<p>MEXICO CITY, May 5 (Reuters) - The Mexican arm of digital bank Revolut, which launched in the country in late January, reported a capital injection of about $64 million last month, raising its total investment in the country to $167 million as it bolsters its expansion in Latin America’s second largest economy, the company said on Tuesday.</p>
<p>The UK-based digital bank said the capital injection was formalized through a 1.12 billion Mexican pesos ($64.47 million) increase to its basic capital.</p>
<h3>BY THE NUMBERS</h3>
<ul>
<li>Revolut’s total assets surged 275% in Q1, the company reported just nine weeks after its public launch.</li>
<li>The bank had over 290,000 registered customers on its Mexico app as of end-March.</li>
<li>Revolut posted a quarterly net loss of 153 million pesos.</li>
<li>“The response from Mexicans has exceeded our expectations,” Revolut Mexico CEO Juan Guerra said, adding that the new funds will accelerate product rollout and growth.</li>
</ul>
<p>($1 = 17.3723 Mexican pesos)</p>

Revolut invests $64 million to boost Mexico growth after launch