Mexico has a huge potential to become a popular hub for fanatical technology startups, says U.S. research firm Deloitte, describing the micro credit lender Kueski as the country’s most successful fintech startup.

In its latest index of global fintech hubs, Deloitte said Mexico has a concentration of experienced founders along with deep pools of technical and business knowledge.

Considering its report, Mexico has already attracted numerous entrepreneurs with experience from international hubs such as Silicon Valley.

A growing consumer market and the scope to increase financial inclusion are the factors driving growth in the sector.

Some of the Mexican fintech startups named in the list are Kubo, MiMoni, Kuspit, Tan Tan, Bankaool, Bitso, Bayonet, Clip, and Broxel. According to Deloitte, Kueski is the most successful.

Founded in 2012, Kueski is an online lending company offering real-time, micro loans. It has grown more than seven times annually since launch, and has achieved better loss rates than a traditional credit card in Mexico.

In 2016, the startup raised US$35 million from venture funds. Analysts say the company may shortly raise US$100 million in total funding, the largest capital funding for a fintech startup in Mexico.

It seems the country has few accelerators, with the better known ones being Gentera and Wayra. Most of the funds invested money in the sector have significant operation elsewhere in the world. VCs that invested heavily in Mexican startups are Dalus Capital, 500 Startups, and General Atlantic.

The research firm says Mexico’s new fintech law will open up the venture capital market and see an influx of international venture funds. “This will complement the already strong ecosystem and increase competition within fintech services,” the report added.