| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | Mexico |
| Sector | Fintech |
| Collapse type | Mass Layoff Spiral |
| Founder | Adal Flores |
Kueski Pay (BNPL División)
"Mexico's BNPL pioneer drowned in defaults and regulatory pressure simultaneously."
Cascading layoffs that accelerated the decline
Key Events Timeline
Kueski, Mexico's largest BNPL player, raised $202M through 2022 but faced a CNBV regulatory tightening in 2023 requiring stricter capital reserves for SOFOM entities.
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