Tagged: latam

ABC Fund Provides $3M to Microfinance Lending Initiatives in Colombia

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The Agri-Business Capital Fund (ABC Fund) recently revealed that it has finalized $3 million loan to Colombia-headquartered Finamiga, which mainly focuses on lending to small farmers as well as independent workers. As mentioned in the update, the lending brings the Fund’s total number of investments… Read More

Digital Banking: C6 Bank Clients May Now Add Payment Cards to Samsung Pay

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C6 Bank clients are now able to use Samsung Pay in order to make purchases “without the physical card.” C6 Bank customers can now “register their C6, C6 Platinum, C6 Carbon and C6 Business cards in Samsung Pay.” Samsung’s service “allows users to make contactless… Read More

Payments Fintech Gr4vy Simplifies Global Expansion for Merchants with Key Payment Partnerships

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Gr4vy, a Cloud-native payments company, recently announced new partnerships with Boku and EBANX to quickly give merchants access to local payment methods “in new geographies.” These partnerships will fuel international growth and revenue “while reducing risk, resource burden and the overall total cost of ownership.”… Read More

Citi and EBANX to Expand Digital Commerce Payments Offering for Bank’s Institutional Clients

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Citi’s Treasury and Trade Solutions (TTS) have announced that they are entering into an agreement with international payment processor EBANX in order to offer an end-to-end digital collection solution (eCommerce) “for Citi’s institutional clients in Latin America.” Citi’s clients will be able “to accept more… Read More

Treinta Raises Supersized Series A in Latin America Backed by PayU

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Treinta, a super-app that aims to provide SMEs with a range of services supporting these firms across the Latam region, has raised a large $46 million Series A funding. According to the company’s website, in Latin America there are more than 50 million microenterprises, of… Read More

SoftBank Group Corporation’s LatAm Fund Managers Shu Nyatta, Paulo Passoni Announce their Departure

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SoftBank Group Corp.’s Shu Nyatta and Paulo Passoni, two of the managing partners at the SoftBank Group Corp.’s Latin America Fund, recently revealed that they’re leaving to launch their own venture business, which will mainly focus on late-stage startups in the area. As reported by… Read More

NanoPay Aliada Digital Card, a Fintech Product for Women, Introduced in Mexico

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In addition to financial services, the Aliada Digital Card offers a range of free “basic” assistance, such as a 24-hour online doctor, ambulance service, unlimited online counseling with a psychologist, legal advice and “one-click concierge services,” as well as “all the benefits offered by the… Read More

Fintech EBANX Partners with VTEX to Support Cross-border Payments in Latin America

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EBANX, a payments Fintech with an international presence, and VTEX, a digital commerce platform for large firms and retailers, has announced a partnership aimed at “broadening cross-border payments for Brazilian e-commerce companies in Latin America.” Via this collaboration, Brazilian firms will be able to enjoy… Read More

Fintech RITMO Finalizes $200M Debt Funding Round

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Fintech firm RITMO has finalized a $200 million debt funding round, which was led by i80 Group and Avellinia Capital, making it one of the largest rounds of any digital commerce finance business in Europe and Latin America. The debt financing was reportedly offered by… Read More

LatAm Fintech PayRetailers Acquires Chile’s Paygol, Colombia’s Pago Digital

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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

Colombian Fintech Leal Closes $10M Series A, Rakuten Group, IDC Ventures Lead

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Colombian-based consumer and fintech company Leal has raised a $10 million Series A round co-led by Rakuten Group (through its investment arm Rakuten Capital) and IDC Ventures. This will enable the company to launch its co-branded credit card and scale its operation in Mexico. Latin American consumers lack access to… Read More

DriveWealth Teams Up with Sproutfi to Make Investing in US Markets More Accessible in LatAm

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DriveWealth, LLC, a pioneer in fractional investing and embedded finance, and Sproutfi, a “social-first” investment platform which provides securities via its affiliate Northbound Securities LLC, has announced a partnership in order to expand “affordable access to investing in the U.S. markets to everyone in Latin… Read More

Coinbase Poised to Purchase 2TM, Parent of Brazilian Crypto Exchange Mercado Bitcoin: Report

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According to multiple reports, Coinbase (NASDAQ:COIN) is poised to purchase the Brazil-based 2TM parent company of  Mercado Bitcoin (Bitcoin Market). Expectations are for an announcement soon in April. This past December, Mercado Bitcoin raised $50.2 million in Series A funding that was part of a larger… Read More

QOALA, a Browser Extension and Mobile App Rewarding Users for Online Shopping, Secures €391,365 via Crowdcube

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QOALA, a “free” browser extension and mobile app that “automatically rewards users while shopping online” with the aim to help digital commerce sites to improve their conversion rates, has acquired 78% (€391,365) of its €500,000 target via Crowdcube (at the time of writing) with 29… Read More

Colombian Fintech Plurall Acquires Funding to Support Entrepreneurs in Latin America

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Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing, marking a key milestone for entrepreneurship in the region. Supported by well-known investors… Read More

Gaming Fintech ZEBEDEE Integrates with Bipa, a Bitcoin Lightning Exchange Service for Brazilian Markets

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Gaming Fintech ZEBEDEE recently announced a new integration with Bipa, a Bitcoin Lightning exchange service for the Brazilian markets. The integration makes converting Bitcoin earned in games into Brazilian reals and moving it into a Brazilian bank account “literally a matter of seconds.” It is… Read More

Stellar, MoneyGram and Techstars Announce Partnership to Support Innovation in Payments, Blockchain in Latam

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Stellar Development Foundation, MoneyGram International, Inc. (NASDAQ: MGI), and Techstars, have announced a partnership to recruit founders globally who are focused on tech innovation in areas such as blockchain and digital payments to further streamline cross-border payments and support financial inclusion. The partnership builds on the… Read More

LatAm Fintech EBANX Announces Expansion of Teams led by President Paula Bellizia

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EBANX, a payments Fintech with an international presence, has introduced a brand new positioning and design. Created in “celebration” of its 10-year anniversary in February, the latest branding “marks the expansion of the company’s global teams located in regions such as Asia, Europe, and the… Read More

Paysend Enhances Real-Time Money Transfer Services for US Clients

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Paysend, the card-to-card pioneer and international payments platform, announced that its U.S. customers may send funds “directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S.” Recipients will generally see… Read More

99minutos, an E-Commerce Logistics Provider, Welcomes $82M Round

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99minutos, a provider of logistics services for e-commerce vendors across Latin America, today announced a $82 million funding round led by OAK HC/FT, with participation from existing investors Kaszek and Prosus Ventures. Since its last funding round in May 2021, 99minutos’ operation and business have… Read More

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