Tagged: brazil

Brazilian Financial App Inter Acquires USEND

Inter, a Brazilian financial “super app,” has announced it has been approved to acquire USEND, a service offering transfers and payments, as well as non-financial services to more than 150,000 customers across 40 US states. USEND’s digital money transfer platform lets users make international transactions… Read More

LatAm Fintech Belvo Shares Report on State of Open Banking in Latin America in 2022

The team at LatAm Fintech Belvo has shared an update titled the State of Open Banking in Latin America in 2022. Belvo writes in a blog post that open banking – the opening of financial markets via technology, data, and the creation of new digital… Read More

Digital Banking: C6 Bank Explains How to Make the Most out of Your International Account

C6 Bank Mastercard clients who are in Caraíva (Bahia) this summer season will be able to practice beach tennis in “exclusive” spaces, in addition to enjoying various other benefits. As mentioned in an update from C6 Bank, the courts and equipment to practice the sport,… Read More

Fintech Adoption to Continue in 2022 with Financial Inclusion, Green Investments, Online Trading, Remittance Payments As Key Focus Areas

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

Digital Banking: C6 Bank’s Automated Platform Captures Significant Share of Brazil’s Toll Payment Market

C6 Bank‘s automatic-payment system is reportedly one of the fastest growing online platforms in Brazil. The C6 Bank began offering financial services in August 2019. The digital banking platform has introduced C6 tag, which has helped with accelerating growth for the firm. In around 2… Read More

2021 Saw Growing Appetite for Digital Payments Across Latin America: Report

Rapyd, a Fintech-as-a-Service firm, shared the results of a survey exploring the adoption of digital finance tools and e-commerce in Argentina, Colombia, Mexico, and Brazil. Even though the region has a fairly large unbanked population, the survey revealed that among those with active bank accounts,… Read More

EBANX, a Payments Platform in LatAm, Acquires Remessa Online, a Brazilian Remittance Payments Fintech

EBANX, the payments platform in Latin America, announced on December 15, 2021 that it has acquired Remessa Online, a Brazilian Fintech firm that specializes in international remittance services, “in a deal valued at $229 million.” With the addition of Remessa Online’s expertise and tech, EBANX… Read More

Sao Paulo Stock Exchange B3 Expected to Launch Crypto ETFs

The Sao Paolo Stock Exchange, B3, is expected to launch cryptocurrency investment options in 2022 according to multiple reports. The news was revealed during a presentation by B3 President Gilson Finkelsztain.   🔎 O presidente da B3, Gilson Finkelsztain, durante o B3 Day afirmou que… Read More

Nubank Prices IPO at $9 a Share, Will Trade on NYSE Under Ticker “NU” [u]

Nu Holdings or Nubank, will trade on the New York Stock Exchange today under the ticker symbol “NU”. Nubank, based in Brazil, is one of the most successful digital banks in the world. The pricing gives Nubank a valuation of over $40 billion. The company… Read More

Reality Check Before Take-Off: Why a $9 Billion IPO Target Downsizing Won’t Impact Nubank’s Path to the Pinnacle of Fintech

Brazil’s Fintech decacorn, Nubank is all set for a blockbuster IPO on the 8th of December that’s certain to resonate across the world of finance. Whilst the company has been forced to cut its valuation target by around $9 billion to a total of around… Read More

Nubank, a Leading Latin American Neobank, to IPO on NYSE this Week

Nu Holdings (Nubank), a Brazil-based Fintech, is expected to go public this week as shares are set to trade under the ticker symbol “NU” on the NYSE. Late last month, Nubank updated its price range to $8 to$9 per share. If the neobank bank floats… Read More

Brazilian Fintech TruePay Secures $32M in One of the Largest Series A Rounds in the Country

TruePay, a startup whose payment solution assists SMEs retailers with getting free and secure access to credit, has acquired $32 million in capital via a Series A round that was led by Addition. As mentioned in the announcement, this growth stage investment is one of… Read More

Brazil based Digital Banking Fintech Nubank Expands Digital Commerce Services

Brazil-based virtual banking Fintech Nubank has partnered with several different retailers in order to add a digital commerce section to its app. At the time of launch, Nubank‘s clients in Brazil can start shopping at retailers like AliExpress, Dafiti and Magalu via the app, with… Read More

Volt Crosses the Atlantic to Operate in Brazil

European payments firm Volt has entered Brazil. Volt states that it has now integrated Brazil’s domestic instant payments network Pix – and established its physical presence in São Paulo. Volt states that it currently works with over 5000 banks in Europe on the PSD2 Open… Read More

Colt Technology Services Expands Capital Markets Offering into Latin American Markets

Colt Technology Services has announced that it’s expanding its capital markets product offering into Latin America (LatAm), giving clients from the US, Europe and APAC cost effective, low latency access to B3 – a major financial market infrastructure firm and the largest in the region… Read More

EBANX Acquires B2B Fintech Juno, a Brazilian Payments Firm Streamlining Digital Commerce

EBANX, a Fintech firm for payment solutions in Latin America, confirms that it has finalized the acquisition of Juno, a Brazilian payments firm that enables e-commerce via billing and banking services in the South American country. Juno, one of the key players in the domestic… Read More

Cybersource, a Visa Solution, and Fintech Ebanx to Handle Payments in Brazil

Cybersource, a Visa solution, and Ebanx, an international payments Fintech that is focused on  Latin American (LatAm) markets, have entered into a partnership for handling payments in Brazil. Cybersource’s customers across the globe will have access to EBANX‘s payment services for  Brazil, and provide their… Read More

Santander Introduces “Green” Sustainable Payment Cards in Spain

Banco Santander (NYSE: SAN) has started to introduce its sustainable payment cards, which are reportedly made with recycled material. The cards are being rolled out in Spain. Santander had previously launched the “One Card” design in Poland and Portugal. The financial institution plans to have… Read More

NFT Art Marketplace Tropix Celebrates $2M Seed Round

Digital art NFT marketplace Tropix today announced a $2 million seed round that will be used to build a better solution for NFTs, grow its marketing operations and research and development, and expand its gallery portfolio. This round was led by 2TM, the parent company… Read More

Volt Execs Welcome Open Banking in Brazil

This week’s launch of Open Banking Excellence’s presence in Brazil could play a key role in the country’s emergence as an open banking stalwart, two executives from instant payments infrastructure provider Volt believe. CEO Tom Greenwood said Banco Central do Brazil has gone farther than… Read More

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