Mexico’s Economy to Shrink by 0.3%: Finance Week

This week in finance: Mexico’s deposit insurance fund for Sofipos grew its assets by over 140%, yet solvency concerns remain. The IMF projects a 0.3% economic contraction for Mexico this year.

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Mexico’s Prosofipo Expands Assets as Sofipo Solvency Risks Rise

Mexico’s deposit insurance fund for popular financial institutions, known as Prosofipo, increased its assets by 149% in 2024, amid concerns over the solvency of certain savings and loan entities, including Sofipo CAME. The fund provides deposit protection for customers of Sofipos, insuring up to 25,000 UDIs per person, equivalent to approximately MX$211,000.

Mexico's Economy to Shrink 0.3% in 2025, Says IMF

The International Monetary Fund (IMF) has downgraded its global economic outlook, including for the United States, with Mexico facing the sharpest downward revision among major economies, according to the latest World Economic Outlook report released during the Fund’s Spring Meetings.

Toku Raises US$48 Million to Expand Services Across Latin America

Toku, a Latin American software-as-a-service platform specializing in account receivables, announced it has raised US$48 million (MX$946 million) in Series A funding round, bringing its total financing to US$55 million.  According to the company, this marks the largest Series A raised by a female founder in the region. 

Common Financial Mistakes in SMEs — and How to Avoid Them

Many small and midsized businesses fail not because of lack of revenue, but due to common financial missteps like poor cash flow management, mixing personal and business finances, and relying too heavily on short-term debt. These issues, along with neglecting budgeting and tax planning, create hidden risks that can quietly stall or shut down operations. 

How to Stop Worrying and Start Using AI at Work

AI is increasingly becoming a transformative force across industries, offering tools that can boost productivity, automate repetitive tasks, and enhance decision-making for professionals without requiring technical expertise.