How the Mexican neo bank Cuenca became KYC compliant in a few days
NEOBANK
MEXICO
+5
The number of document types you can use to create an account on Cuenca
2 min
The time you need to open a bank account on Cuenca
75,000
The number of users today on Cuenca
Can you explain us what problem you were trying to solve with Mati?
Cuenca opens bank accounts for users from Mexico, as well as internationally. Our company is regulated by CNBV in Mexico, and having the highest KYC/AML standard was a priority for us. With the new screening regulations, the risk of not being compliant is now so high that it could shut any company down in no time. Finding a serious partner for that was really hard. Second thing is that since the beginning at Cuenca, we had a plan to expand globally. This is why we needed to have
Cuenca is a Mexican neobank created in 2018. The ambition of its founder? Turning Cuenca into the only account people need in Mexico. The FinTech have since raised around 10M$ USD, is expanding its services and offers in Mexico and LatAm, and is one of our historical clients in Mexico. We recently met with his founder Matin Tamizi to understand why he originally chose Mati to support his business, and how he's using our User Verification platform today.
Founder & CEO @ Cuenca
INTERVIEW WITH MATIN TAMIZI
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