{"id":19962,"date":"2026-10-12T12:00:21","date_gmt":"2026-10-12T18:00:21","guid":{"rendered":"https:\/\/miranda-partners.com\/news-and-content\/miranda-intelligence\/fintech-chatter\/mexico-fintech-chatter-october-5-2026\/"},"modified":"2026-11-05T21:48:58","modified_gmt":"2026-11-06T03:48:58","slug":"mexico-fintech-chatter-october-5-2026","status":"publish","type":"post","link":"https:\/\/miranda-partners.com\/es\/news-and-content\/miranda-intelligence\/fintech-chatter\/mexico-fintech-chatter-october-5-2026\/","title":{"rendered":"Mexico Fintech Chatter \u2013 October 5, 2026"},"content":{"rendered":"\n\n\n

Noticias FinTech M\u00e9xico<\/strong><\/h3>

Estephany Ley To Become Fourth CEO of Nu Mx in Seven Years<\/strong><\/h4>

Nubank announced the appointment of Estephany Ley as CEO of its Mexican operations, effective early November. It also appointed Rodrigo Kuri, a former Banamex and Santander senior executive, as Chairman. Ms. Ley, formerly Head of Retail Banking at BanCoppel, will replace Armando Herrera, who served as Nu Mexico\u2019s CEO for a\u00a0little over a year<\/a>; during his brief tenure, the company reached profitability and secured the CNBV\u2019s authorization to start operations as a bank, but ultimately, it\u2019s clear he wasn\u2019t quite the right \u201cNu\u201d fit due to lack of experience in mass retail banking, and a more corporate, risk management, \u201cAMEX\u201d approach to management. The CEO and Chairman changes come after Nu also just changed its Mexico CFO, poaching Mart\u00edn Masola from Revolut Mexico, underlying the upheaval at the company\u2019s Mexican operations.<\/p>

The combination of the widely admired and liked Ms. Ley and Mr. Kuri brings deep experience from three very well entrenched banks \u2013 BanCoppel, Banamex and Santander. At BanCoppel, the US-educated and former Credit Suisse private banker (in Singapore and Switzerland) Ms. Ley, along with the rest of senior management under CEO Carlos L\u00f3pez Moctezuma, helped turn BanCoppel into a broader consumer bank from its retail-lending and remittance origins, retaining its core lower-income customers while attracting wealthier middle-class households with three priorities: expand the product range, improve the digital experience and make better use of Coppel\u2019s extensive physical network. Recently BanCoppel launched payroll loans, auto loans, mortgages, increased personal loans limits, and overhauled the digital experience with a much improved app. Meanwhile, Mr. Kuri spent 10 years at Santander, including over five years in Madrid, where he was Managing Director of the Future (i.e., Digital). He then spent five years at Citibanamex (now Banamex) helping oversee its digital strategy, before running the vital consumer division. Once touted as a possible Citibanamex CEO, he left in 2021 to step back from the corporate world and found Pacto, a restaurant software and payments company that works closely with Santander\u2019s GetNet and BBVA\u2019s OpenPay and is backed by DilaCap and Femsa Ventures, among others.<\/p>

So after the recent missteps, on paper Nu Mexico looks like it now has the management team in place to tackle the next phase of growth as a regulated bank. The goal would be to move from being a somewhat primitive credit card and high yield deposit bank for almost all of its customers to a principal bank with a wide range of products and services, and achieve this while sustaining profitability and managing credit risk prudently in a highly competitive environment. It has the key advantage of a strong brand, low cost to serve thanks to its sophisticated regional digital-AI infrastructure, but the disadvantage of any newcomer in the financial sector \u2013 adverse selection of poor-quality clients \u2013 and a global management team that is quite dispersed and focused on multiple markets.<\/p>

Company press release, 9\/29\/26:<\/strong>\u00a0Nu Mexico appoints Estephany Paulette Ley as CEO to lead its next stage as a bank<\/a>\u00a0| Other sources:\u00a0<\/strong>MexMoves: BanCoppel\u2019s New Retail Strategy (Sep. 2025)<\/a>.<\/p>

Jeeves Raises Funds to Continue Expanding as Mexican Revenues Double<\/strong><\/h4>

Corporate payments fintech Jeeves raised US$110 mn in a round led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz and others. The company plans to use the proceeds to launch its own stablecoin wallet, expand into accounts receivable, and add agentic AI to its platform. According to the company, its Mexican revenues more than doubled over the past twelve months.<\/p>

DPL News, 10\/1\/26:<\/strong>\u00a0Jeeves raises $110 mn to scale platform with stablecoins<\/a>.<\/p>

Lectura adicional…<\/strong><\/h4>