M&A advisory services in Mexico
Mexico's technology M&A market is increasingly active at both the tuck-in and platform levels, with US strategic buyers, regional PE sponsors, and Mercado Libre's corporate development team among the most consistent acquirers of Mexican digital businesses.
Exits including Cornershop's acquisition by Uber and a wave of cross-border fintech tuck-ins illustrate the appetite for well-prepared Mexican assets with defensible unit economics and strong KPI histories.
We advise both bootstrapped and venture-backed Mexican founders: our network spans PE sponsors and strategic acquirers across Mexico and the US, and our lean end-to-end process - from KPI-driven preparation through to structuring and close - is built to navigate cross-border deal complexity and maximise founder outcomes.
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Mexico tech M&A deals in the last 12 months
$68M
Mexico median tech M&A valuation
0.2x
Mexico median tech M&A revenue multiple
$100M
Mexico biggest tech acquisition in the last 12 months
Selling your tech company in Mexico
Mexican M&A involves significant cross-border, regulatory and tax-structuring complexity. Most material Mexican exits involve offshore holding structures and US/Brazilian acquirers; the choice between cross-border and pure-Mexican deal mechanics materially shapes the post-tax outcome.
Completion accounts dominate
Mexican private M&A is predominantly completion-accounts based, with detailed working-capital target and adjustment mechanics. Locked-box has limited adoption. Closing-day mechanics typically include estimated-then-adjusted purchase price.
W&I insurance is growing
Warranty & indemnity insurance is becoming more common in Mexican deals above roughly USD 25M, particularly in cross-border transactions. Premiums (2-3% of cover) typically split between buyer and seller.
COFECE merger control
COFECE (Federal Economic Competition Commission) reviews transactions above the relevant turnover and asset thresholds. Most pure-tech tuck-in deals don't trigger; large strategic deals routinely do.
Capital gains for founders
Mexican individuals are taxed on share disposal gains at progressive rates (up to 35%). Offshore holding structures (Delaware, US, certain favourable jurisdictions) materially shape the post-tax exit outcome for Mexican-resident founders - worth planning 12+ months ahead of a sale.
Cross-border tax considerations
Most material Mexican tech exits involve offshore (Delaware) holding entities. Mexican source-rule taxation can apply to sales of foreign entities deriving substantial value from Mexican assets. Requires careful pre-sale planning around source rules, tax treaty positions and structuring.
Sectoral foreign ownership
Specific Mexican sectors (financial services, broadcasting, ports, certain energy) have foreign ownership caps and approval requirements. Most pure-tech transactions operate without sector-specific approval; worth checking at LOI stage.
Recently acquired tech companies in Mexico
Biggest M&A recently in Mexico was a $100M acquisition of Jüsto by OMNiLabs in January 2026.
See all M&A deals in Mexico| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Jan-26 | Jüsto | | Jüsto is a Mexico City-headquartered dark store grocery chain delivering fresh produce, meats, beauty items, and household goods. Founded in 2020 by former Cornerstone Ventures executives, it operates 10 warehouses serving 50,000 daily orders in CDMX, Guadalajara, and Monterrey within 15 minutes. Jüsto raised $85 million in funding from SoftBank and Jaguar Ventures. | OMNiLabs | $100M | - | |
Feb-26 | kubo.financiero | | kubo.financiero is a Mexico City-headquartered fintech firm offering regulated savings accounts, personal loans, and fixed-term deposits. It operates under a lean peer-to-peer lending model that connects borrowers with investors via its online platform. Licensed by Mexico's CNBV, kubo.financiero serves over 200,000 users across the country with services emphasizing financial inclusion for the middle class. Launched in 2013, it maintains branches in major cities like Guadalajara and Monterrey. | Credito Maestro | $36M | 0.2x | |
May-26 | T | TEC360 People | | TEC360 People is a Mexican company that supplies HR technology and talent solutions to clients in manufacturing, financial services, and food and agriculture. | HR Path | - | - |
Apr-26 | Rocket Lab | | Rocket Lab is an app marketing company that develops solutions to drive app growth via user attraction, acquisition, and engagement. The firm delivers mobile advertising, user acquisition tools, ad tech, and performance marketing for app developers. | MiQ | - | - | |
Mar-26 | Alima | | Alima is a Latin America-focused digital marketplace that connects fruit and vegetable suppliers with buyers such as retailers and wholesalers. The platform optimizes procurement by matching quality produce with competitive pricing through an online bidding system. Headquartered in Bogotá, Colombia, Alima serves markets across Colombia, Peru, and Ecuador. It streamlines logistics with real-time inventory tracking and automated delivery scheduling. Launched in 2019, the service reduces procurement time for businesses by integrating supplier catalogs and buyer demands into a single interface. | Pepper Ecommerce | - | - | |
Oct-25 | La Lenderia | | La Lenderia, S.A.P.I. de C.V. is a Mexico City-based fintech providing consumer loans, leasing for electronics and vehicles, and installment payment plans through the Kredeo app. It uses AI underwriting for approvals under 5 minutes and serves over 1 million users with partnerships to retailers like Liverpool. | mPWR | - | - | |
Oct-25 | alohome | | Alohome is a Mexico City-based technology platform digitizing new home sales transactions in Latin America. The software enables real estate firms to manage online listings, virtual tours, contracts, and payments for homebuilders, expanding market reach through tools that accelerate closings in Mexico and Colombia. | Koggi | - | - | |
