FEMSA’s Lending Venture Gets Investment from QED
The retailer said the lending business unit is an important component of FEMSA’s digital ecosystem.
Jun 09, 2026
FEMSA recently announced that it has entered into an agreement for a strategic equity investment into its lending business unit by QED Investors (“QED”), a global fintech-focused venture capital firm.
“The lending business unit is an important component of FEMSA’s digital ecosystem, complementing the company’s payments and loyalty offerings. The business is uniquely positioned to leverage FEMSA’s broad customer reach, high-frequency consumer engagement, extensive transaction data and trusted brands, creating a strong foundation to develop relevant and accessible credit solutions for underserved consumers in Mexico,” the retailer said.
FEMSA said that beyond capital, QED will contribute hands-on experience in lending, risk management, product development and organizational scaling, making it a highly complementary partner as FEMSA’s lending business enters its next stage of development.
“The partnership establishes a framework for controlled growth, enabling the lending business to advance through clearly defined milestones while maintaining a measured approach to investment and risk. FEMSA believes that combining QED’s expertise with its unique customer access, proprietary data advantages, trusted consumer relationships, and omnichannel presence will accelerate the development of a responsible and scalable credit offering that contributes to greater financial inclusion in Mexico,” the retailer wrote.
FEMSA said it will continue to hold a majority stake in the lending business.
In 2024, FEMSA purchased Delek US Holding’s retail business for $385 million, bringing the company’s OXXO brand to the U.S. Delek had 249 stores throughout the Southwestern region of the United States, primarily in Texas and New Mexico, under the DK brand.
FEMSA opened its first OXXO store in Mexico in 1978 and now has over 35,000 locations in 19 countries. At the 2026 NACS Leadership Forum in February, Constantino Spas Montesinos, Americas and mobility director at FEMSA, walked through the company's strategy, growth and expansion history, and success pillars that have made it one of the world's largest operators. Read more in the April 2026 issue of NACS Magazine article "Performance. Power. People."
