Vexi

Founded in 2016 and based in Mexico City, Mexico, Gribma S. A. P. I.

de C. V. , dba Vexi, issues, operates, and processes credit cards that can be managed through a mobile application. Gustavo Blasquez, Gabriela Estrada (CEO), Cinthia Merlos (COO), Carlos Franco (CAO), and Salvador Michel (CTO) are the co-founders of the company.

In February 2023, Vexi raised USD 8. 05 million in Series A funding from Magma Partners, including Alpha4 Ventures, Noa Capital Partners, Pomona Impact, Rebalance Capital, and Redwood Ventures. The company specializes in providing credit cards that offer accessible credit solutions to individuals regardless of their credit history, income verification, or lack thereof. The firm’s primary product line is its Vexi American Express® Card, which is designed to assist users in improving their credit scores while offering a host of benefits and features.

Vexi's credit cards boast numerous advantages, including months without interest for specific purchases, VexiCashback rewards, and an exclusive referral program. The company also provides users with access to various benefits, such as travel accident insurance, protected purchase insurance, and discounts on partnered platforms like Booking. com. In addition, Vexi offers a mobile app that allows users to exercise maximum control over their card, enabling features like turning it on or off, monitoring transactions, and setting purchase limits for added security.

Its mobile app is available for download on both Google Play and the Apple Store. The organization plans to use the February 2023 funding to support the development of its product, increase its workforce, and expand its business reach.