Mexico-headquartered bank BanRegio is supplying capital to four venture capital funds that back financial technology startups, El Economista has reported.
The funds in question are operated by Mexico-based venture capital firms Jaguar Ventures and Variv Capital, US-based VC firm 500 Startups and US-based co-investment firm Endeavor Catalyst.
None of them have an explicit fintech focus, but Mauricio Ballesteros, BanRegio’s head of investment banking and corporate venture capital, told El Economista it made the investments in order to become more involved with the local entrepreneur ecosystem.