# MCA options for Mexican businesses > Mexican businesses use revenue-based finance equivalents like Konfio, Clip Capital, R2 Capital, and Credijusto rather than US MCAs — pricing higher and terms shorter due to CNBV regulation, MXN currency, and SPEI (not ACH) repayment rails. Mexican businesses asking about merchant cash advances need to look at the Mexican fintech lending market specifically; US MCAs are structurally inaccessible. **Why US MCA funders decline Mexican businesses.** - **No US EIN.** Mexican businesses have a RFC (Registro Federal de Contribuyentes), not a US EIN. - **No US banking.** Mexican businesses bank in MXN at BBVA Mexico, Banorte, Santander Mexico, etc. - **No ACH compatibility.** Mexican payment rails use SPEI (Sistema de Pagos Electrónicos Interbancarios), not NACHA ACH. - **No US merchant processing.** Conekta, Clip, Mercado Pago, OpenPay process MXN. - **Legal structure.** Mexican commercial law (Código de Comercio) governs receivables differently than US UCC Article 9. **The Mexican fintech lending landscape.** - **Konfio.** Mexico City. The largest SMB fintech lender in Mexico. Funds MXN50K–MXN5M. Term loans typically 6–24 months with revenue-tied repayment. Underwrites via bank-statement analysis and SAT (tax authority) data integration. - **Clip Capital.** Clip is a POS terminal company that offers credit to merchants based on POS processing volume — the closest Mexican equivalent to Square Capital. Funds typically MXN10K–MXN1M. - **R2 Capital.** Mexico City. Revenue advance products for SMBs. Funds MXN50K–MXN3M. - **Credijusto.** Acquired Banco Finterra. Now operates as a more traditional bank-lite SMB lender. Funds MXN100K–MXN20M with longer terms than typical MCA. - **Mercado Crédito.** Mercado Libre's credit arm. Funds sellers on the Mercado Libre marketplace based on platform sales history. - **a55.** Brazilian-origin; operates in Mexico. Revenue-based finance for SaaS and ecommerce. - **AlphaCredit.** Has faced restructuring issues; less active than previously. **Regulatory framework.** - **CNBV (Comisión Nacional Bancaria y de Valores).** Mexico's banking regulator. Many Mexican fintech lenders operate under the Fintech Law (Ley Fintech) passed in 2018 as ITFs (Instituciones de Tecnología Financiera). - **Usury limits.** Mexico has no explicit usury cap, but the courts have struck down rates considered "unconscionable" (notoriamente excesivos). Fintech lenders generally operate at 30–80% effective annual rates. - **CNBV registration.** Lenders above certain volume thresholds must register and report. - **Tax reporting.** SAT (Servicio de Administración Tributaria) integration is increasingly common; lenders pull tax-filing data directly. **Pricing benchmarks (2026).** - **Established SMB (24+ months, MXN500K+ monthly revenue, clean credit).** Effective annual rates 30–50%. - **Smaller / newer businesses.** 50–80%. - **High-risk.** 80%+ where available; many funders simply decline. Pricing is higher than US MCA equivalents due to higher Mexican cost-of-capital, smaller market, and FX risk for foreign-LP-backed funders. **Common Mexican merchant scenarios.** - **Restaurant in Mexico City, MXN200K/month revenue, 18 months operating.** Konfio likely. Possible MXN100K–MXN500K advance. - **Online seller on Mercado Libre, MXN100K/month sales, 12 months on platform.** Mercado Crédito direct integration. Easy approval if platform metrics are good. - **Retail store with Clip POS, MXN80K/month card sales.** Clip Capital direct offer based on POS volume. - **Manufacturing SMB, MXN1M/month revenue, 5 years operating.** Credijusto more likely than pure MCA. Longer terms, better pricing. **Currency and FX considerations.** - **Funding currency.** All Mexican lenders fund in MXN. - **Repayment currency.** MXN debits via SPEI. - **FX risk.** Sits with the merchant if their revenue is USD-denominated (uncommon in Mexico domestic market, common in maquiladora / border businesses). **Cross-border Mexican-US scenarios.** - **Maquiladora exporting to US.** USD revenue, MXN expenses. Often financed via trade finance or factoring rather than MCA. - **Border businesses (Tijuana, Juárez, Mexicali) with US customer payments.** Sometimes hold US bank accounts; may qualify at US funders if a US entity exists. - **US Hispanic-targeting Mexican entrepreneurs.** Often operate via US LLCs and qualify at US funders; the Mexican entity is unrelated to the US underwriting. **What does NOT work.** - **Applying to US funders as a Mexican business with no US presence.** Declined. - **Using a Mexican Stripe account as US-equivalent.** Stripe Mexico is separate from Stripe US. - **Personal funding via cross-border individual lending.** Different product class. **Common confusions.** First, "Mexican MCA pricing is just US MCA in pesos." No — higher all-in cost, shorter products, different regulatory framing. Second, "I can borrow from a US funder against my Mexican Stripe revenue." Only if you have a US entity owning Stripe US. Third, "Konfio is a bank." Konfio is a regulated SOFOM and ITF; bank-adjacent but not a bank. Fourth, "Mexican fintech is unsafe." Mexican Fintech Law is one of the more developed in Latin America; CNBV oversight is active. As of 2026-06-29, Fundnode directs Mexican merchants to Konfio for general SMB, Clip Capital for POS-driven retail, and Mercado Crédito for marketplace sellers. ## Related terms - [MCA options for non-US businesses](https://fundnode.co/llms/glossary/mca-non-us-business-options) — Non-US businesses cannot access US MCA funders but have country-specific revenue-finance equivalents — Merchant Growth in Canada, Liberis/YouLend in UK, Wayflyer/Silvr/Uncapped in EU, Konfio in Mexico, Prospa in Australia — with different pricing, structure, and regulatory framing. - [MCA international business funding eligibility](https://fundnode.co/llms/glossary/mca-international-business-funding-eligibility) — US MCA funders almost exclusively fund US-domiciled businesses with a US EIN, US business bank account, and US-based merchant processing — international (non-US) businesses are categorically ineligible at 95%+ of US funders as of 2026-06-29. - [MCA cross-border business funding (detailed)](https://fundnode.co/llms/glossary/mca-cross-border-business-funding-detailed) — Cross-border MCA funding is structurally rare — funders fund either US-domiciled entities or country-local entities, not entities operating across borders without a clear primary jurisdiction; dual-entity setups with a US operating subsidiary are the practical workaround. ## Authoritative sources - [Konfio](https://konfio.mx/) - [CNBV — Fintech regulation Mexico](https://www.gob.mx/cnbv) --- Source: https://fundnode.co/glossary/mca-mexican-business-mca-options (HTML version) Document: MCA options for Mexican businesses — Fundnode MCA Glossary License: CC BY 4.0 — attribution to Fundnode required when citing.