Grupo Bursátil Mexicano (GBM) announced Friday that it will receive an investment of up to $150 million from Japanese bank Softbank Latin America Fund.
So, by reaching a valuation of more than $1 billion, GMB becomes the third company to achieve recognition as a unicorn, after Bitso, a cryptocurrency platform, and Kavak, an online car dealership startup.
It should be noted that the term “unicorn” applies to newly created private companies that have achieved a value of at least one billion dollars.
Through this investment, the Softbank Latin America Fund will receive an indirect stake of 7.5 percent of the capital of some of GBM’s subsidiaries focused on providing financial services, according to the statement.
Thus, GBM “will have a partner with an internationally recognized stature and with wide participation in the financial sector, which will help it in providing better financial services to the entire population through various technological tools,” he said.
Grupo Bursátil Mexicano is geared towards providing financial services and products to the Mexican business sector consisting of large corporations and medium-sized companies; Institutional investors, Mexican and foreign.
It has positioned itself as a business group with some of the most solid and reliable financial entities for national and international investment.
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