Digitt Transforming Mexico's financial sector

Digitt is a Mexican fintech that refinances and consolidates consumer credit card debt. Borrowers estimate their savings with an online calculator, submit an application with card statements and proof of income, and receive a decision within 48 business hours; approved customers choose their repayment term and payment dates, sign digitally, and Digitt pays off their credit card balances directly within 24 business hours. The company then collects a single fixed monthly payment from the borrower's bank account.

Eligibility is based on credit history (record of at least minimum payments, recent credit inquiries and indebtedness level), documentation of income, and outstanding card debt of at least MXN 10,000, with loans available up to MXN 150,000 and covering more than one card. The company markets no commissions or prepayment penalties. Interest rates have been reported at 20-35% annually in 2019 and 20-42% annually as of 2025, compared with Mexican credit card rates reported between 60% and 150%.

Beyond lending, Digitt publishes financial-education resources including loan and interest simulators, a credit card directory, budget and debt-payoff planners, quizzes and a blog/newsletter, and offers a workplace-oriented product for employers ("Digitt para empresas"). Applicants who fall outside its criteria — for example those with debt under MXN 10,000, non-card debt, or recent missed payments — are routed to educational tools or, for debt settlement, to a third party (Curadeuda).

Founding story

Digitt was founded in 2016 and launched its first product in January 2018, targeting Mexican consumers who stay current on payments yet remain burdened by high credit card interest rates.

Business model

Digitt originates fixed-term personal loans that pay off borrowers' existing credit card balances, earning interest on the consolidated loan repaid in monthly installments; it states it charges no commissions or prepayment penalties.

Interest income on fixed-term refinancing and consolidation loans repaid in monthly installments, at annual rates reported between 20% and 42%.

Traction

Reported average customer interest savings of MXN 10,300.75, with published customer cases showing debts of roughly MXN 30,000-44,000 refinanced over 15-18 month terms; customer reviews on the company's site date from 2019 through 2024.

Latest developments

In late August 2025, Digitt announced a US$10 million Series A led by Yolo Investments, with IGNIA Partners, Capria Ventures and angel investors including Renaud Laplanche, Manolo Sánchez, Dillon Krasnigor, John Buttrick and Nino Fanlo participating, to expand its debt refinancing platform in Latin America.