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Courtesy of Grupo Bimbo

49

Grupo Bimbo

BMBOY

Mexico

Mom-and-pop stores get a fintech upgrade.

Bimbo is one of the world’s largest bakeries, with a presence in 22 countries and almost $14 billion in revenue. It’s also lifting many of its smaller partners into the digital world. Grupo Bimbo started the Red Qiubo program to modernize the payment systems of small stores in Mexico. Now those shops can accept payments electronically, rather than being stuck in a cash economy—a key to future growth.

Impact Segment

Economic Opportunity/Financial Inclusion

Sector

Food

Industry

Food Consumer Products

CEO

Daniel Servitje Montull

Employees

127,152

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$13,840

Profits ($M) (Last Fiscal Year)

$327

Market Value ($M)

$14,322