Tagged: latam

November 21, 2023 @ 2:27 pm By Omar Faridi  |  

On Sunday November 19, 2023, Argentina elected its next president, Javier Milei, which briefly caused “a noticeable surge in the price of Bitcoin and underscores the direct impact of political shifts on the crypto ecosystem.” Milei is a libertarian who aims to upend the economic… Read More

November 14, 2023 @ 9:09 pm By Omar Faridi  |  

Bitso —the financial services company powered by crypto in Latin America— announced the launch of its new eFX with Crypto service, which allows companies “to carry out immediate international transactions, in a regulated manner, with greater savings and security and without the need of a… Read More

November 14, 2023 @ 9:07 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms in the world, announces the launch of a metrics panel, also known as a block explorer, for Nucoin. The focus is to provide transparency “to the information related to the digital… Read More

November 10, 2023 @ 4:24 pm By Omar Faridi  |  

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

November 7, 2023 @ 9:43 am By Omar Faridi  |  

CBInsights has released the State of Venture in LatAm Report for Q3 2023. The comprehensive report from CBInsights includes data and analysis on dealmaking, funding, and exits by private market venture companies in Latin America. According to the update, there has been a 101% jump… Read More

November 3, 2023 @ 2:35 pm By Omar Faridi  |  

QI Tech, the Direct Credit Company (SCD) approved by the Brazilian Central Bank, today announced an investment of US$200 million (R$1 billion) in a Series B round “led by General Atlantic, a global investor, with participation from existing investor Across Capital, which is doubling its… Read More

October 31, 2023 @ 1:57 pm By Omar Faridi  |  

Nubank (NYSE:NU) has surpassed 90 million customers in Latin America in its operations in Brazil, Colombia, and Mexico, consolidating its position as one of the fastest-growing financial services companies in the world. David Vélez, Nubank’s founder and CEO, at an event for the press and… Read More

October 27, 2023 @ 4:44 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms were not disclosed. Founded in Mexico City in 2012, MNEMO Mexico “has 229 cybersecurity professionals and 180 cybersecurity industry certifications with key ecosystem partners.” The company’s portfolio… Read More

October 24, 2023 @ 5:33 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, announces a new curation of exclusive benefits for its Ultravioleta customers. In addition to the black credit card offering 1% cashback, users will have access to constantly evolving solutions, “focused… Read More

October 19, 2023 @ 9:59 pm By Omar Faridi  |  

Nubank (NYSE:NU) is starting to test this week a new solution that applies generative artificial intelligence as a virtual assistant to further enhance customer service. In this initial stage, the AI solution will “focus on presenting personalized possibilities related to credit granting within the Nubank… Read More

October 18, 2023 @ 2:40 pm By JD Alois  |  

Banco de Credito (BCP) in Peru has selected i2c for its digital banking services, according to a company statement. BCP is supported by Credicorp Ltd. (NYSE: BAP), the primary financial holding company in Peru. The bank has a presence in Chile, Colombia and Bolivia. i2c… Read More

October 16, 2023 @ 11:23 pm By Omar Faridi  |  

Latin America has the seventh-largest crypto economy of all regions Chainalysis studies. it is not far behind MENA, Eastern Asia, and Eastern Europe. Its position compared to other regions has “held relatively steady over the last two years.” Latin America shows the highest preference “for… Read More

October 13, 2023 @ 1:59 pm By Omar Faridi  |  

To give even more visibility to security and empower people to identify possible financial scams, Nubank (NYSE:NU) announces the campaign #PareceMasNãoÉoNubank (it looks like Nubank, but it isn’t). Through educational videos on major digital platforms, the company seeks to alert its customers to everyday situations… Read More

October 12, 2023 @ 11:29 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global leader in payments and financial technology, announces the acquisition of Skytef, primary distributor of Software Express’s SiTef (Solução Inteligente de Transferência Eletrônica de Fundos), from Fiserv, the leading Electronic Funds Transfer solution in Brazil. Through the acquisition Fiserv strengthens… Read More

October 11, 2023 @ 10:37 am By Omar Faridi  |  

Kushki, the payments technology company that connects Latin America through payments, is announcing that it has become the first next-generation merchant acquirer in the region. This includes primary membership with Visa and Mastercard in Mexico, Chile, Peru and Colombia through “a partnership, all delivered through… Read More

October 8, 2023 @ 6:19 pm By Omar Faridi  |  

In a key move in the Brazilian investment market, Nubank (NYSE:NU) announces the launch of the first ETF (exchange-traded fund) in Brazil that pays monthly dividends to shareholders: Nu Renda Ibov Smart Dividendos (NDIV11). The new product results from “a partnership between Nubank’s investment fund… Read More

October 2, 2023 @ 11:35 am By Omar Faridi  |  

Clara, the Latin American solution for businesses to make and manage all their payments, has announced the appointment of Cristian Raygoza as its new Head of Startups, Venture Capital & Private Equity. This strategic move reinforces Clara‘s commitment “to fostering innovation and expanding its reach… Read More

October 2, 2023 @ 10:05 am By Omar Faridi  |  

Mexican Fintech albo has reportedly secured $40 million in capital via a Series C round in order to enhance its payments services. albo’s investment round included participation from Nazca, Morpheus Ventures, and Valar Ventures. In addition to the raise, the Fintech company said it will… Read More

October 1, 2023 @ 5:13 pm By Omar Faridi  |  

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

September 29, 2023 @ 8:03 am By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms, announces NuFuturo, an ecosystem developed in partnership with Federal Universities in Brazil to accelerate careers in technology and foster innovation. The initiative encourages the development of research “related to the fields… Read More