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GBM

“Can Mexico's dominant brokerage house become the comprehensive financial OS for individual and institutional investors across Latin America?”

Founded1985
HQMexico City, Mexico (Av. J Barros Sierra 540, Torre II, Santa Fe Centro Ciudad, CDMX)
IndustryFintech / Investment
The story

Founded in 1985 as a traditional Mexican brokerage house (Casa de Bolsa), GBM has evolved over four decades into an integrated financial services ecosystem. The pivotal shift came with the launch of GBM+ (circa 2018-2019), a consumer-facing investment app that democratized access to Mexican capital markets — by their own claim, 9 out of 10 investment accounts in Mexico are held at GBM. The company layered on Smart Cash (liquid yield accounts), GBM Advisory (hybrid robo-human advisory), access to US dollar-denominated US market accounts, and institutional services for corporates and pension funds. The recent shutdown of Piggo (a personal finance/budgeting sub-product) signals a refocus toward core investment and wealth management rather than broader fintech expansion.

Last 12 months
2026-02
2026-01
In the January 2026 recap →
Product timeline
1985
Founded as Grupo Bursátil Mexicano, becoming Mexico's leading brokerage house by transaction volume.· pivot
2018
Launched GBM+ retail investment app, democratizing access to investment accounts for retail consumers in Mexico.· banking
2021
Launched Smart Cash, a high-yield cash management product in MXN and USD for retail clients.· banking
2022
Introduced GBM Advisory, a hybrid digital+human investment advisory service; expanded into structured notes and alternative investments.· banking
2024
Expanded to USD-denominated US market investment accounts and launched Open Banking API compliance per Mexico Ley Fintech Article 76.· banking
2026
Announced sunset of Piggo personal finance product; continues operating as leading Casa de Bolsa with 9 in 10 Mexican investment accounts.· pivot
Regulated entities
1
regulatory licence held by GBM
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in GBM’s embedded-finance stack
Investing
Drivewealth
Accounting gap: none

GBM — frequently asked

Who powers GBM's investing products?

GBM's investing and wealth products are powered by Drivewealth.

Where is GBM headquartered?

GBM is founded in 1985 and headquartered in Mexico City, Mexico (Av. J Barros Sierra 540, Torre II, Santa Fe Centro Ciudad, CDMX).

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