| Founded | 2015 |
|---|---|
| Closed | 2022 |
| Country | Mexico |
| Sector | Fintech |
| Total raised | ~$30M |
| Collapse type | Sudden Collapse |
| Founder | Diego González |
Nexu
"Mexican auto-financing fintech that connected car buyers with lenders — shut down in 2022 when rising interest rates and credit losses made the personal vehicle loan portfolio unworkable."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Nexu was founded in 2015 by Diego González to address the structural gap in Mexican auto financing: most middle-income Mexicans lacked access to affordable vehicle loans, leaving the market dominated by expensive dealer financing or banks that required extensive documentation.
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