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Broxel Pay

Can a Mexican-rooted fintech become the dominant financial bridge for the US-Mexico Hispanic corridor by combining bi-national accounts, prepaid cards, EWA, and a modular embedded finance platform?

HQSanta Fe, Álvaro Obregón, Ciudad de México, México
IndustryFintech / Cross-border payments
The story

Founded as a Mexican prepaid card and digital payments company serving the local market, Broxel expanded its 'Iceberg Model' into a modular embedded finance infrastructure provider offering issuing, processing, accounts, credit, and acquiring capabilities. The company then crossed into the US market targeting the large Hispanic/LATAM community with bi-national USD/MXN accounts and branded prepaid cards (including a co-branded Miami Dolphins card), positioning itself as the financial bridge between the US and Mexico. Broxel now markets itself as both a B2C fintech for end consumers and a B2B embedded finance platform for enterprises through its 'Broxel Business' offering.

Last 12 months
Regulated entities
1
regulatory licence held by Broxel Pay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Broxel Pay’s embedded-finance stack
Payments / PSP
Broxel Payments (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: significant
7 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.