RedCloud is one of the TOP FIVE TECHS that have been awarded the Scale-Up Bridge Program in Mexico

In the midst of a health contingency period, the United Kingdom Department of International Trade (UK DIT) , Grupo Financiero Banorte and the Monterrey Digital Hub , joined forces in the joint ScaleUp Bridge program , with the aim of supporting five British fintechs to connect them with Mexico’s digital entrepreneurship ecosystem. Banorte, one of the largest banks in the Mexican financial system, promotes this program by providing specialized advice and mentoring to fintechs to reactivate the economy through innovation and attracting talent.

Scaleup Bridge is a joint program of the British government, Banorte and Monterrey Digital Hub, through which the English FinTechs with the highest growth projection were identified and selected to promote their growth under the areas that the institution identified as essential for this program: payments and remittances, scoring , identity and fraud, corporate financial management and crowdfunding , and serving the needs of the Monterrey Digital Hub business community.

The companies selected for this business linkage program between the United Kingdom and Mexico are:

  • Pollinate (Payments and remittances) : Platform for the accelerated induction of MSMEs to digital banking, enabling virtual payments and income and expenses analytics.
  • DIGISEQ (Payments and remittances): They enable contactless payment methods and identity management through private devices through account tokenization.
  • Wiserfunding ( Scoring , Identity and Fraud): Specialized in the accurate assessment of the credit risk of small and medium-sized companies through technology and Artificial Intelligence.
  • Trade Ledger ( Scoring , Identity and Fraud): Digital company that optimizes loan operations for clients and individuals thanks to its recommendation engine and profile grouping
  • RedCloud Technologies (Enterprise Financial Management): Platform to enable frictionless payments for small and medium businesses without digitized banking offering an approach to global distribution chains and market intelligence solving the enormous cost of managing cash.

The binational program was presented at an event with the assistance of Juliana Correa (Director of the International Trade Department of the British Embassy in Mexico), Guillermo Güémez (Deputy General Director of Innovation of Grupo Financiero Banorte) and Eduardo de la Garza Sánchez (Manager General of the Monterrey Digital Hub).

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