ApideckTape
← Embedded Finance Index 2026/Vendor

Bitso

Provider
FX / PayoutsCrypto / Stablecoin

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 2 categories.

bitso.com ↗Also analysed as a company — its own stack →
CategoriesFX / Payouts, Crypto / Stablecoin
Rank#63 of 179 in FX / Payouts
Buyers2 companies
HeadquartersMexico City, Mexico
Founded2014
Raised~$331M+

Claim this profile. Work at Bitso? Verify your work email to unlock the full buyer list.

Founders & story · from Bitso’s own dossier

Founded 2014 as a retail crypto exchange dominant in Mexico (95%+ share), Bitso evolved into a crypto-powered financial services company processing remittances from the US to Mexico. Bitso Business — the B2B arm — pivoted the company into cross-border payments infrastructure, embedding stablecoin rails (USDC, USDT, MXNB, BRL1) into a multi-currency account and FX-as-a-Service API for fintechs and PSPs. Today it positions itself as the LatAm-native stablecoin-to-local-rails (SPEI, Pix, PSE, CVU/CBU) infrastructure layer.

Latest round: Series C, 2021
Recent developments
  • 2025-08BVNK partnership for stablecoin payments across Europe and LatAm source ↗
  • 2025-09Updated Nvio Brasil terms of service (Sept 30, 2025) source ↗
  • 2025-10Published single payments API for LatAm (SPEI/PIX/PSE) positioning source ↗
  • 2025Clara x Bitso Business stablecoin-backed corporate cards launched in LatAm source ↗
Full dossier: Bitso’s own stack, layer by layer →
Who uses Bitso
2 companies disclose Bitso in their stack
AfrichangeBorderless.xyz
Buyer mix · 2 of 2 classified
Fintech / Cross-border payments · 1Infrastructure / Payments · 1
Canada · 1
What the disclosures say
Africhange
“Bitso partnership mentioned for Mexico-Canada corridor using crypto rails. [coerced currencies: kept "CAD", also reported: NGN; GBP; USD; EUR; AUD]”
Borderless.xyz
“borderless.xyz homepage lists 95+ countries, 63+ currencies; docs.borderless.xyz states Borderless is never in the flow of funds; borderless.xyz/ecosystem lists network providers including Bitso, Bridge, Koywe, Trace Finance, Walapay, Yellow Card across all major regions. [coerced currencies: kept "USD", also reported:…”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Bitso? Claim this profile above to unlock your own full list.
Unlock the buyer map

See where Bitso’s disclosed buyers are headquartered. Represent Bitso? Claim this profile above instead — it unlocks your own map immediately.

No newsletter, no sharing your address.

What Bitso runs on · from its own dossier
The third-party providers Bitso itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Bitso.
BaaS
Bitso Business Multi-Currency Account
Crypto / Stablecoin
BVNKStellar
Crypto Custody
Fireblocks
Full dossier with evidence for each layer →
Alternatives to Bitso

Other FX / Payouts providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Currencycloud81 buyers →Airwallex80 buyers →Nium67 buyers →Wise Platform58 buyers →Stripe49 buyers →Convera33 buyers →Adyen26 buyers →Visa Direct23 buyers →
Share this rank

An embeddable badge for Bitso’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #63 of 179 in FX / Payouts — Embedded Finance Index 2026
Copy-paste snippet
<a href="https://www.embeddedfinanceindex.com/vendors/bitso?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/bitso.svg"
       alt="Ranked #63 of 179 in FX / Payouts — Embedded Finance Index 2026">
</a>
<img src="https://www.embeddedfinanceindex.com/api/badge/bitso/install" width="1" height="1" alt="" style="display:none">

Bitso — frequently asked

Which companies use Bitso?

2 companies are linked to Bitso in the Embedded Finance Index 2026, through their own public disclosures or Bitso's published customer list, including Africhange and Borderless.xyz.

What does Bitso do?

Bitso is an embedded-finance provider in FX / Payouts and Crypto / Stablecoin. It ranks #63 of 179 FX / Payouts providers by linked companies.

What are the alternatives to Bitso?

The most-named FX / Payouts alternatives to Bitso are Currencycloud (81 buyers), Airwallex (80 buyers), Nium (67 buyers), Wise Platform (58 buyers), Stripe (49 buyers) and Convera (33 buyers).

Where is Bitso headquartered?

Bitso is founded in 2014 and headquartered in Mexico City, Mexico.

How much funding has Bitso raised?

Bitso has raised ~$331M+ in total.

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Bitso and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to Bitso and the other buyers it serves.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.