Techreo targets the underbanked in Mexico

echreo, a Mexican digital startup, raised $5 million in its first-ever capital round, as well as an additional $1.5 million in secured financing from Jeeves Fintech, extending the strong momentum for venture capital investments in Latin America well into 2022.

The financial technology company began operations in December 2021 with the goal of bringing consumers from the small and medium-sized business sector into the financial system. The AMB segment is often the one that receives the least amount of bank funding.

Techreo is a platform that offers a variety of digital products, such as loans, investments, and other digital wallet services, in order to bridge the gap and attract SMEs. CAME Sofipo, a financial institution that already services micro-entrepreneurs in Mexico, has partnered with the company.

Techreo’s arrival is one of the most recent examples of financial technology companies seeking clients at the bottom of the pyramid.