| Founded | 2018 |
|---|---|
| Closed | 2024 |
| Country | Mexico |
| Sector | Fintech |
| Collapse type | Slow Death |
| Founder | Carlos Mor, Angel Peña |
Vexi
"Mexico's underbanked credit card neobank survived COVID but not rising interest rates and 18% delinquency."
Years-long decline before final shutdown
Key Events Timeline
Vexi was a Mexico City-based neobank offering credit cards to underbanked millennials with thin or no credit histories, founded by Carlos Mor and Angel Peña.
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