Tagged: latam

June 28, 2023 @ 3:23 pm By Omar Faridi  |  

Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses “to offer an array of flexible, customizable credit and loan products to their customers in a… Read More

June 28, 2023 @ 9:00 am By JD Alois  |  

Digital asset firm Paxos has inked a deal to provide Mercado Pago with access to the stablecoin Pax Dollar (USDP). The Pax Dollar will now be available to Mercado Pago’s users in Mexico. Paxos shares that over 60 percent of its active wallets are currently… Read More

June 27, 2023 @ 6:08 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the largest digital financial services platforms in the world, has just surpassed the milestone of three million PJ customers. In the segment for almost four years, the company currently “has the largest number of PJ users with an open bank… Read More

June 27, 2023 @ 12:28 pm By JD Alois  |  

Bitfinex has launched peer-to-peer (P2P) services in Argentina, Colombia and Venezuela. The service will allow customers to buy and sell crypto directly to individuals while completing the payment process outside the platform. Bitfinex P2P will offer services for Bitcoin, Tether – USDt and EURt, Tether… Read More

June 26, 2023 @ 8:08 am By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that Puerto-Rico headquartered Segura Bank has selected Temenos “to power the launch of a new digital bank in the cloud for mid to high earners in Latin America.” Segura Bank will run Temenos’ banking platform “on Microsoft Azure to develop… Read More

June 20, 2023 @ 11:06 pm By Omar Faridi  |  

The pilot program will evaluate high value payments use cases “using the Ripple CBDC Platform based on the core technology of the XRP Ledger.” Ripple, which claims to be the leader in enterprise blockchain and crypto solutions, announced its collaboration with the Banco de la… Read More

June 19, 2023 @ 9:07 am By Omar Faridi  |  

In another step to expand access to credit and broaden its portfolio, Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, announces a new type of loan with investments in Tesouro Direto (treasury Securities) as collateral…. Read More

June 15, 2023 @ 10:55 pm By Omar Faridi  |  

Strike, the global money app for fast, “safe” payments and bitcoin, announced the expansion of “Send Globally” to Mexico, “bringing its revolutionary payment service to the largest market for remittances from the U.S.” In 2022, Mexico received “a record of $60 billion in remittances from… Read More

June 15, 2023 @ 8:47 am By Omar Faridi  |  

Eurora Solutions, a provider of AI/ML-backed cross-border e-commerce compliance platform, announces the appointment of James Doyle as CEO of its Latin American (LATAM) operations, marking Eurora’s strategic entry to the world’s fastest-growing retail e-commerce region. As noted in the update shared with CI, LATAM saw… Read More

June 13, 2023 @ 9:48 am By JD Alois  |  

Num Finance, a stablecoin issuer operating in Latin America, says nARS, a stablecoin pegged to the Argentine peso, is now trading on Ripio. nARS is described as a “key pillar” in the company’s strategy. Num Finance aims to introduce other “real world assets” (RWA) as… Read More

June 11, 2023 @ 6:38 pm By Omar Faridi  |  

nocnoc, the facilitator of cross-border eCommerce between global sellers and Latin America, today announced that it has secured $14 million in Series A funding, “led by PayPal Ventures with participation from Mouro Capital, Quona Capital, Caravela Capital, Broadhaven and Ignia.” The funding from the investment… Read More

June 11, 2023 @ 6:17 pm By Omar Faridi  |  

Just one month after its public launch in Mexico on May 4th, one million people already have Cuenta Nu – which is the local digital account and second financial product of Nu Mexico, Nubank’s (NYSE: NU) subsidiary in the country. The rapid growth of the… Read More

June 8, 2023 @ 11:35 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More

June 6, 2023 @ 2:57 pm By Omar Faridi  |  

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

June 5, 2023 @ 8:01 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America “through its partnerships with local, regional, and global enterprises.” Over the last 18 months, Paxos has “seen increasing demand for its products… Read More

June 4, 2023 @ 5:24 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, has reportedly enabled its customers “to save over USD 8 billion (~BRL 40 billion) in bank fees in 2022.” The data is presented in Nubank’s ESG Report 2022, published… Read More

May 26, 2023 @ 5:23 pm By Omar Faridi  |  

Bitfinex, a  digital asset trading platform, has announced a new investment in the leading Chilean crypto firm Orionx, as both companies look “to ramp up efforts to promote financial freedom and inclusion throughout Latin America.” Paolo Ardoino, CTO at Bitfinex, said: “We’re excited to collaborate… Read More

May 25, 2023 @ 8:41 am By Omar Faridi  |  

Num Finance, which claims to be the “premier” issuer of local stablecoins in Latin America, announced it has “raised $1.5 million following the closure of its pre-seed funding round led by Reserve.” Investors in the round also “included H20 Scouter Fund, VC3, Ripio Ventures, and… Read More

May 24, 2023 @ 5:41 pm By JD Alois  |  

Superfinanciera Colombia, the financial regulator in Colombia, is pursuing a consultation on Open Banking, according to a recent post. Open Banking, or Open Finance, is a concept for data management in the financial services sector – typically where the consumer controls and owns the data…. Read More

May 23, 2023 @ 12:47 pm By Omar Faridi  |  

Kiwi, a fintech dedicated to helping consumers build credit history and improve financial literacy, announced that it has closed a $75 million credit facility and $4.5 million pre-series A funding round. The debt financing was “provided by i80 Group an investment firm that specializes in… Read More