Tagged: latam

August 12, 2023 @ 11:13 am By Omar Faridi  |  

Paymentology, the leading global issuer-processor, announces its partnership with DolarApp, the Mexican startup which provides digital dollar accounts to consumers across Latin America. Established in 2021, DolarApp has emerged “as a pioneering force in Latin America by introducing its USD-denominated credit card.” The card grants… Read More

August 10, 2023 @ 2:28 pm By JD Alois  |  

Revolut, a neobank super-app that also holds a banking license in Lithuania, says Latin America is a key region for its growth going forward.  Revolut launched operations in Brazil, the largest country in Latin America, this past May. Latin America has experienced dramatic Fintech growth… Read More

August 9, 2023 @ 4:34 pm By Omar Faridi  |  

Equifax (NYSE: EFX) has completed the acquisition of Boa Vista Serviços, which claims to be the second largest credit bureau in Brazil. This strategic and financially attractive acquisition “grows Equifax‘s presence in Brazil and offers Boa Vista Serviços customers access to expansive Equifax international capabilities… Read More

August 9, 2023 @ 3:17 am By Omar Faridi  |  

Visa Inc. (NYSE: V) and CB International Bank (CBiBank) announce the launching of an innovative cross-border B2B payments solution for businesses worldwide. CBiBank has officially “joined the Visa B2B Connect platform, ushering in a new era of faster, more cost-effective, and secure B2B payment services.”… Read More

August 8, 2023 @ 11:59 am By Omar Faridi  |  

albo, a neobank in Mexico, has announced its acquisition of delt.ai for $20 million. With this strategic acquisition, albo has “strengthened its position in Mexico’s financial services sector, becoming the only neobank to offer debit and credit products for both consumers and SMBs.” This is… Read More

August 8, 2023 @ 8:55 am By Omar Faridi  |  

Jeremy Allaire, Co-founder & CEO of Circle, a Fintech that’s focused on stablecoins and other services supporting the blockchain and crypto sector, says that despite the hype that they’re all about the US, the firm “estimates that 70% of USDC adoption is non-US, and some… Read More

August 7, 2023 @ 1:02 pm By Omar Faridi  |  

Cordada, a private debt platform that caters to lenders and fintechs serving small and medium-sized enterprises (SMEs) in Latin America, has announced its partnership with Thought Machine. Cordada will use Thought Machine‘s cloud-native core banking platform, Vault Core, to develop highly personalised financial products “for… Read More

July 30, 2023 @ 8:37 pm By Omar Faridi  |  

Nubank (NYSE:NU) has just taken another step beyond financial solutions, “diversifying its platform of products and services.” In a partnership with the North American app Hopper, Nu will aim to “offer a comprehensive travel portal within Nubank’s Shopping platform, the company’s marketplace, to facilitate the… Read More

July 29, 2023 @ 11:20 am By Omar Faridi  |  

eToro, the multi-asset investing platform, has announced that on 29 June 2023 the Bank of Spain has “approved the registration of eToro as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services.” Tali Salomon, eToro’s Regional Manager for… Read More

July 28, 2023 @ 7:26 pm By Omar Faridi  |  

Jeeves, a financial operating system built for global companies, backed by investors including Andreessen Horowitz (a16z), CRV, and Tencent, has expanded its product offering to include prepaid cards and cross-border payments. Jeeves launched publicly 22 months ago “with corporate credit cards as its initial product… Read More

July 28, 2023 @ 8:04 am By Omar Faridi  |  

Matera, maker of instant payments, QR code and digital ledger technology, recently released its mid-year report on the adoption of Brazil’s Pix instant payments scheme. The latest Pix by the Numbers report “covers data through Q2 2023, and shows that there are more Pix transactions… Read More

July 27, 2023 @ 2:24 pm By Omar Faridi  |  

Credix, with support from Clave, launched a “first-of-its-kind,” fully insured receivables pool. Inaugural investors include the Solana Foundation and Keyrock. The receivables pool offers an investment opportunity “to accredited investors seeking up to a double-digit yield while insuring credit risk.” More specifically, the pool, “which… Read More

July 25, 2023 @ 11:21 pm By Omar Faridi  |  

One year after launching its marketplace, Nubank (NYSE:NU), one of the world’s largest digital financial services platforms, is partnering with the traditional retail chain Casas Bahia in order “to implement a new shopping experience in its app.” Now, Nu customers will “have an even more… Read More

July 23, 2023 @ 11:38 pm By Omar Faridi  |  

dLocal has reportedly been licensed by Brazil’s central bank to serve as a payments institution in the South American country. This license, roughly equivalent to the European e-money issuer license, “allows dLocal to accept deposits from the public, manage e-wallets, and participate directly in Brazil’s… Read More

July 22, 2023 @ 3:53 pm By Omar Faridi  |  

C2FO, which claims to be the world’s on-demand working capital platform, announced its further expansion into Mexico with the creation of a Mexican subsidiary. This move bolsters C2FO’s global presence and “reinforces its commitment to empowering all businesses with fast, flexible and equitable access to… Read More

July 20, 2023 @ 8:04 am By Omar Faridi  |  

Kushki, a Paytech connecting LatAm to digital payments and helping Latin American businesses reduce the costs and complexity of digital transactions, has shared key insights with Crowdfund Insider. Kushki focuses on improving acceptance rates and reducing fraud. The company points out that it has been… Read More

July 17, 2023 @ 7:56 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America with more than 7 million customers, announced its business partnership with Mobile Streams plc (MOS), the intelligence company data specialist, next-gen content specialist, and creator of Heroes NFT CLUB . Thanks to this alliance, Bitso will… Read More

July 14, 2023 @ 9:01 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced its expansion into Brazil, with a new partnership with Latin American banking-as-a-service platform Fitbank and network certification with Visa. As part of Marqeta’s partnership with Fitbank, the company “will both be a Marqeta customer, using… Read More

July 10, 2023 @ 10:43 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that BanCoppel, part of Grupo Coppel, one of the largest organizations in Mexico, which includes brands such as Afore Coppel and Tiendas Coppel, has selected Temenos in order “to continue its technological transformation, driving modern banking services.” BanCoppel was reportedly the… Read More

July 3, 2023 @ 3:14 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider (and is being sued by US regulators for a wide range of issues), is pleased “to announce the appointment of Min Lin as Head of Latin America.” In this new role, Lin… Read More