Moneypool Makes Shark Tank History; Banxico Eyes Credit Clarity

This week in finance, Moneypool became the first regulated digital wallet to win investment on Shark Tank México. Meanwhile, Banxico launched a public consultation to boost transparency in credit costs, and Banorte advanced its expansion in Monterrey amid mounting profit pressures from lower interest rates.

More news below:

Moneypool, Mexico’s First Regulated Wallet, Wins Shark Tank Deal

Moneypool, the first digital wallet regulated as an Electronic Payment Fund Institution (IFPE) in Mexico, announced it has secured an investment from Karla Berman during its appearance on the television program Shark Tank México. With this capital, Moneypool becomes the first regulated digital wallet to receive investment on the show.

Banxico Seeks Input on New CAT Rules to Boost Transparency

Mexico’s Central Bank (Banxico) has opened a public consultation on proposed modifications to the general provisions that define the methodology, formulas, components, and assumptions used to calculate the Total Annual Cost (CAT) of credits offered by regulated financial institutions.

Banorte Invests MX$741 Million to Expand Monterrey Contact Center

Grupo Financiero Banorte has begun expanding its Roberto González Barrera Contact Center in Monterrey, Nuevo Leon, with an investment of MX$741 million (US$40.2 million). The project will increase the center’s office space from 16,000 to over 30,000 square meters and expand the number of workstations from 2,000 to 3,800. Construction is expected to take 22 months.

Mexican Bank Profits Drop 2.1% as Rate Cuts Weigh on Income

Profits for banks operating in Mexico declined in real annual terms between January and September 2025, mainly due to lower interest income stemming from the central bank’s rate-cutting cycle. According to data from the National Banking and Securities Commission (CNBV), banking sector profits totaled MX$226.075 billion (US$12.2 billion) during the period, representing a 2.12% real annual decrease.

Wall Street Rises After Senate Progress on Shutdown Deal

US equities surged on Monday after the Senate voted to advance a short-term deal to end the longest government shutdown in US history. The move provided temporary relief to investors but offered only limited political stability, with regulatory and economic data backlogs expected to persist for weeks.