SOFTWARE SECTOR: Software-Enabled Services
STATUS: Current Portfolio Company
WEBSITE: www.finaccess.com

Finaccess, is a financial institution targeting Mexican investors . Finaccess offers Mexican clients all the advantages of low-cost 21st century retail financial services within a secure and confidential structure. Finaccess’ initial strategy is to manage and service the savings of Mexicans , where the consumer has been subject to the inefficiencies of the local banking system; paying high fees for transactions and earning a low interest rate on deposits. Most foreign financial institutions have been focusing on the large institutional market or on the savings (primarily offshore savings) of high net worth individuals, leaving the local markets to mostly antiquated local financial institutions.