Axon Partners Group, through its Amerigo Ventures Pacífico Fund, invested an undisclosed amount in mobile payments company Billpocket with the objective of accelerating e-payments acceptance in Mexico and thus consolidate its position as one of the country’s forefront companies within the sector.
Billpocket (https://www.billpocket.com/) is one of the Mexican leading Fintech companies focusing on the mobile payments industry. With this Investment, which is part of a larger investment round that will include high profile strategic and institutional investors both domestic and foreign, Billpocket will surpass its historical triple digit growth year over year by increasing its presence and capillarity of its distribution channels to strengthen its national coverage. Likewise, the proceeds will be used to complement the portfolio that is currently offered to affiliated merchants in line with the company’s vision of becoming the “go to” company to meet the financial needs of SMEs.
Alejandro Guizar, Founder and CEO of Billpocket, commented “All of us at Billpocket are super excited to have Axon as investors. We are sure that their resources, strategy and understanding of both the industry and the region will be essential for our growth going forward. Their confidence in our vision of the development of financial services in Latin America encourages ourselves to continue conquering the market and accelerating our growth. This is already a success story.”.
About this transaction Francisco Velázquez de Cuellar, President of Axon Partners Group, commented “We are thrilled to partner with Billpocket’s team. They have shown excellence in execution with amazing efficiency when using the resources they had. Grouping their skills with the market potential not only in payments but in the wide array of financial services that Billpocket offers and will offer, we are certain that the outcome will be outstanding”. This investment reaffirms Axon’s investment thesis for growth equity in Latin-America, particularly within fintech industry.
About Billpocket : Billpocket is a financial services platform that allows any person or merchant in Mexico to accept card payments. Through its simple and accessible solution for everyone in Mexico, Billpocket is a leader in the phenomenon of financial inclusion in Latin America.
About Axon Partners Group : Axon Partners Group is a Spanish consulting and investment firm with a VC & PE division that manages funds in Europe, Asia, and Latin America. Through its Amerigo Ventures Private Equity Fund, Axon is actively involved in the digital ecosystem of the Latin American region.