Kapital Becomes Unicorn, Banxico to Cut Rates: Week in Finance

Clip calls to build a more connected financial ecosystem, while Binance launched Medá, and Kapital reached unicorn status in Mexico after a final funding round. At the same time, President Claudia Sheinbaum’s first government report highlighted record foreign investment and stable economic indicators, while Banxico signaled room for further rate cuts.

This and more this Week in Finance!

The Female-Led Journey to a Connected Financial Ecosystem

Mexico’s fintech ecosystem is undergoing a profound transformation in 2025, driven not only by technological innovation but also by the growing role of female leadership, says Myriam Cosío, Chief External Affairs Officer, Clip. Women leaders are reshaping the industry by focusing on empathy, collaboration, and user-centered solutions, moving beyond product-driven models to prioritize transparency and trust. 

Binance Launches Medá as Independent Payment Institution

Binance announced the creation of Medá, an Electronic Payment Funds Institution (IFPE) that will operate independently in Mexico under one of the company’s business units. The National Banking and Securities Commission (CNBV) authorized Medá in May 2022, making it the 31st entity approved under Mexico’s Fintech Law.

Kapital Becomes US$1 Billion Unicorn After New Funding Round

Mexican financial technology company Kapital has reached a valuation of more than US$1 billion following a new funding round, placing it among the country’s few unicorns. The company announced it raised US$86 million in a round led by Tribe Capital and Pelion Ventures, bringing its total valuation to US$1.3 billion. 

Sheinbaum Highlights Economic Growth, FDI Record in First Report

President Claudia Sheinbaum delivered her first government report on Sept. 1, emphasizing economic indicators, legislative reforms, and social programs implemented during her first 11 months in office. Sheinbaum reported that Mexico’s economy grew 1.2% in 2024, surpassing projections from international organizations. Inflation stood at 3.5% in July, the lowest level since early 2021, while the exchange rate remained below MX$19 per dollar. Public debt remained stable at around 50% of GDP, while foreign direct investment reached a record US$36 billion during 1H25, according to the president. 

Banxico Governor Hints at Further Rate Cuts After 7.75% Move

Banxico may continue its cycle of interest rate cuts after lowering the benchmark rate by 25 basis points in August, Governor Victoria Rodríguez Ceja said. She stated that future monetary policy decisions will depend on inflation trends, the economy’s cyclical position, and exchange rate conditions. The August cut brought the benchmark rate to 7.75%.