UNIVERSIDAD POLITÉCNICA

DEL CENTRO

EP. ESSAY
Matricula - Nombre del Alumno
004396-Eduardo Hernández de la Cruz

Asignatura
Ingles III

Profesor
Eduardo Zenteno Rosas

Cuatrimestre: 3

Grupo: M2-3

e-mail: k740433@gmail.com

16 de julio de 2021
 Introduction
The main objective of this work is to reflect and let more
people know about the use of Fintech, what it is, which are
the most known, its target market, and why it is so famous now
in Mexico, with this we can get an idea and think correctly if
you want to make use of it.

Development

Fintech is the union of two words in English "finance and

technology" creating a new word, the one mentioned above.

When the word Fintech is mentioned it refers to the improvement

and automation of financial services, providing ease and
flexibility of use to customers who want to access different
financial products and when these are joined to companies
called "Fintech companies" are responsible for serving as
intermediaries within the financial world, specializing in
different means and payment infrastructure, personal finance
and digital loans. Fabian Eduardo (2021, April 28)
The so-called Fintech companies being the intermediaries of
the financial world are categorized for the situation that is
required to be used:

- Means of payment and transfers.

- Infrastructure for financial services.
- Digital credit origination.
- Financial solutions for companies.
- Personal finance and financial advice.
- Financial markets.
- Crowdfunding.
In 2019 Fintech companies gained relevance, growing 14%, making
presence in payments and lending segments. During the beginning
of the pandemic has reconfigured the way we relate to people,
which this includes the different ways of offering and
acquisitions of goods and services, which made the use of
Fintech grow by 70% in Mexico City as most of these companies
are installed there, then monterrey and Guadalajara with 11.0
and 7.0 percent. Tenorio, X. (2021, January 29)

"Mexico is the country with the largest Fintech ecosystem in

the region, proof of this is that 441 Mexican fintechs have
been identified as of 2020" Vidal, V. (2021, June 23).

Despite the fact that there are several companies dedicated to

Fintech, very few can stand out among so many.

A few days ago the company clip, founded in 2012, has become
one of the largest and most recognized in Mexico, valued at 2
billion pesos, the company has been declared a unicorn company.
It follows the path of bitso, a Latin American cryptocurrency
exchange platform valued at 2.2 billion dollars, formed with
the albo app, which is a fully online and mobile bank, this
was incorporated in April and is characterized by following
innovative businesses with unicorn potential. Expansion.
(2021, June 24)

Then we have kubo financiero a digital banking company, which

offers loan services and investment plans, in addition to
offering savings accounts at lower interest rates than other
banks, the company is 100% reliable as they are authorized and
regulated by the National Banking and Securities Commission
(CNBV) and the National Commission for the Protection and
Defense of Users of Financial Services (CONDUSEF). Fabian
Eduardo, F. (2021, April 28)

We also have Coru among one of the best companies in Mexico,

which helps you finance your expenses, through questionnaires,
which you can fill out and the page will be responsible for
sending the best results, it only remains for the customer to
make the best decision to spend their money.
And finally we have Fintech Mexico which is responsible for
collecting different Fintech companies which may be available
to you without resorting to other pages.

All platforms and apps are beneficial for each person who wants
to resort to what they like, each platform or app is so
extensive that you can do everything without moving your feet,
this is a great advance for both the country and for developers,
who gradually built their strength and until today can see it
finished.
 Conclusions
As time has progressed we see how society has built companies
that put the name of Mexico high, such Fintech companies are
something that have come to make our lives easier and are here
to stay, now that I investigate and know more about the subject
I would decide to use them because I know how safe they are
and there are some that can generate goods that later will
benefit you, as I know, there are several types of Fintech each
one of them is different from the others, there are several
types of Fintech each with their respective differences, but
if in such a case I would decide to use one would be bitso, as
it is a page which you can monitor the bitcoins you have in
your possession, obviously I would need to buy some, and of
course they are not cheap because their price increased and
still continues to increase, but they are a way to invest money
that later will multiply.
 Bibliography
Expansión. (2021, 24 junio). Revolución Fintech en México.
https://expansion.mx/opinion/2021/06/24/revolucion-fintech-
mexico

Fabian Eduardo, F. (2021, 28 abril). Mejores Fintech Mexicanas

2021. Rankia. https://www.rankia.mx/blog/mejores-opiniones-
mexico/4995261-mejores-fintech-mexicanas-2021

Tenorio, X. (2021, 29 enero). El sector fintech en México. El

Financiero. https://www.elfinanciero.com.mx/opinion/xiuh-
tenorio/el-sector-fintech-en-mexico/

Vidal, V. (2021, 23 junio). Fintech México: Top 12 fintechs

mexicanas en 2021. Startupeable.
https://startupeable.com/fintech-
mexico/#:%7E:text=Startups%20fintech%20mexicanas%20como%20Cli
p,han%20identificado%20441%20fintechs%20mexicanas.