Know more about Mexico Startups Ecosystem

Recently Mexico has all been in the news for the first Latin American country to pass a law regulating fin-tech. This laid path to a lot of new technologies including blockchain technology. With this new wave of opportunities, availability, and accessibility of resources made Mexico a very good ecosystem for startups and nearshore software development options.

In spite of being fairly new to tech stuff, Mexico does offer a lot to the new startups. Unlike other conventional tech hubs, Mexico allows close business ties with the US. Along with ambitious government initiatives, the tech ecosystem is growing fast in Mexico with abundant home talent and available resources.

Speaking of fast-growing startups,mobile app development,web development,nearshore software development,available technical talent pool in mexico are the most important ones of all. Since the regulation of fin-tech by the government of Mexico, a total of 1200+ startup initiatives were made all across the country.

There are many reasons for this rapid evolving of startups in Mexico. The primary reason for this is the availability of workspace,nearshore to united states (usa). This is perhaps the most important thing for launching any startup. Mexico has had a lot to offer in this field.

There are three main factors which are contributing to the improvement of the startup ecosystem in Mexico, Government support, funding opportunities, and tech talent.

The government of Mexico is trying hard to improve tech startups in the country. The recent regulations made are a consequence of this effort.

Mexico is a great hub for funding opportunities. These funds are from both government and private enterprises. So, capital for new startups is not an issue in Mexico.

Since the past 20 years, Mexico is trying to revive itself and improving tech talent among the local alumni is a part of the scheme.

Of all the new startups there are being launched in Mexico, app and website development, other techs related stuff are more predominant.

There are many startups today that are using custom app development to provide their services. For instance, Zaveapp is a startup launched in 2014. However, it drew everyone’s attention in a very short time. They offer their services through a mobile phone application and will help the user to manage their money through it. This app not only helps its user to manage the funds but also in how to circulate it. The company started small but gained a huge reputation as a reliable service in a short span of time.

Linio is one of the recent sensational startups in Mexico. It is an e-commerce company that
offers a wide range of products ranging from home appliances, books to personal care products.
This company offers almost 7 million products from 1600 suppliers.

Another such trending startup in Mexico is Konfio. It is an online lending platform that assists
micro-businesses which do not access to credit. They lend them affordable loans and it has
been a very huge success. It has raise total funding of $18 million dollars in 3 funding rounds
which are really exceptional.

The primary reason for the success of Zaveapp is its design. No doubt the idea of business is very unique but without a proper design for the app, it may not have been a success as it is today.

Most of the startups are relying on such custom app development services,nearshore software development in mexico,mexico outsourcing to launch their idea or business. So, very great care should be taken while building an app. It is preferable to take the assistance of a well-reputed app development company like HunterTech for instance. Huntertech is a custom app development and top nearshore software development in mexico which assisted in launching many successful startups in Mexico.

In conclusion, Mexico is a present-day dreamland to any startup. Whether it is the opportunities it has to offer or the ecosystem it built, it has been the primary interest to any global startup related to fin-tech. According to many experts, it is a win-win situation on both sides.

If you are a startup in mexico or any business looking for software product development and IT Services,Nearshore software development,PWA Apps,Mobile Apps,HunterTech will help you with world class infrastructure,highly skilled team and flexible and affordable pricing model as your trusted IT partner.

What are you waiting for? Lets talk : hello@huntertechglobal.com