About Vexi
Vexi is a company based in Mexico City (Mexico) founded in 2016 by Salvador Michel, Carlos Franco, Cinthia Merlos Gasca, Gustavo Rojo Blasquez, and Gabriela Estrada. Vexi has raised $32 million across 8 funding rounds from investors including Covalto, Magma Partners and alpha4ventures. Vexi operates in a competitive market with competitors including Stori, among others.
- Total Equity Funding$32M (USD)
in 8 rounds
- Latest Funding Round$15.3M (USD), Debt – Conventional
Apr 2025
- InvestorsCovalto
& 11 more
Apps and channels of Vexi
Vexi publishes 2 mobile apps with over 500K+ downloads; its YouTube channel Vexi Tarjeta de Crédito has 1.63K subscribers and 29 videos.
Videos from Vexi
The most watched videos on Vexi's YouTube channel, Vexi Tarjeta de Crédito (1.63K subscribers). Click a video to play it here.
More on Vexi Tarjeta de Crédito.
Funding Insights of Vexi
Vexi has successfully raised a total of $32M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15.3 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $32M
- Total Rounds 8
- Last Round Debt – Conventional — $15.3M
- Investors Count 12
All 8 funding rounds of Vexi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $15.3M | Debt – Conventional | – | – | |
| Feb 2023 | $8M | Series A | – | Magma Partners | |
| Mar 2022 | – | Debt – Conventional | – | – | |
| Mar 2022 | $24M | Series A | – | Magma Partners | |
| Jun 2021 | $500,000 | Debt – Venture | – | – | |
| Oct 2020 | – | Debt – Venture | – | – | |
| Nov 2018 | $75,000 | Grant | – | – | |
| Sep 2018 | – | Seed | – | Finnovista | – |
12 investors in total: 12 institutional.
Investors in Vexi
Vexi has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Covalto, Magma Partners and alpha4ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Latin American startups. | – | magmapartners.com | - | |
- | – | alpha4ventures.com | - | |
Venture capital-backed accelerator targeting healthcare, finance, and consumer sectors. | – | noacapp.com | London, United Kingdom | |
Pomona Impact is focused on funding social enterprises. | – | pomonaimpact.com | - | |
- | – | redwood.ventures | - | |
Provider of asset-backed loans to small businesses and consumers in emerging markets | – | accialcapital.com | Westborough, United States | |
Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital. | – | vilcap.com | - | |
Venture investments are directed by Fuse Capital across multiple sectors. | – | fuse.capital | - | |
Impact investments are targeted by VilCap Investments venture capital firm. | – | vilcapinvestments.com | San Francisco, United States | |
Startups in the FinTech sector are accelerated by Finnovista. | – | finnovista.com | Madrid, Spain |
Investor details for Vexi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Vexi
5 people are tracked at Vexi (5 in leadership).
| Name | Role | Group |
|---|---|---|
Salvador Michel | Co-Founder & CTO | Leadership |
Carlos Franco | Co-Founder & COO | Leadership |
Cinthia Merlos Gasca | Co-Founder & COO | Leadership |
Gustavo Rojo Blasquez | Co-Founder & CEO | Leadership |
Gabriela Estrada | Co-Founder & CFO | Leadership |
Complete people profiles for Vexi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Vexi
3 dated milestones of Vexi across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Vexi is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $15.3M.
Competitors of Vexi
Vexi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stori, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| storicard.com | 2018 | Miguel Hidalgo, Mexico | $332.5M | – | Credit cards, deposit accounts, and investment products are provided. |
Detailed competitors of Vexi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Vexi
The website of Vexi (vexi.mx) receives about 212.8K visits a month.
- Monthly visits212.8K
▼ 8.3% vs previous month
Websites whose visitors overlap most with Vexi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
carnet.mx | carnet.mx | 100% | – | #4,464,898 | – |
 amazon.com.mx | amazon.com.mx | 74% | – | #277 | – |
uala.mx | uala.mx | 71% | – | #136,078 | – |
mercadolibre.com.mx | mercadolibre.com.mx | 63% | – | #258 | – |
| facebook.com | 31% | 12.1B | #3 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Vexi
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Vexi
Complete news archive for Vexi
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Vexi
10 companies that operate in the same segment as Vexi (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Vexi
Vexi was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Vexi is headquartered in Mexico City, Mexico.
Gustavo Rojo Blasquez is the current CEO of Vexi. They have also founded this company.
Vexi is a funded company, having raised a total of $32M across 8 funding rounds to date.
Vexi was founded in 2016 in Mexico City, Mexico, as a fintech provider of app-based credit cards. Credit limits are assigned to customers through an online application process, enabling spending both online and offline. The mobile app is utilized for expense management, customization, tracking of due and payment dates, and examination of charge and commission details. Operations are centered in the Mexican market.
Vexi's top competitors include Stori.
Vexi has 12 investors. Key investors include Covalto, Magma Partners, alpha4ventures, Noa Capital Partners, and Pomona Impact.
Yes. Vexi publishes Vexi and 1 more app, with over 500,000 downloads.
The website of Vexi receives about 213 thousand visits a month.