Sep-25 | Apli | | Apli is a Mexico City-headquartered software provider that delivers AI-powered multichannel chatbots for enterprise recruitment, onboarding, and employee learning. The platform serves major employers across Latin America and the United States, particularly those with large frontline workforces, by automating candidate interactions and lifecycle management processes. Apli's tools integrate seamlessly to enhance productivity for clients including Fortune 500 companies in retail and hospitality sectors. | iCIMS | - | - | |
Sep-25 | Bineo | | Mexico City-headquartered Bineo functions as a branchless digital bank accessible via mobile app throughout Latin America. Services include savings accounts, personal loans, and Pockets feature for segregated savings goals with growth options. Users receive virtual and physical debit cards without minimum balances or maintenance fees. Bineo collects transaction data to tailor financial products and expands its platform with personalized insights drawn from user behavior analytics. | Klar | - | - | |
Aug-25 | VALU | | VALU is a Mexico City-based recruitment technology company founded in 2023. The firm employs artificial intelligence through its Serena platform to automate screening interviews, delivering unbiased candidate evaluations. VALU integrates with applicant tracking systems to streamline hiring for enterprises in Latin America. | UBITS | - | - | |
Jul-25 | Naya Homes | | Naya Homes is a proptech firm focused on vacation and short-term rental management alongside consumer financing options in the real estate sector. Dubai-headquartered, it offers end-to-end solutions for property owners including listing optimization, booking management, and flexible payment plans. The company operates across the Middle East, partnering with platforms like Airbnb to expand rental portfolios. | Casago | - | - | |
Jun-25 | M | Mastercard’s Arcus (Mexico Operations) | | - | Tapi | - | - |
Who is buying tech companies in Mexico?
HR Path, Klar and MiQ are the most active acquirers in Mexico.
See all acquirers in Mexico| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
HR Path | | HR Path is a global consultancy with over 500 consultants across North America, Europe, and the Middle East, dedicated to HR systems integration, outsourcing, and business consulting. As an authorized reseller of SAP SuccessFactors, HR Access, Oracle HCM, Cegid, Sage, and Talentsoft in France, it also offers proprietary tools like BiHRdy for business intelligence, Pandore for HR, payroll, and time management, and Geef for talent management. Serving CAC 40 companies, SMEs, mid-sized firms, and public sector entities via hr-path.com. | TEC360 PeoplePay Human GroupGDT Brasil+1 | 2 | |
Klar | | Klar is a Mexico City-based digital banking platform offering deposit accounts, instant credit, and cashback rewards without commissions. Accessible via mobile app and debit card, it provides low-cost alternatives to traditional loans for underserved customers across Mexico, emphasizing secure transactions and quick withdrawals. | BineoTribal mexicoSomos Cred Capital | 2 | |
MiQ | | MiQ is a global programmatic media partner for marketers and agencies. The company delivers cross-channel advertising solutions leveraging AI technology and audience data from multiple sources. MiQ optimizes campaigns across display, video, CTV, and audio for enhanced reach and ROI in diverse markets worldwide. | Rocket LabAdsmovil (Latin America unit)Pathlabs+1 | 1 | |
Casago | | Casago is a vacation rental management firm handling short-term stays, corporate housing, and specialty properties. It manages over 5,000 properties across Mexico and the United States with full-service operations including marketing, maintenance, and guest services. Founded in 1996 in Puerto Peñasco, Mexico, the company operates physical offices in 17 cities spanning both countries, delivering revenue management and 24/7 support to property owners. | Naya HomesVacasaNokori | 1 | |
OMNiLabs |  | OMNiLabs is a technology firm designing and developing disruptive solutions across various industries. | Jüsto | 1 | |
iCIMS | | iCIMS is a Holmdel, New Jersey-headquartered developer of cloud-based talent acquisition platforms. The software manages full recruitment lifecycles including sourcing, engagement, hiring, onboarding, and advancement for industries such as retail, healthcare, manufacturing, finance, and insurance. Core offerings encompass applicant tracking systems, candidate relationship management tools, and AI-enhanced assessment features. iCIMS supports global organizations with multilingual capabilities and integrations for streamlined workforce building. Founded in 2000, the company operates offices across North America, Europe, and Asia Pacific. | ApliSkillSurveyCandidate.ID+1 | 1 | |
Koggi | | Koggi is a Bogotá-headquartered fintech platform that employs artificial intelligence to automate and accelerate mortgage credit evaluations for financial institutions across Latin America. The company integrates machine learning models with borrower data to deliver instant credit decisions, reducing processing times from weeks to minutes. Koggi partners with major banks like Banco de Bogotá and AV Villas, processing thousands of applications monthly. Launched in 2020, it operates primarily in Colombia and Peru, supporting over 50 financial entities with its API-driven solution that enhances approval rates while minimizing default risks through predictive analytics. | alohome | 1 | |
UBITS | | UBITS is a Mexico City-based online learning platform offering corporate training in digital skills, leadership, and compliance for Latin American firms. Courses cover AWS cloud, Salesforce, and Excel analytics in Spanish and Portuguese. UBITS serves 500+ enterprises with gamified microlearning and LMS integration. Launched in 2017, it partners with Microsoft and Google for certifications. | VALU | 1 | |
