Saldo.mx

Saldo. mx is a digital payment platform facilitating household bill payments in Mexico for users in the United States, enhancing financial control and streamlining the remittance process for expatriates. Founded in 2014 in San Jose, US, Saldo. mx operates as a digital payment platform that allows customers to manage essential bill payments for their families in Mexico.

The company was founded by Graciela Contreras and Marco Neri, who also serves as the CEO. Saldo. mx secured seed funding in April 2016 from Avalancha Ventures, marking its first deal. Saldo.

mx offers a digital payment platform designed to facilitate the payment of household bills in Mexico for users located in the United States. The service enables customers to pay utility bills, recharge mobile phones, and manage other payments directly from their smartphones, using either U. S. Dollars or Mexican Pesos.

Operating for over three years, Saldo. mx primarily serves Mexican expatriates, providing a secure and user-friendly solution that simplifies cross-border payments. Saldo. mx generates revenue through transaction fees for each bill payment processed via its platform.

Users select a service provider, enter payment information, and complete transactions for a fee. The operational model focuses on direct-to-consumer transactions, ensuring a seamless payment experience while maintaining transparency with clients. Following the seed funding raised in April 2016, Saldo. mx plans to enhance its platform by developing new features and expanding its payment options.

The company is targeting expansion into additional regions in Mexico to better serve its users by the end of 2023. The recent funding will be utilized to support these product developments and geographical growth initiatives.