Tagged: latam

November 2, 2020 @ 9:51 am By Samantha Hurst  |  

Arcus, a Payment-as-a-Service (FaaS) platform, announced on Monday it has received an investment from Citi Ventures for expansion and partnerships in Latin America. Arcus claims that this investment marks the first investment by Citi Ventures in a Fintech company in Mexico. Founded in 2013, Arcus… Read More

October 29, 2020 @ 6:46 pm By Omar Faridi  |  

Visa (NYSE:V) is reportedly planning to acquire YellowPepper, a payments tech company, in order to extend its global operations into the Caribbean and other jurisdictions. Established in 2014 and fully operational in nine different Latin American (LatAm) nations, the Miami-headquartered firm serves around 50 clients… Read More

October 21, 2020 @ 8:07 am By Omar Faridi  |  

Paulo Guedes, the Minister of Economy in Brazil, recently noted that the country is planning to join the Organization for Economic Cooperation and Development (OECD), which is an intergovernmental economic organization with over 30 member countries. The OECD aims to promote economic growth and also… Read More

October 17, 2020 @ 6:30 pm By Omar Faridi  |  

Latin American (LatAm) economies are growing rapidly and the region presents “a unique set of circumstances that is unlike any other region in the world,” according to a report from Atlantico, titled “Latin American Digital Transformation 2020.” The report notes that this uniqueness has helped… Read More

September 30, 2020 @ 10:00 am By JD Alois  |  

Bnext, a Spain based neo-bank that has raised over €22 million in funding, has partnered with Rapyd, a Fintech as a Service company, to expand services across Latin America. According to a release, Bnext customers will be able to make deposits into their accounts at… Read More

September 25, 2020 @ 2:30 pm By Omar Faridi  |  

For the first time ever (in September 2019), giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division provided a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. As reported last year, the funds were to be directed toward Konfio’s business… Read More

September 23, 2020 @ 8:18 pm By Omar Faridi  |  

Fintech firm Zenda.la has reportedly become the first Mexican company to get accepted to the IBM Hyper Protect Accelerator program, which is conducted through a partnership with Village Capital. Zenda’s management says that being accepted into the tech giant’s program is “especially relevant as we… Read More

September 20, 2020 @ 8:00 pm By Greg Mitchell  |  

The World Bank estimates there are up to 445 million micro, small- and medium-sized enterprises in the developing world. In Latin America, nearly 90% of all businesses fall into this category. However, many of these businesses operate informally due to a lack of market information… Read More

September 15, 2020 @ 9:10 am By JD Alois  |  

Cross border payments Fintech dLocal has raised $200 million in a funding round led by General Atlantic. The capital infusion sets a valuation on the company of $1.2 billion thus creating a Latin American Fintech unicorn and Uruguay’s first. dLocal is a cross-border payment processor… Read More

September 10, 2020 @ 2:58 pm By Omar Faridi  |  

Mexico’s Übank, the provider of an automated savings solution that allows consumers to save based on their lifestyle and everyday expenses, is planning to expand its operations into the US in 2021. Übank claims that it uses innovative savings strategies. Its app can “transform” daily… Read More

August 30, 2020 @ 4:08 pm By Omar Faridi  |  

Fuse Capital, a company established by experienced VCs and business owners based in Rio de Janeiro, Brazil, recently revealed that it’s raising its first overseas fund for investors looking for long-term, but high-risk investment opportunities. Launched in November 2019, Fuse Capital aims to assist Brazilian… Read More

August 30, 2020 @ 3:48 pm By Omar Faridi  |  

Buying or selling property or real estate might begin to lose its appeal when we consider how time-consuming it can be to actually maintain these investments. However, Colombia based Proptech firm Habi says it plans to offer products and services that will help improve Latin… Read More

August 26, 2020 @ 5:27 pm By Omar Faridi  |  

  Central America is home to many Fintech firms such as Cuanto, Sube, and Klap which specialize in online payments. There’s also Adelantos and Vana which focus on personal credit. Central America based Fintech firms Omni and Cuscatalan are part of the region’s banking sector…. Read More

August 18, 2020 @ 6:31 pm By Omar Faridi  |  

Saving money and effectively managing monthly earnings or income should be a key priority for company employees, however, they usually don’t have access to the appropriate tools to make informed decisions regarding how to manage their finances. Brazil-based Fintech firm Allya, which aims to help… Read More

August 16, 2020 @ 4:41 pm By Omar Faridi  |  

Uruguay’s Kona, a company focused on enhancing customer experience with machine learning (ML) enabled solutions for businesses, which includes chatbots and various cognitive solutions for call centers, has reportedly landed a deal with a major Canadian bank. Established in Montevideo, and now headquartered in Toronto,… Read More

August 16, 2020 @ 4:33 pm By Omar Faridi  |  

Brazilian Fintech firm SuperSim, a microlending startup based in São Paulo, recently secured R$30 million (appr. $5.6 million) in capital through debt financing, so that it can improve the South American nation’s credit market. Latin American consumers and businesses have expressed concerns about how difficult… Read More

August 5, 2020 @ 11:01 pm By Omar Faridi  |  

Dash has teamed up with Taurus.io, a Mexican digital asset exchange, in order to launch a cryptocurrency based Visa debit card in Latin American markets. The card will only be offered to Taurus’ customers in Mexico (for now). The crypto debit card will reportedly be… Read More

July 27, 2020 @ 9:18 pm By JD Alois  |  

ReitBZ, a leveraged security token backed by real estate issued by BTG Pactual, has announced the distribution of its first dividend. According to ReitBZ, the digital asset will be the first of its kind to distribute profits to investors. Everything will be handled via blockchain-based… Read More

July 25, 2020 @ 4:33 pm By Omar Faridi  |  

Brazil-based Solfácil, a Fintech firm focused on helping with financing the installation of solar panels in homes, is reportedly looking to expand its operations after acquiring additional funding. In statements shared with BNamericas, Fábio Carrara, the founder and CEO, stated that the company is currently… Read More

July 24, 2020 @ 10:19 am By JD Alois  |  

BPC, a UK based payments provider, has partnered with Brazilian Desk, to offer Brazilian micro and small businesses digital financial services. BPC is a decades old firm providing digital solutions around the world. According to its website, BPC processed about USD $1 trillion during 2019…. Read More