Tagged: brazil

EBANX Teams Up With AliExpress to Launch Experience Store in Brazil

Brazilian fintech EBANX announced on Friday it has formed a partnership with AliExpress, a global retail online marketplace of Alibaba Group, to launch a physical store in Curitiba, Brazil.  According to EBANX, the store consists of a 32 meters panel, installed in one of the… Read More

OurCrowd Boosts Presence in Latin America with SYNC

OurCrowd, a digital investing platform, is expanding its presence in the Latin America market. According to a release, OurCrowd will host an invite-only event in Sao Paulo later this fall. Labeled “OurCrowd Sync” the crowdfunding platform has joined up with Rodrigo Monteiro and the team… Read More

Wirecard Now Supporting Brazilian Home Improvement Retailer Leroy Merlin With Online Marketplace Solution

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has signed an MOU with Brazilian home improvement retailer Leroy Merlin to expand the e-commerce business of the construction and home improvement specialist. “As part of the cooperation, Wirecard will support the… Read More

Mambu Signs First Brazilian Client Acesso

Mambu, a Berlin-based SaaS banking platform provider, recently announced it has formed it has signed its first Brazilian client, Acesso, a financial services company specializing in issuing and managing prepaid cards with a reputation for setting benchmarks in the country. Founded in 2010,  Acesso currently… Read More

BTG Pactual: REITBZ an STO for a Real Estate Fund, Raises $3.3 Million, Switches to Tezos, Uses Jumio for ID Verification & Plans Secondary Transactions

BTG Pactual, a large South American investment bank, recently launched a successful security token offering for a real estate fund.  REITBZ was the first-ever tokenized investment fund in South America. Until recently BTG Pactual only offered services to high net worth and ultra-high net worth… Read More

Brazilian Lending Platform Creditas Secures $250 Million Through Latest Investment Round Led By SoftBank

Brazilian digital secured lending platform, Creditas, successfully secured $250 million through its latest investment round, which was led by Japan’s SoftBank with participation from Vostok Emerging Finance (VEF).  As previously reported, Creditas’ mission is to reduce the Brazilian consumer debt burden by offering consumer loans… Read More

BTG Pactual & Dalma Capital Set to Utilize Tezos For Security Token Offerings

Blockchain project Tezos Foundation announced last week that Banco BTG Pactual S.A., Latin America’s largest standalone investment bank, together with Dalma Capital, a prominent Dubai asset manager, will be using its platform for Security Token Offerings (STOs), including the ongoing REITBZ STO. Tezos reported that… Read More

Ripple Continues South American Expansion By Launching Operations in Brazil

Ripple, a provider of enterprise blockchain solutions for payments, announced on Tuesday it is expanding its South America footprint by opening operations in Brazil. As part of the new location’s launch, Ripple reported it is bringing on Luiz Antonio Sacco as managing director to drive strategy… Read More

Frente Corretora de Câmbio Wants to Become the Transferwise of Brazil by Using Ripple

Frente Corretora de Câmbio, a Brazilian money transfer and remittance platform, wants to become the “Transferwise of Brazi” by leveraging Ripple to provide low-cost transfers. According to a report in Exame, Frente is the 15th largest currency brokerage in the country. Frente wants to be in… Read More

REITBZ Tokenized Real Estate Investment Offer by BTG Pactual Closes Tomorrow (May 24)

REITBZ, a security token offering (STO) backed by real estate in South America, is scheduled to close tomorrow (May 24). The STO is the creation of BTG Pactual, the largest private investment bank in South America with This is the first security token backed by… Read More

Brazilian Fintech Nubank Announces Launch in Mexico

Nubank, a Brazil-based fintech startup, announced on Wednesday its arrival in Mexico through a new subsidiary company called “Nu.” Nubank reported that this is the first time  that it will offer products outside of Brazil. The fintech’s goal is to challenge the complexity of the… Read More

Brazilian Marketplace FinanZero Secures $11 Million Through Series B Funding Round

FinanZero, a marketplace for consumer loans in Brazil, announced on Thursday it secured $11 million through its Series B funding round. Participants of the round were Atlant Fonder, Dunross & Co, and Vostok Emerging Finance. As previously reported, FinanZero describes itself as an independent broker… Read More

Brazil’s CoinBene Announces Integration of Dash on Cryptocurrency Exchange Platform

CoinBene, a Brazil-based cryptocurrency exchange, announced last week it is set to integrate Dash onto its platform. Founded in 2017, CoinBene claims to be the world’s leading trustworthy crypto assets platform and has users from more than 200 countries worldwide. Speaking about the integration, the Dash… Read More

N26 Set to Open New Office in Brazil

Germany-based challenger bank N26 is reportedly set to open a new office in Brazil at the beginning of March. The news comes less than two months after N26 secured $300 million through its Series D funding round, which was led by venture capital and private equity firm Insight… Read More

Banco BTG Pactual is Issuing a Security Token for Real Estate Assets

Banco BTG Pactual, an investment bank based in Sao Paolo, Brazil, is going crypto. More specifically, the bank is issuing a security token based on real estate assets. BTG Pactual is no small operation. In fact, total assets are pegged at over R$270 billion (USD $70+… Read More

Following Account Closures, Brazilian Crypto Exchange Accuses Brandesco Bank of Anti-Competitive Practices

Brazilian cryptocurrency exchange Bitblue has received a notice from Bradesco bank stating that the bank will close all Bitblue-associated accounts on February 26th, Portal do Bitcoin reports. Bitblue, for its part, with the assistance of The Brazilian Association of Crypto and Blockchain (ABCB), has asked the… Read More

Accion Venture Lab Funds Brazilian Digital Bank Jeitto

Digital challenger bank Jeitto has that it has closed on a new funding round led by Accion Venture Lab, a seed-stage investment initiative of global nonprofit Accion. The amount of funding was not disclosed. Accion was described as a strategic investor with “extensive global investment… Read More

Brazilian Bitcambio Crypto Exchange Accidentally Sends $35 Million to Customer Withdrawing $129

After making a fairly routine request on the 10th of November to withdraw 500 reals ($129 USD) from his cryptocurrency exchange account at Bitcambio, Kaique Nunes wondered why the exchange was making so many repeated attempts to contact him. “Earlier last month, I issued some… Read More

Huobi Crypto Exchange Lays Off Workers at Brazil Shop

The world’s 3rd largest cryptocurrency exchange by trading volume, Huobi, has laid off 6 of 10 workers at its location in Brazil, Portal do Bitcoin reports. The layoffs, though not the exact number, were confirmed by Huobi’s local CEO in Brazil, Frank Tao. Huobi, which… Read More

The Oracle of Omaha: Warren Buffet Gives Fintech Some Love

Warren Buffet’s Berkshire Hathaway has moved into Fintech. Long a lover of more boring investments like insurance and rusty metal businesses, Berkshire has recently invested in two different Fintech firms. First, Berkshire backed Brazil based payments tech firm StoneCo. with a mere $300 million. StoneCo…. Read More

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