Tagged: brazil

Nova Credit Expands into Latin America: Solving Credit Access for Immigrants, One Country at a Time

Nova Credit, started as a Stanford graduate research project in 2015, has quickly gained ground as a cross-border credit reporting agency aiming to solve the problem of credit access for immigrants and underbanked.  The platform will begin serving immigrants from South America through partnering with the Brazilian credit bureau… Read More

Brazilian Utility EDP Implements Blockchain for Distributed Electricity Generation

Energias de Portugal (EDP), a leading company in the Brazilian electric production sector, has become the first in the market to use blockchain technology for the measurement and recording of energy consumption and distributed generation coming from its consumers. While blockchain, or distributed ledger technology… Read More

Brazilian Court Temporarily Restores One of Four Walltime Crypto Exchange Accounts Closed by Banks

Operators of the Walltime cryptocurrency exchange in Brazil have won a preliminary injunction forcing Caixa Economia Federal (bank) to restore Walltime’s access to its account, Portal Do Bitcoin reports. According to Walltime lawyer Graziela Brandão, Caixa Economia Federal shuttered the Walltime account without notice or… Read More

Ripio Claims First Marketplace to Trade ETH for Brazilian Reais & Argetine Pesos

Ripio, previously doing business a BitPagos before a rebrand, has integrated Ethereum, becoming the first cryptocurrency wallet that allows the purchase and sale of Ethereum in both Argentina and Brazil. Sebastián Serrano, Founder and CEO of Ripio, said the addition of Ethereum will open their door to… Read More

Global Expansion Continues: Huobi Crypto Exchange Establishes Foothold in Brazil

In a recent conversation with Brazilian nationals, including a bank manager and an accountant, I was told that Bitcoin is “not popular” in Brazil. That may be about to change. Brazilian site Portal do Bitcoin have reported that representatives from the third largest cryptocurrency exchange… Read More

Brazil Fintech Nubank Launches Facial Biometrics “AccessoBio”

Brazilian fintech startup Nubank announced earlier this week the launch of its new facial biometrics feature, AccessoBio. According to various reports, the fintech firm will now use the AccessoBio tool to help prevent identity fraud in credit card transactions. ZDNet noted that Nubank believes the introduction of… Read More

Santander InnoVentures Moves into Brazil with Creditas Series-C Investment

Santander InnoVentures, the fintech venture capital fund of Santander Group, has invested in the startup Creditas, a leading Brazilian secured lending platform. Creditas is Santander InnoVentures, Santander’s USD 200 million corporate VC fund, first investment in Brazil and second in Latin America. Creditas increased of… Read More

Santander Launches International Blockchain-Based Money Transfer Service Across Spain, UK, Brazil, & Poland

Santander announced on Thursday the launch of its new international payments service using blockchain-based technology. The service is available to retail customers in Spain, UK, Brazil, and Poland, and will be rolled out across more countries in the coming months. According to Santander, the new… Read More

Brazilian Marketplace FinanZero Secures $3.6 Million Through Series A Funding Round

FinanZero, a marketplace for consumer loans in Brazil, announced on Monday it raised $3.6 million through its Series A funding round, which was led by  Swedish publicly listed investment company, Vostok Emerging Finance, with participation by other Swedish investors, including Webrock Ventures and Zentro Founders. Founded in 2015 and launched in 2016, FinanZero describes… Read More

Precedent: Tokens as Securities Under Brazilian Law & Brazil’s Securities and Exchange Commission

Late last year, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários or CVM) spoke about initial coin offerings (ICOs). At that time, the CVM published a frequently asked questions-like notice (see here). The FAQ lays down some introductory aspects on the subject, conceptually… Read More

Brazilian Mobile Payments Platform RecargaPay Secures $22 million Through Series B Investment Round

On Thursday, Brazil-based mobile payments platform RecargaPay announced it secured $22 million through its Series B investment round. According to the company, New investors include IFC, a member of the World Bank Group, TheVentureCity, and Ventech.  Reportedly, entrepreneurs Fabrice Grinda and Martin Varsavsky and more than 100 angel… Read More

Brazilian Fintech EBANX Secures $30 Million Investment From FTV Capital

Brazilian fintech EBANX announced on Wednesday it has secured a $30 million investment from FTV Capital. The company states it is focused on helping global merchants grow exponentially and increase revenue in Latin America by offering end-to-end local payments solutions, which allows businesses to sell to… Read More

Brazilian Fintech Nubank Opens New Engineering Office in Berlin

Earlier this week, Brazilian fintech startup Nubank announced it has opened an engineering unit in Berlin. According to CTO Edward Wible, the company is expecting to hire two dozen employees for the new German hub. Founded in 2013, Nubank stated it is committed to fighting… Read More

Crowdfunding is Now Regulated in Brazil

The Commissão de Valores Mobiláros (CVM) in Brazil has published their regulatory regime to legalize investment crowdfunding. The document outlining the rules is embedded below (in Portuguese). The Investment crowdfunding regulation (Regulation 588) creates a new exemption for issuers of securities to raise funding online…. Read More

Report: Brazil Central Bank Looking to Fintech to Boost Economic Growth

Brazil used to be the darling of emerging markets. For years the country could do no wrong. Blessed with amazing natural resources, including a good supply of oil, and a growing middle class, Brazil appeared to be trailblazing a path to prosperity and growth. Today,… Read More

StartEngine-Funding Alkane Truck Company Announces Exclusive Agreement With Brazilian Truck Manufacturer Agrale

Following the launch of its StartEngine crowdfunding campaign, South Carolina’s Alkane Truck Company announced its exclusive agreement with Brazilian truck manufacturer, Agrale. The company stated the agreement names it the sole representative for Agrale’s sales and service in North America. As previously reported, Alkane assembles heavy-duty trucks that… Read More

The Startup and SME Funding Void in Brazil and How to Fix It

  Brazil has a number of similarities to the rest of the world when it comes to funding startups, small or medium enterprises (SMEs). These business owners either have to fund their businesses themselves, seek capital from close friends or family, Angels, VCs, or for… Read More

Brief: Microsoft Joins Banco Votorantim in its Growing Interest in Brazilian Fintech Investments

Microsoft Corp (MSFT.O) and Brazilian lender Banco Votorantim have added a new specialty to its venture capital portfolio in Brazil, reported Reuters. Votorantim will invest an initial 3 million reais ($930,000) in the BR Startups fund created by Microsoft in 2014, with an expectation of funding about a… Read More

BCN Mobile World Congress: PayPal + Vodafone= Faster Fintech

The Mobile World Congress 2016 continues today in sunny Barcelona.  PayPal announced its new global partnerships and product updates that showcase its vision of using technology to reimagine financial services to be faster, simpler and more inclusive, whether online, in-app, in store or in new contexts. “We… Read More

Brief: Vitacon Incorporadora e Construtora Launches URBE.ME Real Estate Initiative to Fund Brazilian Building “VN Cardoso de Melo”

Vitacon Incorporadora e Construtora, a real estate company based out of Brazil, has launcheda investment crowdfunding campaign on URBE.ME to raise funds of what’s considered the first building to be financed by the funding method, VN Cardoso de Melo. The financing of the real estate development… Read More