# Airtmexico S.A. de C.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/airtmexico-s-a-de-c-v

- Industry: Internet
- Headquarters: Mexico City, Mexico
- Website: www.airtm.io
- Total disclosed funding: $7M
- Latest round: Series A (Aug 28, 2018)
- Investors on record: 1

## About

Airtmexico S.A. de C.V. is a digital wallet platform that enables smooth cross-border payments and currency conversions for individuals and businesses, facilitating financial transactions in various currencies with ease.Airtmexico S.A. de C.V. was founded in 2015 and is headquartered in Mexico City, Mexico. The company specializes in providing digital wallet services, pivoting to enhance its offerings for various user needs. Joshua Kliot is the founder, and the current CEO is Rubén GSP, Rubén Steckel. Airtmexico has successfully raised USD 15 mn in its latest funding round on May 25, 2021, from the Stellar Development Foundation, bringing the total amount raised to USD 15 mn across 7 deals.Airtm operates as a comprehensive digital wallet platform designed to facilitate seamless cross-border payments and currency conversions for individuals and businesses alike. The core offerings include a personal account that allows users to receive and withdraw payments from clients, companies, and various online marketplaces in over 500 different ways. Airtm also provides a U.S. Virtual Account for non-U.S. citizens, enabling them to receive international payments in digital dollars and cash out locally with ease. This service is particularly beneficial for freelancers, microtaskers, gamers, and entrepreneurs looking to manage their personal finances efficiently. Airtm’s platform is utilized globally, with significant customer bases in regions including Latin America, where users often face challenges related to currency devaluation and limited access to traditional banking services.Airtm generates revenue through transaction fees applied to various services within its digital wallet ecosystem. Customers typically engage with the platform by creating an account, depositing funds via multiple methods, and subsequently withdrawing funds to their local currency, incurring fees during each transaction. The company employs a structure that accommodates both B2B and direct-to-consumer interactions, where businesses utilize the platform to facilitate payments to freelancers and other service providers. Specific pricing plans are tailored to the different services offered, including fees associated with currency conversion and withdrawals. Airtm’s flagship offerings include the U.S. Virtual Account and the USD Virtual Card, which allow users to transact globally and manage their funds efficiently.In May 2021, Airtmexico S.A. de C.V. raised USD 15 mn in venture funding from Stellar Development Foundation. The company will use the funding to advance development of its platform by integrating with Stellar Development Foundation to bring global financial services into businesses and consumers in Latin America and the developing world. Future plans include launching new products aimed at enhancing user experience and expanding into new markets, specifically within Latin America and other developing regions, to further address the financial needs of underserved populations.

## Funding rounds

- Series A, Aug 28, 2018, $7M — BlueYard Capital

## Investors

- BlueYard Capital (https://capitalatlas.ai/funds/blueyard-capital) — Series A