MEXICO CITY, May 9 (Reuters) – Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender’s growth.
Bankaool, a small lender which currently holds some 0.1% of the country’s financial assets, has focused on its business-to-business segment but is now betting on rapid growth from consumer borrowers through a mobile application.
Moises Chaves, the lender’s deputy chief executive, told Reuters the company hoped the debut would “continue strengthening the bank’s scale and operations.”
Bankaool, based in the northern state of Chihuahua, expects to finish 2024 with two million digital platform users on the app it launched last November, up from the 75,000 it currently has. It also hopes to add new branches throughout the country.
“If we do our job well with the app, no one will have to enter the branches, but we do not want to lose that capacity and we want roots in all areas,” Chaves said. The bank currently counts 22 branches in Chihuahua and one in Mexico City.
Source: REUTER
