Fondeadora
Fondeadora is a YC Winter 2020 (W20) company. Based in Mexico City, CDMX, Mexico. Team of 160.
About Fondeadora
Summary
Fondeadora builds a mobile-first financial platform for Mexican consumers, freelancers, and businesses who are either unbanked or dissatisfied with traditional banks. Its products, marketed under the Fondea brand, include fee-free debit accounts, yield-bearing savings, business credit, expense management, and invoice financing. The platform replaces the need for a conventional bank branch relationship across personal, professional, and corporate segments.
Business model
Fee-free core accounts, with credit and financial products layered on for individuals, freelancers, and businesses.
Go-to-market
Fondeadora targets individual consumers, independent professionals, and companies in Mexico, offering self-serve account sign-up through its mobile app with no branch visits required.
From the Y Combinator listing
We are connecting every single Mexican to the financial system.
Fondeadora is the digital alternative to the traditional Mexican banking system. We know that the current system is broken and we want to fix it. Our mission is to free people from their banks by giving them back control over their money. We want to serve the 54 million Mexicans who are unhappy with their current banks and the 65 million of Mexicans who currently do not have a bank account. Our first product is a mobile banking app and an international Mastercard debit card so you can spend, store and move your money seamlessly, completely fee-free. Join us in this magical mystical ride.
Facts
- Fintech / Fintech -> Banking and Exchange
- Mexico City, CDMX, Mexico
- 160
- Active
- Growth
Founders (2)
- Norman Müller
- Rene Serrano
Score every batch against your own thesis
GPAgent's sourcing agent reads every company in a batch, scores each one against your fund's thesis in a private workspace, and lines up the founders worth meeting before Demo Day. You decide who to contact. Your scores, notes, and pipeline never appear on these pages.
How Accelerator intelligence works