Tagged: brazil

May 27, 2021 @ 10:24 am By Samantha Hurst  |  

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

May 20, 2021 @ 12:27 am By Omar Faridi  |  

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

May 12, 2021 @ 4:52 pm By Samantha Hurst  |  

  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

May 11, 2021 @ 1:05 pm By Samantha Hurst  |  

  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

May 8, 2021 @ 4:47 pm By Omar Faridi  |  

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

May 1, 2021 @ 9:25 am By Omar Faridi  |  

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

April 9, 2021 @ 6:55 pm By Omar Faridi  |  

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

April 6, 2021 @ 11:31 am By Samantha Hurst  |  

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

April 5, 2021 @ 4:11 pm By Samantha Hurst  |  

    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

April 1, 2021 @ 7:37 pm By Omar Faridi  |  

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

March 25, 2021 @ 7:05 am By Omar Faridi  |  

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

March 22, 2021 @ 10:55 pm By Omar Faridi  |  

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

March 5, 2021 @ 11:33 am By JD Alois  |  

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

March 2, 2021 @ 7:46 am By Omar Faridi  |  

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

February 24, 2021 @ 9:46 pm By Omar Faridi  |  

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

February 24, 2021 @ 8:09 am By Samantha Hurst  |  

  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

February 5, 2021 @ 9:43 pm By Samantha Hurst  |  

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

January 28, 2021 @ 9:25 am By Samantha Hurst  |  

  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

January 26, 2021 @ 11:17 pm By Omar Faridi  |  

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

January 19, 2021 @ 9:52 am By Samantha Hurst  |  

  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