Tagged: latam

March 9, 2025 @ 2:24 pm By Omar Faridi  |  

In a move signaling a shift in corporate treasury management, Brazilian Fintech Méliuz has embraced a new strategy to allocate a part of its overall cash reserves to Bitcoin, with the potential to make the leading cryptocurrency its primary treasury asset. Announced this past Thursday… Read More

March 2, 2025 @ 5:31 pm By Omar Faridi  |  

OneKey Payments, one of Brazil’s payment solution providers, is expanding its instant payment offerings with Belvo’s Biometric Pix. Already a Belvo client using Pix via Open Finance, OneKey is now adding this new feature to its portfolio, “bringing security and convenience to its merchants and… Read More

February 27, 2025 @ 10:07 pm By Omar Faridi  |  

Clara will now aim to offer its customers throughout Mexico, Colombia and Brazil Sumsub’s “full-cycle” verification platform and KYC/AML compliance expertise. Sumsub, a verification and compliance solutions provider, announced its partnership with Clara, the solution in Latin America for corporate expense management. This alliance will… Read More

February 26, 2025 @ 4:21 pm By JD Alois  |  

QED Investors and Valor Capital have led a $26.7 million Series A funding round in Capim, a Fintech based in Sao Paolo, Brazil. The company launched in 2021. The round included existing investors ONEVC, Canary, and NXTP, as well as new investors Endeavor, Saison, and Actyus. Capim is… Read More

February 23, 2025 @ 7:54 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2024 financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “2024 was… Read More

February 10, 2025 @ 8:59 pm By Omar Faridi  |  

Moneythor, a personalization engine for financial services providers, has announced its expansion to Latin America. The regional operations will be led by Enrique Ramos O’Reilly, Moneythor’s President Americas, who has 25 years of experience in banking and fintech. O’Reilly previously led Temenos‘ Latin America and… Read More

February 5, 2025 @ 10:30 am By Tony Zerucha  |  

As Open Banking becomes more popular in Latin America, Prometeo is well-positioned to be a major player in the space. Prometeo’s partners, a provider of a single API connecting businesses to every bank in 11 countries, include Santander, Bancolombia, Banco de México, and Chile’s Banco… Read More

January 29, 2025 @ 12:04 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN), provider of a cryptocurrency trading and investing platform, is expanding its global presence to Argentina, as part of its mission to support economic freedom worldwide. This move is designed to increase access to cryptocurrency services for millions of Argentinians. To operate in Argentina, Coinbase… Read More

January 22, 2025 @ 7:21 am By Omar Faridi  |  

Nu Holdings Ltd (NYSE: NU), the parent company of Nubank and Latin America’s most valuable fintech, is weighing the possibility of relocating its legal base to the United Kingdom as it eyes broader global expansion, including a potential entry into the highly competitive US markets…. Read More

January 21, 2025 @ 8:20 am By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) is reportedly expanding the feature that rewards holders of the digital dollar USDC to all users of Nubank Cripto in Brazil. As noted by Nubank, this latest expansion allows daily returns on a minimum balance of “10 USDC… Read More

January 17, 2025 @ 11:47 am By Omar Faridi  |  

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More

January 9, 2025 @ 2:55 pm By Omar Faridi  |  

IDB Invest approved an investment of up to $50 million in Victory Park Capital (VPC) Investor Fund W, L.P., a debt fund in Latin America and the Caribbean committed to offering financial solutions for Fintechs. The fund will focus on expanding access to financing for… Read More

January 8, 2025 @ 12:28 pm By JD Alois  |  

El Salvador has not only experienced a dramatic reduction in crime due to successful policies enacted by the current government, but the Latin American country has also embraced digital asset innovation. Another sign of crypto acceptance is that European digital asset firm Tokeny has signed… Read More

January 3, 2025 @ 12:42 pm By Omar Faridi  |  

In a development that underscores Binance’s commitment to adhering to   regulatory standards globally and regionally, they claim to have secured approval from the Central Bank of Brazil for the acquisition of Sim;paul, a broker-dealer licensed in Latin America’s most populous nation. According to the update… Read More

December 28, 2024 @ 5:11 pm By Omar Faridi  |  

This past month, the Bitcoin price surpassed the $100,000 barrier. According to Bitso, this is a monumental moment for Bitcoin and the crypto industry. Bitso noted that breaking the $100,000 mark, surpassing both price resistances and the psychological milestone, cements BTC as “one of the… Read More

December 23, 2024 @ 10:42 am By Omar Faridi  |  

Bitso— the financial services company powered by crypto in Latin America—listed on its platform the “enterprise-grade” token Ripple USD (RLUSD), a stablecoin with “1:1 parity” with the US dollar, which will now aim to complement the stablecoin offer now available on Bitso throughout fast-growing region…. Read More

December 22, 2024 @ 2:59 pm By Omar Faridi  |  

The year 2024 marked another period of consolidation and strategic growth for Brazil’s digital banking platform Nubank (NYSE: NU). The firm surpassed 100 million customers and reaffirmed its prominent position in the market by expanding its presence in the “high-income segment, pursuing international growth” with a… Read More

December 14, 2024 @ 11:30 am By Omar Faridi  |  

Nubank (NYSE: NU) is expanding Pix using generative artificial intelligence, both on its app and via WhatsApp. More customers can transfer money by giving commands using audio, text, and image messages, “ensuring convenience, speed, alongside a smoother experience and safety.” Pix with AI in the… Read More

December 13, 2024 @ 12:45 pm By Omar Faridi  |  

Kuady, a payments service processor, announced key updates in its Latin American expansion, with the launch of its digital wallet services in Ecuador and the roll-out of its virtual prepaid Mastercard in Argentina. These developments underscore Kuady’s commitment to driving financial inclusion and delivering payment… Read More

November 23, 2024 @ 5:58 pm By Omar Faridi  |  

Digital banking platform Nubank‘s (NYSE: NU) rise to Brazil’s “number one” bank provider is highlighted in an update which noted that the challenger has now overtaken Banco do Brasil, the country’s oldest bank founded in 1808, signifying a “paradigm shift” in the banking industry. By… Read More