Companies · Mexico

Key Facts

—The deal. On June 8, FEMSA brought in QED Investors, a global fintech fund, as a minority partner in its lending business, keeping majority control itself.

—The reach. Spin, the company’s financial app, sits on top of more than twenty-four thousand Oxxo corner shops and counted eleven million active users at the end of March.

—The partner. QED manages about four billion dollars and has backed Nubank, Klarna and Mexico’s own Bitso and Kavak.