Tagged: brazil

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

Brazil-Based Mobile Payments Platform RecargaPay Attracts $70 Million Through Series C Funding Round Co-Led By IDC Ventures & Fuel Venture Capital

  Brazil-based mobile payments platform RecargaPay announced on Wednesday it secured $70 million through its Series C funding round, which was co-led by IDC Ventures and Fuel Venture Capital with participation from  ATW, LUN Partners, and Experian. The funding round comes less than three years… Read More

Brazilian Financial Marketplace For Receivables Monkey Scores $6 Million through Series A Investment Round

Monkey, a Brazil-based financial marketplace for receivables, has reportedly raised $6 million through its Series A funding round, which was co-led by Quona Capital and Kinda Ventures. Founded in 2016, Monkey describes itself as an “ecosystem” that aims to make the receivable discount market more… Read More

Brazilian Fintech Nubank Secures $400 Million Through Series G Funding Round

  Nubank, a Brazil-based fintech startup, announced on Thursday it raised $400 million through its Series G funding round, which attracted new investors, including GIC, Whale Rock and Invesco, along with former investors such as Sequoia, Tencent, Dragoneer, and Ribbit.  As previously reported, Nubank was founded… Read More

Digital Banking: Neobanks like Nubank, Neon, and Uala are Now Key Players in South and Latin America Fintech Sector

The digital banking sector in South America has been growing steadily, with now over 30 neobanks in the region. Digital banking platforms currently serve more than 50 million consumers out of the region’s (approximately) 430 million residents, according to the latest data from Dutch Fintech… Read More

Payment Fintech dLocal Teams Up With Lending Platform Dinie to Bring “Pay Later” Option to Brazilian SMEs

  dLocal, a U.S.-based cross-border payment platform, announced on Tuesday it has formed a new partnership with online lender Dinie to allow global merchants to offer installment payments to their customers in Brazil as a form of small business lending. According to dLocal, this collaboration… Read More

Brazilian Lending Firm Creditas Secures $255 Million in Capital as Fintechs in Latin America Continue to Acquire Large Investments

Brazilian lending firm Creditas has secured $255 million in capital as Fintech startups across Latin and South America continue to attract large investments. Creditas’ credit portfolio has reportedly surpassed 1 billion reals (appr. $196.66 million) and this latest funding round will value the firm at… Read More

Nubank: A LatAm Fintech Valued at $10 Billion and Growing Fast

Last week during LendIt Fintech’s LatAm virtual event, David Velez, founder and CEO Nubank, took to the screen to share some of his experiences in launching a digital bank in Latin America that has now emerged as a hugely successful Fintech. In 2013 following years… Read More

Bitso Receives $62-million Investment from Kaszek Ventures and QED Investors

Bitso, a Mexico based crypto platform, has received a $62 million investment from Kaszek Ventures and QED Investors. The series B funding represents the first foray into cryptocurrency for both QED Investors and Kaszek Ventures. The digital asset platform says this is the first major… Read More

P2P Bitcoin Exchange LocalBitcoins Reports that Russia, Venezuela, Colombia are Among its Main Markets with Most BTC Trading Activity

LocalBitcoins, a global peer to peer (P2P) Bitcoin exchange, notes that its platform allows users to invest in BTC which is notably one of the best-performing assets of 2020. The LocalBitcoins team confirms in a blog post: “According to our data, our main markets are… Read More

Chubb Joins Forces With Nubank to Launch Fully Digital Life Insurance Offering in Brazil 

Nubank and Chubb announced on Tuesday the launch of a fully digital life insurance offering, Nubank Vida, in Brazil. According to the duo, Nubank Vida is underwritten by Chubb and was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform… Read More

Brazilian Insurtech Pier Raises $14.5 Million Through Series A Funding Round Led By Monashees

Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More

First Stablecoins in Brazil and Argentina Launched on Stellar

Settle Network has launched two new stablecoins on in Argentina (ARST) and the other in Brazil (BRLT). Both issued using Stellar, these are the first stablecoins in each country. Stellar is a decentralized network that has focused on financial products and services. According to a… Read More

Brazil’s Reserve Bank Launches its PIX Instant Payments Platform, Might Allow WhatsApp P2P Payments Soon

Brazil’s reserve bank has launched its PIX instant payments platform and has also noted that WhatsApp might soon be allowed to reintroduce its peer to peer (P2P) payments service in the South American country. PIX allows local residents, companies, and government agencies to carry out… Read More

Brazil’s Reserve Bank Introduces Regulatory Sandbox Program to Support Financial and Payment Innovations

​Brazil’s National Monetary Council (CMN), which is responsible for establishing monetary and credit policies, will be working with Banco Central do Brasil (BCB), the nation’s reserve bank, in order to create guidelines for managing the operation of the “Controlled Tests Environment for Financial and Payment… Read More

Brazilian SME Online Lender BizCapital Announces Additional $3 Million Investment Through Series B Funding Round

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

Brazil Is Reportedly Planning to Conduct IPO for Caixa Econômica Federal, which has Built a Digital Banking Platform during COVID-19 Crisis

Paulo Guedes, the Minister of Economy in Brazil, recently noted that the country is planning to join the Organization for Economic Cooperation and Development (OECD), which is an intergovernmental economic organization with over 30 member countries. The OECD aims to promote economic growth and also… Read More

Paxful Teams Up With Transfero to Introduce BRZ Token to P2P Bitcoin Marketplace

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently announced it has formed a strategic partnership with Transfero Swiss AG, the largest digital asset management firm in Latin America and the owner of Brazilian Digital Token (BRZ), a stablecoin pegged to Brazilian Real. According to Paxful,BRZ’s price… Read More

No Code Integration Company Digibee Co-Founder Says Open Banking Is Revolution that Could Streamline Financial System

  Rodrigo Bernardine, Co-founder at Digibee Inc, a company that aims to connect enterprises to the world 10x faster with “No Code” Integration methods, claims that Open Banking is a revolution that could streamline or enhance the existing financial system. He notes that banks require… Read More

JPMorgan backed Brazilian Fintech FitBank to Expand Payments Services Business into the US

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

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