World ID Credentials are now reportedly being piloted in select countries including Chile, Colombia, Malaysia and South Korea. This secure and “anonymous” World ID feature increases global access to World Network and paves the way for “increased World ID utility.” It also enables consumers to… Read More
Chilean Paytech startup Koywe has announced the acquisition of Facto, a move that will expand its presence in the US. The acquisition also comes 15 months after Koywe raised $2.5 million in a Seed funding round in January 2023. The terms of the acquisition were… Read More
LarrainVial, one of the largest financial services groups in Chile, has acquired a 25% ownership stake in Aubrey Capital Management. The investment is part of a strategic partnership between the two firms. Aubrey, based in Edinburg and London, is a specialist boutique manager primarily focused… Read More
Andean Wide —an international payments technology platform— announced that it has chosen Bitso Business —the Bitso B2B segment supporting the technology of cross-border payments— as its infrastructure solutions provider “to apply blockchain technology and expand its cross-border offerings with greater efficiency.” Andean Wide is a… Read More
Over 200,000 consumers have reportedly verified their World ID in Chile as demand for the privacy-preserving digital identity protocol continues to grow following the Worldcoin project launch in July. In a country with approximately 19.5M residents, that’s “over 1% of the population.” In order to… Read More
Startups in Latin America are reportedly laying off staff members and are now expecting significantly more initial public offerings (IPOs) by 2024. According to reports, around two-thirds or roughly 67% of Latin American firms have now laid off staff members during the past 18 months,… Read More
Dock, a B2B technology company for payments and banking, announced that Tenpo, Chile’s largest digital bank with more than 2.2 million customers, is now “a customer of the Brazilian company.” Dock’s expertise and infrastructure is “behind the issuing and processing technology that Tenpo is using… Read More
Bitfinex, a digital asset trading platform, has announced a new investment in the leading Chilean crypto firm Orionx, as both companies look “to ramp up efforts to promote financial freedom and inclusion throughout Latin America.” Paolo Ardoino, CTO at Bitfinex, said: “We’re excited to collaborate… Read More
PayRetailers, the LatAm Fintech payment specialist, has announced the acquisition of two online payments platforms, Chile’s Paygol and Colombia’s Pago Digital. The two acquisitions “strengthen PayRetailers’ breadth and depth as the company moves to realise the potential of e-commerce payments across Latin America.” Paygol and… Read More
Mercado Libre, a tech company and one of the largest digital commerce firms in Latin America, confirms the acquisition of Redelcom, a Chilean firm that has been operating since 2010 as a payment services provider and in October 2019 started providing point-of-sale (POS) terminals with… Read More
Fintual, a “General Fund Administrator” regulated in Chile by the Commission for the Financial Market, has raised $15 million in a funding round led by KaszekVentures. As quoted in TechCrunch, Pedro Pineda, co-founder and CEO of Fintual, said in creating his company he wanted to… Read More
EVO Payments, Inc. (NASDAQ: EVOP), a multinational provider of payment tech integrations and acquiring solutions, recently revealed that it has entered into an agreement to acquire Pago Fácil, a digital commerce payment platform in Chile. The deal will be carried out in partnership with its… Read More
Chile-based Insurtech startup Betterfly extended its Series A funding round adding $9 million to a total of $17.5 million. In July, Betterfly announced it had raised $8.5 million. Once again, QED Investors led the round. A Public Benefit Corporation and certified B-Corp. that is 100%… Read More
LocalBitcoins, a global peer to peer (P2P) Bitcoin exchange, notes that its platform allows users to invest in BTC which is notably one of the best-performing assets of 2020. The LocalBitcoins team confirms in a blog post: “According to our data, our main markets are… Read More
The Chilean securities regulator, the Comision Para El Mercado Financiero (CMF), has posted draft regulations for Fintech including investment crowdfunding rules. The objective is to provide a regulatory framework for online capital formation. The CMF believes that a proportional, tech-neutral, framework will promote innovation in… Read More
Chile’s Ministry of Finance recently revealed that it aims to streamline the development of its regulatory framework for Fintech and Open Banking. Chile’s government will reportedly be working on a legal proposal for standardizing Open Banking. This should help with promoting competition and innovation in… Read More
Softbank Group-backed Greensill Capital, a London based provider of capital finance for businesses and people globally, will reportedly be acquiring Colombia’s Omni Latam in order to accelerate the growth and adoption of innovative financial tech solutions in Latin America. The amount that will be paid… Read More
Increasing financial inclusion is a high-priority goal of many countries because it has a widespread positive impact. Studies show that expanding financial inclusion enables seven of the 17 Sustainable Development Goals, with more financial stability leading to improved social conditions, community development, and economic growth…. Read More
On October 19, 2019, Chile’s capital city of Santiago was in flames. What started as a student movement to evade subway fares has since launched into a widespread movement against socioeconomic inequality that has swept, and in some cases paralyzed, the country for well over… Read More
dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday Amazon has gone live with the dLocal local payments acceptance services in Chile. dLocal claims that the solution enables some of the world’s most innovative companies… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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