Weltio

Weltio, headquartered in Mexico City with a fully remote operation, was a fintech company specializing in asset management. Launched in 2022, Weltio was part of the Y-Combinator S22 batch and aimed to innovate the Latin American financial landscape by providing brokerage accounts in USD and integrating unique features such as local instant cash rails, a robo-advisor, and tailored portfolios designed specifically for the Latin American user. The company targeted a significant market potential, aiming to manage assets over $60 billion and 40 million accounts. Weltio was recognized as the first Latin American WealthTech company to offer automated investing in both securities and cryptocurrencies. Despite its innovative approach and early promise, Weltio ceased operations on October 1, 2023. At closure, all accounts were liquidated with funds transferred to users’ CLABE accounts as configured in the Weltio application.