Axon Partners Group, through its Amerigo Ventures Pacífico Fund, has made an undisclosed investment in mobile payments company Billpocket. The objective is to accelerate e-payments acceptance in Mexico and consolidate Billpocket’s position as one of the country’s foremost companies in the sector.
Billpocket (https://www.billpocket.com/) is one of Mexico’s leading Fintech companies focusing on the mobile payments industry. This investment, part of a larger investment round that will include high-profile strategic and institutional investors, both domestic and foreign, will enable Billpocket to surpass its historical triple-digit growth year on year. It will also strengthen its national coverage by increasing its presence and capillary distribution channels. The proceeds will be used to complement the portfolio 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, “We are delighted to have Axon as investors.” We believe that their resources, strategy and understanding of both the industry and the region will be essential for our continued growth. Their confidence in our vision of the development of financial services in Latin America provides us with the motivation to continue conquering the market and accelerating our growth. This is already a success story.
Francisco Velázquez de Cuéllar, President of Axon Partners Group, commented, “We are delighted to be partnering with Billpocket’s team. They have demonstrated excellence in execution with remarkable efficiency, even with the resources they had. By combining their skills with the market potential in payments and the wide array of financial services that Billpocket offers and will offer, we are confident that the outcome will be outstanding.” This investment reaffirms Axon’s investment thesis for growth equity in Latin America, particularly within the fintech industry.
About Billpocket: Billpocket is a financial services platform that enables any individual or merchant in Mexico to accept card payments. Through its straightforward and accessible solution, Billpocket is a leader in the phenomenon of financial inclusion in Latin America.
About Axon: Axon Partners Group is a Spanish consulting and investment firm with a VC & PE division that manages funds in Europe, Asia, and Latin America. Axon Partners Group is actively involved in the digital ecosystem of the Latin American region through its Amerigo Ventures Private Equity Fund.
