MEXICO CITY - Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender's growth.
Bankaool, based in the northern state of Chihuahua, expects to finish 2024 with two million digital platform users on the app it launched last November, up from the 75,000 it currently has. It also hopes to add new branches throughout the country. The bank is also in the process of buying a U.S. lender in order to lend to U.S. companies planning to build manufacturing capacity in Mexico and to serve Mexicans living abroad who are sending increasing amounts of money back to their home country.
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