Moffin

Moffin operates as a data-integration-platform-as-a-service (iPaaS), strategically positioned to streamline and digitize client screening and credit analysis for companies in Mexico. The company was founded in 2020 by Santiago Aceves, Víctor Agustín Díaz Méndez, and Nicholas Andrés Yepes. The founders' journey began when Aceves and Díaz, while at a previous fintech, experienced firsthand the complexities of building financial infrastructure from the ground up, including data provider connections and screening tools. This experience highlighted a market need for a dedicated financial infrastructure provider. Yepes, with a background as a private equity investor in Latin American financial institutions, recognized the value of their endeavor, initially joining as an advisor before becoming a co-founder in April 2023.

The firm serves a diverse client base of over 70 companies, spanning from financial services to pharmaceuticals. Moffin's core business revolves around simplifying access to critical data required for Know Your Customer (KYC) processes, credit evaluations, tenant screenings, and employment background checks. It addresses the significant time and financial costs businesses incur when developing in-house data integration and analysis systems. The business generates revenue by providing its platform, which has processed over one million screenings, as a service.

Moffin's platform unifies multiple data sources, allowing clients to access information through either a REST API for technical teams or user-friendly, no-code solutions for non-technical staff. This dual-access model allows companies to outsource non-core tasks like maintaining connections to third-party data providers and automating information requests. Key data points available through the platform include credit history from credit bureaus, tax ID certificate information from Mexico's Tax Administration Service (SAT), and personal data verification via the Unique Population Registry Code (CURP). By offering these tools, Moffin enables its clients to create more robust data profiles, particularly for underserved customers with limited credit histories, thereby facilitating more inclusive financial decision-making. In July 2024, the company announced a $2.1 million seed funding round to enhance its platform's capabilities in automation, compliance, and data analysis, and to expand its market reach.

Keywords: data integration, iPaaS, client screening, credit analysis, KYC, financial infrastructure, API integration, no-code platform, fintech Mexico, background checks, data-as-a-service, credit risk, regulatory compliance, tenant screening, data automation, identity verification, financial data aggregation, Santiago Aceves, Víctor Díaz, Nicholas Yepes