Tagged: brazil

September 27, 2022 @ 10:30 pm By João Vitor Menin  |  

When COVID-19 cases first appeared in late 2019, its contagion abilities were wildly unanticipated by world leaders, and it was ungracefully downplayed by mainstream media. This caused a subsequent uncontrollable outbreak that eventually dampened the quality of life for billions and dented economies across the… Read More

September 27, 2022 @ 12:24 pm By Omar Faridi  |  

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

September 22, 2022 @ 1:42 am By Omar Faridi  |  

Persona announced it has partnered with Serpro, the federal government technology company of Brazil. As part of the partnership, Persona has “integrated with Serpro to unlock the ability to validate both PII and biometric information against government data sources.” The joint initiative will enable organizations… Read More

September 18, 2022 @ 9:42 am By Omar Faridi  |  

After reaching the milestone of 20 million accounts opened, Brazil’s C6 Bank has introduced  an “exclusive” service aimed at the high-income segment. Called Carbon, the new service is free of charge and has a new proposal at the bank: the Carbon Partner, a specialized executive… Read More

September 7, 2022 @ 4:38 pm By JD Alois  |  

Klavi, a Brazilian Fintech startup, has raised $15 million in a Series A funding round. The funding was led by venture capital funds Iporanga Ventures and Parallax Ventures and included GSR Ventures. Klavi said the banking infrastructure provider CIP S.A. and Vivo Ventures, Vivo’s Corporate… Read More

September 6, 2022 @ 9:23 am By JD Alois  |  

Credix, a Brazilian Fintech, has raised $11.25 million in Series A funding, according to a corporate statement. The Credix funding round was led by Motive Partners’ Early Stage fund and ParaFi Capital. Other investors include Valor Capital Group, Victory Park Capital, MGG Investment Group, Circle… Read More

September 2, 2022 @ 11:58 am By Omar Faridi  |  

C6 Bank is offering special conditions for the purchase of airline tickets “with Atoms points through the bank’s application.” Between the 24th and 26th of August, the bank’s customers had been able to purchase national and international flights “at different prices through C6 Travel, an… Read More

August 19, 2022 @ 10:17 pm By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and cryptocurrency solutions, announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, “the first bank in Latin America to utilize ODL.” Travelex is the first bank registered and “approved by the Central Bank of Brazil… Read More

August 16, 2022 @ 4:42 pm By JD Alois  |  

XTAGE, a digital asset trading platform created by Brazilian brokerage XP (Nasdaq: XP), has launched trading of Bitcoin and Ethereum, according to multiple reports. The creation of XTAGE was announced this past May as a collaboration with Nasdaq. At that time, Lucas Rabechini, Director of… Read More

August 4, 2022 @ 9:01 am By Omar Faridi  |  

MercadoLibre, Inc. (Nasdaq: MELI), which claims to be Latin America’s leading e-commerce technology company, reported financial results “for the quarter ended June 30, 2022.” The company hosted an earnings video as well as a conference call and audio webcast “for any questions that investors may… Read More

August 2, 2022 @ 11:46 am By Omar Faridi  |  

In yet another initiative with the goal of transforming consumers’ financial lives via education, Brazil’s C6 Bank is promoting the second edition of the Financial Expedition, a project that takes free workshops “to communities in small municipalities.” This edition takes place between the 9th and… Read More

August 1, 2022 @ 11:20 am By JD Alois  |  

Latin American Digital bank Nubank (NYSE: NU) has emerged as the largest brokerage in Brazil as it tops 5 million investors. According to a blog post, Nubank has the largest number of active investors on a digital brokerage in the country. Nubank facilitated the investing features with… Read More

July 27, 2022 @ 12:56 pm By JD Alois  |  

Bitso, a Latin American crypto exchange, has facilitated the transfer of Argentian football (soccer) player to São Paulo FC’ Bitso states that this is the first such transfer to take place with midfielder Giuliano Galoppo signing with the São Paulo club, completed with crypto, and… Read More

July 24, 2022 @ 5:37 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd, the technology-as-a-service provider and an associate of Ping An Group, recently announced the launch of OneCosmo, a “one-stop” omni platform for all-in-one digital banking solutions jointly “developed with Brazil-based tech company Pismo, one of the fastest growing banking Software-as-a-Service (SaaS)… Read More

July 21, 2022 @ 3:10 pm By JD Alois  |  

Neon, a Brazilian Fintech and digital bank, says it has raised $80 million for its first Credit Rights Investment Fund (FIDC). The credit card investment fund is focused on credit cards. Jamil Marques, CFO of Neon, said this 2nd fundraising by Neon endorses the strength… Read More

July 18, 2022 @ 1:27 pm By JD Alois  |  

Itaú Unibanco, a Brazilian digital bank, has launched Itaú Digital Assets as it targets the crypto asset sector of finance. The bank has created a dedicated web page for Itaú Digital Assets indicating its mission to tokenize, issue, and trade digital assets as well as… Read More

July 18, 2022 @ 12:20 pm By JD Alois  |  

Huobi Global has announced a partnership with Fintech Capitual to provide “account individualization” in Brazil. Huobi is a prominent crypto exchange operating in 160 different countries reporting tens of millions of users. Capitual is a Brazilian payments gateway and “hybrid digital bank” that takes a… Read More

July 12, 2022 @ 6:42 pm By Omar Faridi  |  

Brazil’s secured lending platform Creditas is getting ready to expand its product offering, after obtaining a banking license as well as a mortgage marketplace. The company is reportedly acquiring Brazil‘s banking license of Andorra’s Banco Andbank, allowing it to take customer deposits. As part of… Read More

July 7, 2022 @ 9:37 am By JD Alois  |  

Neon, a Brazilian digital bank, has hired André Madeira as the company’s new Chief Technology Officer (CTO). Madeira has previously worked at Google, Coinbase, and Snap and thus brings considerable experience to his new role. Madeira will be tasked with “transforming Neon into a technology-driven… Read More

July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More