Sodexo

Sodexo is a French multinational company that operates in Mexico through its subsidiary Pluxee México Fintech, an authorized Electronic Payment Funds Institution (IFPE) regulated under Mexico's Fintech Law. Originally known for food services and facility management, Sodexo launched its fintech operations in Mexico in August 2023 after receiving authorization from the National Banking and Securities Commission (CNBV) to operate as an IFPE. Pluxee México provides employee benefits and engagement solutions primarily targeting corporate clients in the B2B2C space. The company's core offerings include electronic vouchers and digital wallets for employee benefits such as meal vouchers, fuel cards, restaurant cards, travel expense management, and customizable incentive programs. Pluxee operates two flagship fintech products: a travel expense control system for corporate trips and Pluxee Flexible, which allows companies to personalize employee benefits and incentives across industries. The platform enables employers to distribute and manage employee benefits through electronic payment funds, operating through mobile applications and digital interfaces. As an authorized IFPE, Pluxee México can issue, manage, redeem, and transmit electronic payment funds, open e-wallet accounts for clients, and facilitate fund transfers. Mexico served as the testing ground for Sodexo's global fintech expansion strategy. In 2024, Pluxee was spun off from Sodexo and became an independent publicly listed company on Euronext Paris, though it maintains operations in Mexico as a separate entity. The company serves over 500,000 corporate clients globally and connects to a network of merchants that accept its vouchers and cards. Pluxee México targets enterprises seeking compliant, tax-advantaged solutions for employee benefits distribution while maintaining digital infrastructure for tracking and administering workplace perks.