ZocDoc for Latin America
- ElevarSalud has created an interesting WhatsApp bot to enable free mobile consultations and I expect will enter the diagnostic space.
- Wealth Management Super App for Mexico
- Flink, Vest & others have taken swings at this market as of late; however, it is not clear if any substantive progress has been achieved. The private pension/AFORE system is still the dominant force in the financial lives of workers in Mexico. As is often the case, I suspect distribution remains the challenge for startups.
- Digital HELOC & Reverse Mortgage Lender for Mexico
- Such a contemplated startup could use AI driven virtual appraisal to rapidly underwrite physical assets & deploy securitized credit.
- Multi-Month Salary Advance financing for Mexico
- Runa currently offers a product which let’s employees realize worked value, I understand adoption is strong.
- Providing large loans collateralized by employer pledge could unlock massive liquidity for employees to finance important purchases. The “Advance” could be for unpaid benefits (vacation, bonus, etc) in order to avoid adverse selection.
- Mercury-like business banking
- The current business banking options offer a horrific digital experience. The market leader is Spark by BBVA, which has left many frustrated and desiring more.
- Many have attempted to enter the space, such as Fondeadora, Covalto & Oyster, but not one has been able to create anything relatively close to Mercury.
- Minutes after I added this entry, it was announced that Kapital raised $165m in combined E/D to give SMB's a better banking experience. We may have a breakaway candidate. ¡Vamanos!