Tagged: brazil

July 30, 2019 @ 10:52 am By Samantha Hurst  |  

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

July 19, 2019 @ 1:56 pm By Samantha Hurst  |  

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

July 12, 2019 @ 11:47 am By JD Alois  |  

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

July 10, 2019 @ 3:32 pm By Samantha Hurst  |  

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

July 7, 2019 @ 10:21 pm By Samantha Hurst  |  

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

June 11, 2019 @ 10:03 am By Samantha Hurst  |  

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

June 2, 2019 @ 2:46 pm By JD Alois  |  

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

May 23, 2019 @ 10:21 am By JD Alois  |  

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

May 8, 2019 @ 8:33 am By Samantha Hurst  |  

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

April 25, 2019 @ 2:34 pm By Samantha Hurst  |  

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

March 3, 2019 @ 9:43 pm By Samantha Hurst  |  

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

February 27, 2019 @ 2:37 pm By Samantha Hurst  |  

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

February 25, 2019 @ 3:31 pm By JD Alois  |  

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

February 17, 2019 @ 5:03 pm By Cali Haan  |  

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

January 29, 2019 @ 5:26 pm By JD Alois  |  

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

December 9, 2018 @ 10:33 am By Cali Haan  |  

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

November 16, 2018 @ 8:49 am By Cali Haan  |  

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

October 31, 2018 @ 11:05 am By JD Alois  |  

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

October 31, 2018 @ 10:11 am By Cali Haan  |  

Banco do Brasil and Banco Santander have been ordered by a Federal District and Territorial Court (TJDFT) judge in Brazil to restore banking services to the Bitcoin Max cryptocurrency exchange- or pay fines, Portal do Bitcoin reports. According to Bitcoin Max lawyer Leonardo Ranna, all bank… Read More

October 22, 2018 @ 3:32 pm By Cali Haan  |  

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by volume and registered customers fired “at least” 20 employees at the start of last week, Portal do Bitcoin reports. Four employees spoke to the publication on the condition of anonymity. They said executives were fired on Monday, and… Read More