Tagged: brazil

August 31, 2021 @ 3:00 pm By Tony Zerucha  |  

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

August 25, 2021 @ 2:29 pm By Tony Zerucha  |  

Open Banking Excellence (OBE) is opening a center in Brazil to help promote the concept in that country. The launch of OBE Brazil is set for 2 p.m. local time Sept. 1 and features a live session with debates and discussions by experts in the… Read More

August 19, 2021 @ 6:21 pm By Tony Zerucha  |  

July proved to be a turbulent month for cryptocurrencies in Latin America, the authors of a research note from Blockchain Intelligence Group discovered. While Mexico at one point looked poised to regulate crypto, they instead went in the opposite direction by banning its use by… Read More

August 3, 2021 @ 6:20 pm By Omar Faridi  |  

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

July 1, 2021 @ 11:28 am By Tony Zerucha  |  

Latin American cryptocurrency exchange Mercado Bitcoin today completed a $200 million Series B raise from the SoftBank Latin America Fund, Mercado Bitcoin parent company 2TM Group announced. 2TM Group now has a $2.1 billion valuation. The funds are earmarked for product and technology development along with… Read More

June 23, 2021 @ 11:09 am By JD Alois  |  

Solfácil, a solar Fintech based in Brazil, has raised a $30 million Series B funding round led by top Fintech VC QED Investors. According to a note from Solfácil, the round is the largest venture capital injection in the distributed solar sector in Brazil.  Existing… Read More

June 21, 2021 @ 5:22 pm By JD Alois  |  

Brazil-based digital bank Nubank is said to be in the early stages of pursuing an initial public offering (IPO) in the US. Earlier this month, it was reported that Nubank had acquired $750 million in capital as part of two extensions of its latest Series… Read More

June 18, 2021 @ 4:30 pm By Gustavo Ruiz  |  

With the growing knowledge and adoption of digital banking, many consumers are still learning about the capabilities of contactless payments due to new perceptions of value, security, and availability, creating an ongoing challenge for merchants. Consumers are seeking out simplicity and instantaneous opportunities more than… Read More

June 18, 2021 @ 2:22 pm By Omar Faridi  |  

Brazil-based EBANX, a cross-border commerce platform, recently acquired $400 million in capital from Advent International and another $30 million commitment. The company is now planning an initial public offering (IPO) in the US. Advent has reportedly made strategic investments in Vantiv, Worldpay, Nets, Nexi, Planet,… Read More

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