Tarjetas del Futuro’s MXN$41 Million Acquisition of Rappipay México

Gonzalez Calvillo advised Rappi Mexico, while Creel, García-Cuellar, Aiza y Enríquez advised Banorte, as a party to the joint-venture in Tarjetas del Futuro.

Tecnologías Rappi, S.A.P.I. de C.V. (doing business as “Rappi Mexico”) executed the sale of 100% of its equity participation in Rappipay México, S.A. de C.V., Institución de Fondos de Pago Electrónico, to Tarjetas del Futuro for MXN$41,000,000.00.

Rappi Mexico is a leading global technology company with presence in over 100 cities in Latin America.

Rappipay México is a regulated entity under the Law to Regulate Financial Technology Institutions and the manager of “Rappipay” a digital funds wallet or “e-wallet”.

Tarjetas del Futuro, S.A.P.I. de C.V. is the financial arm of Rappi Mexico and the company resulting from Rappi Mexico’s joint venture with Grupo Banorte and Mexico’s first fully digital integrated financial company.

Gonzalez Calvillo advised Rappi Mexico with a team led by Partner José Ignacio Rivero Andere (Picture), with Managing Associate Jacinto Avalos Capin and Associate Rodrigo Poumian González.

Creel, García-Cuellar, Aiza y Enríquez team inlcuded Lead Partner Iker Arriola Peñalosa and Senior Associate Gerardo Zimbrón Santamaría.

Involved fees earner: Iker Arriola Peñalosa – Creel, García-Cuéllar, Aiza y Enriquez SC; Gerardo Zimbrón – Creel, García-Cuéllar, Aiza y Enriquez SC; Jacinto Avalos Capín – Gonzalez Calvillo Abogados; Rodrigo Poumian González – Gonzalez Calvillo Abogados; José Ignacio Rivero Andere – Gonzalez Calvillo Abogados;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Gonzalez Calvillo Abogados;

Clients: Banorte; Rappi Mexico;