Mexican fintech company Kapital may launch an initial public offering (IPO) within the next three years, according to Chief Executive Rene Saul.
“In the next three years we will look for the IPO,” Saul said at a press conference, adding that he prefers a dual listing in both the U.S. and Mexico.
The company surpassed a $1 billion valuation last month, reaching unicorn status following a fresh funding round and a series of acquisitions in the traditional banking sector.
In August, Kapital announced plans to acquire the brokerage, asset management, and operational banking divisions of Mexican financial group Intercam.
The U.S. flagged Intercam in June for “primary money laundering concerns.”
With its unicorn milestone, aggressive acquisition strategy, and IPO ambitions, Kapital is positioning itself as a major force in Latin America’s evolving financial ecosystem.
