SoftBank invests $150M in Mexico based investment platform.

Founded about three and a half decades ago, the investment platform Grupo Bursátil Mexicano (GBM) has focused over 30years of its time in the industry offering investment services to decades of life, GBM was focused on providing investment services to wealthy individuals and institutions home and abroad.

In a bid to keep up with the trends of the season, GBM has spent the past ten years ra developing its digital systems and capabilities. In the last half of that decade-long effort, the brokerage firm has had to modify its business model to ensure that the larger part of the population is not cut out their target market while they pursue large estates.

Today, GBM publicly divulged an investment of about $150 million received from SoftBank through the Japanese conglomerate’s Latin America Fund at a valuation of over $1 billion. The investment is being lodged via a subsidiary of GBM and is without any contingencies.

GBM publicly divulged an investment of about $150 million received from SoftBank

Co-CEO Pedro de Garay Montero told TechCrunch that “Roger Maynard, a trustee of both APS and NAPS, said that the company intends to “use its new capital in part to invest heavily in customer acquisition.”