Financiera Contigo, a Mexican Lending Firm, Launches on Mintos crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Finbond Group Limited
Share code: FGL ISIN: ZAE000138095
(âFinbondâ or âthe Companyâ or âthe Groupâ)
ACQUISITION OF UP TO 35% of FINANCIERA CONTIGO â MEXICO
1. Introduction
S.A.P.I. de C.V. SOFOM E.N.R (âFinanciera Contigoâ) (âContigoâ) that sets forth
the terms and conditions pursuant to which Finbond will acquire up to 35% of
the equity interests issued by Financiera Contigo.
Financiera Contigo provides financial services and products throughout the
Mexican territory. With more than 10 years of experience in the group-based
micro-finance sector, Financiera Contigo, that has a similar business model to
Grameen Bank in India, mainly focuses on group lending and currently serves
BIVA captured 16% of the Mexican stock market during 2020, in its second year of operations
Throughout the year, BIVA increased its business volume by 70%, to 115 million dollars.
In this period, and despite the difficulties induced by the health emergency resulting from the COVID-19 pandemic, the consolidated trading volume recorded by the company amounted to more than 2.7 billion dollars.
During 2020, BIVA broke three years without any IPO in Mexico when the energy company COX Energy America (COXAII:MM) began trading last June. Despite being a complex and atypical 2020 due to the effects of the pandemic, our work alongside issuers and investors to strengthen the Mexican capital market has allowed us to be the fastest-growing option in the nation, María Ariza, CEO of BIVA, explained.