Tagged: brazil

SoftBank Latin American Fund Backs Mercado Bitcoin $200M Series B

Latin American cryptocurrency exchange Mercado Bitcoin today completed a $200 million Series B raise from the SoftBank Latin America Fund, Mercado Bitcoin parent company 2TM Group announced. 2TM Group now has a $2.1 billion valuation. The funds are earmarked for product and technology development along with… Read More

QED Investors Leads $30 Million Series B in Brazilian Fintech Solfácil

Solfácil, a solar Fintech based in Brazil, has raised a $30 million Series B funding round led by top Fintech VC QED Investors. According to a note from Solfácil, the round is the largest venture capital injection in the distributed solar sector in Brazil.  Existing… Read More

Latam Fintech Nubank Said to be Planning an IPO in the US

Brazil-based digital bank Nubank is said to be in the early stages of pursuing an initial public offering (IPO) in the US. Earlier this month, it was reported that Nubank had acquired $750 million in capital as part of two extensions of its latest Series… Read More

QR Codes in Latin American Digital Banking: 2021 and Beyond

With the growing knowledge and adoption of digital banking, many consumers are still learning about the capabilities of contactless payments due to new perceptions of value, security, and availability, creating an ongoing challenge for merchants. Consumers are seeking out simplicity and instantaneous opportunities more than… Read More

Brazilian Fintech EBANX, a Cross-Border Commerce Platform, Secures $400M from Advent International, Another $30M in Commitments

Brazil-based EBANX, a cross-border commerce platform, recently acquired $400 million in capital from Advent International and another $30 million commitment. The company is now planning an initial public offering (IPO) in the US. Advent has reportedly made strategic investments in Vantiv, Worldpay, Nets, Nexi, Planet,… Read More

Latin American Buy Now Pay Later Platform ADDI Scores $65 Million Through Series B Round Led By Union Square Ventures; Forms Partnership With Banco Santander

ADDI, a Latin-America-based Buy Now Pay Later platform, announced on Thursday it secured $65 million through its Series B funding round, which was led by Union Square ventures. The company also announced its new strategic partnership with Banco Santander. Founded in 2018, ADDI claims it was… Read More

Digital Payments Fintech SafetyPay Adds PIX as Payment Method in Brazil

SafetyPay, a digital alternative payments platform offering solutions across Latin America (LatAm) and European markets, has announced the implementation of PIX as a payment method in Brazil, in order to support instant payments with QR codes. SafetyPay aims to facilitate the transfer of funds and… Read More

Crypto.com Unveils Zero-Fee Brazilian Real Bank Transfers on Mobile App

  Hong Kong-based Crypto.com announced on Wednesday the launch of zero-fee Brazilian Real (BRL) bank transfers and BRL as a payment currency in the Crypto.com App. The platform also added Brazilian Portuguese to its language list.  Crypto.com reported that the integration marks the first “major step”… Read More

Brazil-Based Payment Technology Network CloudWalk Raises $190 Million Through Series B Led By Coatue

  CloudWalk, a Brazil-based payment technology network, announced on Tuesday it raised US$190 million through its Series B funding round, which was led by Coatue with participation from DST Global, FIS, The Hive Brazil, and Valor Capital. The latest investment round brings CloudWalk’s total funding raised… Read More

Brazil based Fintech Ebanx Appoints Company Co-Founder João Del Valle as New CEO

João Del Valle, Co-founder at Ebanx, is the new Chief Executive of the firm. After working as COO for several years, preceded by nearly seven years as company CTO, Del Valle has now taken over the executive leadership of the Fintech firm, which was being… Read More

Brazil based Investment Firm Warren Secures BRL 300 Million in Capital via Series C led by GIC, Singapore’s Sovereign Fund

Brazil-based investment firm Warren recently revealed that it finalized a BRL 300 million (appr. $55.16 million) funding round that was led GIC, which is Singapore’s sovereign fund that has made other investments in the country’s Unicorns such as Nubank and Hotmart. Warren’s investment round includes… Read More

Fintech Unicorn Nubank’s Mexican Division Nu Mexico to Acquire $135M in Capital to Expand Operations in Latin America

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

Brazilian Online Credit Marketplace FinanZero Secures $7 Million Through Latest Funding Round Led By Swedish Investors VEF, Dunross & Co.

FinanZero, a Brazil-based online credit marketplace, announced on Tuesday it secured $7 million through its latest funding round, which was led by Swedish investors VEF, Dunross & Co. and Atlant Fonder. Founded in 2016, FinanZero claims that it simplifies the way to apply for all type… Read More

Brazilian Fintech Cora Secures $26.7 Million Through Series A Funding Round Led By Ribbit Capital

    Cora, a Brazil-based fintech, announced on Monday it raised $26.7 million through its Series A funding round, which was led by Ribbit Capital with participation from  Kaszek Ventures, QED Investors, and Greenoaks Capital. Cora reported that with the latest round of funding, it has… Read More

Brazil’s Reserve Bank to Again Allow Facebook Owned WhatsApp to Offer P2P Payments

Brazil’s reserve bank will again allow Facebook-owned WhatsApp to offer peer-to-peer payments services in the South American country. The decision to permit WhatsApp to again facilitate transactions in Brazil has come nine months after the service had been suspended. In June of last year, Brazil… Read More

Global Real Estate Funding Slowed Down Significantly in Late 2020, but Brazil’s Loft Holdings Bags $425M

The global real estate fundraising activity weakened or slowed down significantly last year, according to a report from Pitchbook. Companies were, however, able to keep activity “steady” during H2 2020, but toward the end of the year, fund closings had “ground nearly to a halt,”… Read More

Bitcoin ETF: Pending US BTC Exchange Traded Fund Applications include WisdomTree, VanEck, NYDIG Asset Mgmt, Skybridge, First Trust 

The researchers at Bloqport have confirmed that only a month after launch, the first-ever Bitcoin ETF has reached $1 billion CAD in assets under management or AUM (as of March 20, 2021). Just one month after launch, the first ever #Bitcoin ETF has hit $1… Read More

Latam: Piemonte Holding Launches Bond Trading Platform Using Blockchain by Horizon

Piemonte Holding has launched a bond trading platform using blockchain technology. The new marketplace is said to be the first of its kind in Latin America. The platform is designed to enable Piemonte’s investors to trade R$150 million in debentures all using the Ethereum blockchain…. Read More

At least 93 Fintech Firms in Mexico are in Process of Acquiring Financial Technology Institute License: Report

During the past few years, the Fintech sector in Mexico has grown steadily to become one of the “most developed” in the Latin American (LatAm) region, according to a report released in January 2021 by the Comisión Nacional Bancaria y de Valores (“National Banking and… Read More

Global Fintech Investment Activity Recovered Strongly in H2 2020 after COVID-related Slowdown, $105B Raised via 2,861 Deals

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

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