Credito Maestro | | Credito Maestro is a Mexican consumer lending company operating under the legal name Financiera Maestra, S.A. de C.V., SOFOM, E.N.R. Founded in 2002 in the state of Guerrero, the company specializes in payroll-deduction loans for unionized public sector employees, pensioners, and retirees in sectors including education, healthcare, and state government. Credito Maestro operates approximately 50 branches and mobile units across 21 Mexican states, has originated nearly one million loans over its history, and currently serves around 150,000 active customers. The company processes between 5,000 and 7,000 loan applications per month and employs between 1,000 and 5,000 staff. In February 2026, reports indicated that Credito Maestro was advancing a USD 35.6 million merger with Kubo Financiero. | kubo.financiero | 1 | |
Tapi | | Tapi is a Latin America-focused fintech provider of e-wallet and merchant payment solutions for online and in-store transactions. Panama-based, it offers digital wallets with balance management, transaction history, payment processing integration, cross-border transfers, currency exchange, fraud detection, and sales analytics for businesses. | Mastercard’s Arcus (Mexico Operations) | 1 |
Public tech companies in Mexico
Banco Invex is Mexico's largest publicly listed tech company, with a market cap of $2.1B.
See all public companies in Mexico| Logo | Description | Sectors | ||||||
|---|---|---|---|---|---|---|---|---|
Banco Invex | Banco Invex SA Institucion De Banca Multiple-Invex Grupo Financiero is a Mexican financial institution which delivers specialized solutions. The company's business divisions are Private Banking, Business Banking, Cards, Trust, Infrastructure, and Leasing. The services provided by the company includes provision of banking and credit financial services, transactional and fiduciary services, granting of finance to corporate clients, large and medium-sized businesses through commercial loans, working capital credit lines, and other. It also offers various products such as the issuance of letters of credit, transactions with derivatives, financial counseling, and financial factoring operation. | $0.880 | +11.4% | $2.1B | -$1.5B | - | ||
Betterware de Mexico | Betterware de Mexico SAPI de CV is a direct-to-consumer selling company. The company operates through two business segments: the home organization products (Betterware segment or BWM segment) and the beauty and personal care products (B and PC) (JAFRA segment). The Betterware’s segment is divided in seven categories of the home organization: Kitchen and food preservation, Home solutions, Bedroom, Bathroom, Laundry & Cleaning, Tech & mobility and wellness. The JAFRA’s segment is divided into four categories beauty and personal care: fragrance, color (cosmetics), skin care and toiletries. The company generates a majority of its revenue from the Beauty and personal care (B&PC) (JAFRA segment). Geographically, key revenue for the company is derived from Mexico. | $16.64 | +110.1% | $620M | $857M | 1.0x | ||
Axtel | Controladora Axtel SAB de CV is an Information and Communication Technology company that serves the business, government, and wholesale markets, through its business units Alestra (services) and Axtel Networks (infrastructure). The business and government portfolio includes solutions for managed networks, collaboration, and information technology (IT) such as systems integration, cloud services, and cybersecurity, among others. | $0.040 | - | $193M | $690M | - | ||
Grupo Sports World | Grupo Sports World SAB de CV is an operator of family sports clubs in Mexico and the only public company in the Wellness industry in Latin America. The company offers a wide range of activities and sports programs focused on the specific needs and demands of clients, as well as training, health and nutrition services in accordance with the latest international trends in the industry. | $0.531 | +42.0% | $128M | $132M | - | ||
Fr8Tech | Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. The company uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. | $3.79 | -64.6% | $2.2M | $5.3M | - | ||
Tofla Megaline | Tofla Megaline Inc is a development stage company engaged in developing the software for security systems in Mexico. The company plan to provide easy-to-use, high quality and cost-effective automation AI solutions. It will be focusing on both stand-alone and integrated solutions to cover a broader selection of services, especially in the surveillance area. Using autonomous robotic units as a means of surveillance is a new tendency all over the globe. Robotic units can be used for patrolling warehouses, malls, backyards, office areas and buildings, etc its focus is going to be developing specialized software for the units that will cover all the necessary functionality for surveillance and data transfer. | $0.170 | - | $1.0M | $1.2M | - |
Why Flow Partners as your M&A advisor
Access to relevant buyers
We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.
No corporate red tape
We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.
Thorough preparation
KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.
Optimize value, not valuation
Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.
We provide M&A advisory services across Mexico and beyond
Sector expertise
Explore our M&A advisory offering across a variety of tech sectors in Mexico.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've closed sell-side and buy-side transactions across European, US and emerging-market tech.
Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
Recently completed M&A advisory projects
Selected M&A transactions and prior deal experience.
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