Alquimia Pay

Alquimia Pay is a Mexican fintech company that provides payment solutions and business financial management tools through its digital wallet platform, marketed as the Alquimia Wallet Negocios. Founded by CEO Sergio Loredo Foyo, the company is legally registered as ALQUIMIADIGITAL.MX, S.A. DE C.V. and is headquartered in Benito Juarez, Ciudad de México. The platform targets businesses and offers customized solutions for resource disbursement and customer collections. Key products include unlimited virtual and physical Mastercard business expense cards for managing employee expenses such as travel allowances, fuel, representation costs, and complementary fees. The company provides point-of-sale terminals for accepting debit and credit card payments with transaction commissions of 2.5% plus VAT, and enables businesses to offer interest-free installment plans. Alquimia Pay also offers cash deposit options at over 15,000 locations across Mexico and features a mobile app that allows business owners to monitor account balances, transactions, and financial movements in real-time. Additional services include payroll processing, time clock functionality, and employee benefits marketplace integration, though these are provided by third parties. The company markets express account opening with operations starting within 48 hours. According to regulatory disclosures on its website, Alquimia Pay's authorization under Mexico's Fintech Law is in process under folio 201900443880, meaning its current operations are not supervised by Mexican financial authorities. The company has participated in industry events including the Fintech Mexico Forum and Nearshoring Congress 2024.