Tagged: latam

March 24, 2023 @ 11:07 am By Omar Faridi  |  

On a mission to “revolutionize” the way companies collect payments in Latin America, Toku, the platform optimizing collections for subscription companies, announced that it has raised USD $7 million. The investment round was “led by North American venture capital firm F-Prime Capital, accompanied by Wollef,… Read More

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

March 11, 2023 @ 5:20 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, has announced the launch of Binance Card in Colombia. One of Binance‘s top markets boasting high levels of crypto adoption, Colombia becomes the third country in Latin America “to support the product,… Read More

March 7, 2023 @ 5:07 pm By Omar Faridi  |  

Six months after its pre-seed, B2B payments platform Barte has raised a $3m seed round, bringing total funding to date to over $4 million. The Brazilian fintech will use the money raised from the investment round “to establish itself as the premium B2B payments platform… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

March 5, 2023 @ 9:26 pm By Omar Faridi  |  

Nubank, one of the largest digital financial services platforms in the world, announces the launch of Nucoin, “a free-of-charge native crypto token that rewards users’ engagement through a loyalty program.” First announced in late 2022, the novelty was “developed through a decentralized creation process, gathering… Read More

February 27, 2023 @ 12:02 pm By JD Alois  |  

Trade finance platform Marco says it has raised $200 million in a line of credit from MidCap Financial and Castlelake.  At the same time, Marco says it has raised $8.2 million in equity from Arcadia Funds. Marco states that the capital will help it to… Read More

February 23, 2023 @ 12:29 pm By Omar Faridi  |  

FinanZero, the online credit marketplace in Brazil, announces that it has reached 40 million loan applications made through its platform to date. FinanZero was “founded in São Paulo in 2016 by Swedish entrepreneurs Olle Widén and Kristian Jacobsson together with Swedish-Brazilian investment firm Webrock Ventures.”… Read More

February 18, 2023 @ 3:53 pm By Omar Faridi  |  

EBANX, a fintech company that specializes in international payments in rising markets, has been authorized by the Central Bank of Brazil (Bacen) “to offer a payment initiator service through Pix.” The PISP (Payment Initiation Service Provider) license “expands the range of services the global payments… Read More

February 17, 2023 @ 4:17 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

February 12, 2023 @ 8:47 pm By Omar Faridi  |  

Nu Colombia, Nubank’s (NYSE: NU) subsidiary in the country, announces that Catalina Breton, who has served as General Manager for the past 4 years, will be “stepping down from her role in the upcoming weeks to focus on personal projects.” Breton will be working “with… Read More

February 10, 2023 @ 8:38 am By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, has released the regulatory principles that “guide its operations and its strategic decisions in adherence with the highest industry standards.” At a time when the crypto industry is facing unparalleled doubt and scrutiny due to both… Read More

February 6, 2023 @ 10:32 pm By JD Alois  |  

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the… Read More

January 31, 2023 @ 1:48 pm By Omar Faridi  |  

Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”… Read More

January 25, 2023 @ 10:37 pm By Omar Faridi  |  

Young Brazilians already “demonstrate mastery of basic concepts of financial education and how to spend money thinking about the future,” according to an update shared by C6 Bank. The most recent survey by C6 Bank/Datafolha indicated, for example, “that 50% of boys and girls aged… Read More

January 25, 2023 @ 8:17 pm By Omar Faridi  |  

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

January 19, 2023 @ 11:07 am By Omar Faridi  |  

Dock, an innovator in financial technology infrastructure across Latin America, has launched Dock One, an integrated cloud-based platform for banking and payments that “allows companies to easily scale business operations anywhere in the world by offering financial services enablement to their customers.” The innovative platform… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

January 14, 2023 @ 6:31 pm By Omar Faridi  |  

EBANX, a payments fintech helping global companies grow in Latin America and other world regions, announced the appointment of Fabio Scopeta as its new Chief Product & Technology Officer (CPTO), “to lead EBANX’s Product and Technology divisions globally.” With more than 25 years of experience,… Read More