Acquisitions

ALLVP to exit Mexico’s Weex Mobile to Yonder Media Mobile

LatAm List Yonder Media Mobile recently acquired Weex Mobile, a Mexican mobile tech startup, entering the region with a mission to democratize and empower mobile users around the world.

 “We have developed a thriving ecosystem of users, who are hungry for more experiences and entertainment. With the acquisition, leveraging our local expertise and Yonder Media Mobile’s technology and content creation know-how, I believe we are building the future of mobile in this country. I am delighted and looking forward to our future together,” said John Cooper, CEO of Weex Mobile.

In 2017, the company celebrated its 100K user mark, and launched the first independent wallet based on unique consumer insights, Weex Wallet.

“This business unit exit cannot be more than timely. Weex Wallet is the leading independent payment wallet in the country, and the spin-off will allow the Weex Wallet business to focus solely on expanding its fintech offerings in the largely underserved market”, says Federico Antoni, managing partner of ALLVP. 

Read more on ALLVP’s press release.

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