Tagged: brazil

January 17, 2020 @ 9:08 pm By Samantha Hurst  |  

Brazilian fintech EBANX announced earlier this week the launch of its new digital account, EBANX GO, and prepaid card in a partnership with Visa that offers 5% cashback in purchases made in a list of 18 specific merchants, which includes Spotify, AliExpress, Gearbest, UseGiraffe, PatPat,… Read More

January 14, 2020 @ 11:47 pm By Omar Faridi  |  

Mexico-based Fintech firm Resuelve Tu Deuda has secured $453 million pesos (appr. $24 million) in funding which includes both equity and financing in order to expand its business operations within and outside of the Latin American region. The company’s investment round was led by Alloy… Read More

January 13, 2020 @ 7:57 am By Omar Faridi  |  

Two Indian co-founders of Google Pay are reportedly preparing to launch a neo-banking platform in the Asian country and they have managed to acquire financial backing from three established venture capital funds. Sujith Narayanan, an experienced senior management professional specializing in the payments industry, who… Read More

December 30, 2019 @ 2:57 pm By JD Alois  |  

Brazil’s Piemonte Holding says it is the first secondary market place in the country to facilitate trading in a tokenized bond offering. According to a release, a R$ 66m (USD $ 16.2 million) private bond issuance, Piemonte “Smart Bond,” is leveraging Globex US Holdings, Corp… Read More

December 26, 2019 @ 8:17 am By Omar Faridi  |  

Banco de Brasil (BB), the third largest bank in Brazil, has teamed up with local Fintech firm Bom pra Crédito (BPC) (an acronym in Portuguese for “Good for Credit”). BPC provides a marketplace that displays and compares the different conditions for personal credit among 36… Read More

December 16, 2019 @ 12:17 am By Samantha Hurst  |  

XP (Nasdaq: XP), a digital brokerage and wealth management company based in Brazil, announced on Friday it closed its initial public offering (IPO) of 83,387237 of its Class A common shares at a public offering price of $27 per share. XP reported that it issued and… Read More

December 12, 2019 @ 1:35 am By Omar Faridi  |  

Rebel, an online consumer finance company that provides Brazilian residents access to unsecured credit at competitive rates, has raised $10 million in equity funding. The company’s latest funding round has come just a year after it secured $4 million from XP Asset Management and various… Read More

December 8, 2019 @ 9:09 pm By Omar Faridi  |  

Igor Senra and Leo Mendes, founders of online payments company MOIP, which was acquired by WireCard in 2016, have raised $10 million in order to help fund the operations of a new company, called Cora. Senra and Mendez developed their first business by providing services… Read More

December 4, 2019 @ 7:37 am By Omar Faridi  |  

San Francisco-headquartered Migo, a Fintech firm that has developed a cloud-based lending solution, revealed on December 3 that it secured $20 million following the first closing of its Series B investment round. New York-based Valor Capital Group, an international VC firm with a special focus… Read More

November 19, 2019 @ 2:55 pm By JD Alois  |  

Brazilian Digital bank Neon has reportedly raised $95.27 million in a funding round led by Banco Votorantim and the General Atlantic fund. This is according to a write up in Estado. Neon claims a customer base of 2 million users. The additional funding will help… Read More

November 18, 2019 @ 11:09 pm By JD Alois  |  

NIUM, a digital payments platform based in Singapore formerly operating as InstaReM, has partnered with Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil. NIUM will power Frente’s cross border payments, according to a release. The move as a significant step for NIUMs… Read More

October 11, 2019 @ 9:58 pm By Samantha Hurst  |  

Nubank, a Brazil-based fintech startup, has reportedly surpassed 15 million customers. According to Reuters, Nubank’s CEO David Vélez announced the figure, which marks a 25% increase from the total that Nubank disclosed in August. As previously reported, Nubank was founded in 2013 and is committed to… Read More

October 1, 2019 @ 7:40 am By Omar Faridi  |  

Brazil’s Fintech industry has been growing steadily with most local companies focusing on providing B2B services, according to a recent study. There are at least 504 Fintech firms based in Brazil across 10 different segments. Last year, there were only 377 Fintech companies operating in… Read More

September 27, 2019 @ 9:01 am By JD Alois  |  

Leading online investment platform OurCrowd has announced that it will open its 13th global office in São Paulo, Brazil. OurCrowd sees the  region as a key location for innovation. OurCrowd announced the news during OurCrowd Sync: São Paulo 2019, the company’s first major event in… Read More

September 6, 2019 @ 10:14 pm By Samantha Hurst  |  

Brazilian fintech EBANX announced on Friday it has formed a partnership with AliExpress, a global retail online marketplace of Alibaba Group, to launch a physical store in Curitiba, Brazil.  According to EBANX, the store consists of a 32 meters panel, installed in one of the… Read More

August 7, 2019 @ 11:52 am By JD Alois  |  

OurCrowd, a digital investing platform, is expanding its presence in the Latin America market. According to a release, OurCrowd will host an invite-only event in Sao Paulo later this fall. Labeled “OurCrowd Sync” the crowdfunding platform has joined up with Rodrigo Monteiro and the team… Read More

July 30, 2019 @ 10:52 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has signed an MOU with Brazilian home improvement retailer Leroy Merlin to expand the e-commerce business of the construction and home improvement specialist. “As part of the cooperation, Wirecard will support the… Read More

July 19, 2019 @ 1:56 pm By Samantha Hurst  |  

Mambu, a Berlin-based SaaS banking platform provider, recently announced it has formed it has signed its first Brazilian client, Acesso, a financial services company specializing in issuing and managing prepaid cards with a reputation for setting benchmarks in the country. Founded in 2010,  Acesso currently… Read More

July 12, 2019 @ 11:47 am By JD Alois  |  

BTG Pactual, a large South American investment bank, recently launched a successful security token offering for a real estate fund.  REITBZ was the first-ever tokenized investment fund in South America. Until recently BTG Pactual only offered services to high net worth and ultra-high net worth… Read More

July 10, 2019 @ 3:32 pm By Samantha Hurst  |  

Brazilian digital secured lending platform, Creditas, successfully secured $250 million through its latest investment round, which was led by Japan’s SoftBank with participation from Vostok Emerging Finance (VEF).  As previously reported, Creditas’ mission is to reduce the Brazilian consumer debt burden by offering consumer loans… Read More