Tagged: latam

May 7, 2023 @ 4:20 pm By Omar Faridi  |  

Nu México, a digital finance company, announces the launch of Cuenta Nu to the entire Mexican market, starting May 4, 2023. Cuenta Nu reportedly “offers its clients 24/7 liquidity and one of the most competitive yield rates on the market, 9% per year, without the… Read More

May 6, 2023 @ 10:17 am By Omar Faridi  |  

Liquido, the “next generation” payments company for Latin America, emerged from stealth today to launch publicly. The company reportedly “spent the last two years building a comprehensive and flexible payments infrastructure to modernize and democratize digital payments access for Latin American businesses, similar to what… Read More

May 2, 2023 @ 9:52 am By Omar Faridi  |  

Revolut has reportedly made its initial entry into Latin America with a launch in Brazil. Revolut‘s global account will provide local consumers with foreign exchange and remittance capabilities in 27 different currencies, along with having a payment card that is accepted in over 150 nations…. Read More

April 29, 2023 @ 12:17 pm By Omar Faridi  |  

Clara, the “end-to-end” spend management solution for companies in Latin America, today announced that it has closed $60M USD ​ in an equity financing round “led by GGV Capital.” In addition, GGV Managing Partner Hans Tung will “join the company’s Board of Directors.” The additional… Read More

April 28, 2023 @ 3:30 pm By Omar Faridi  |  

InvestCloud, the global firm focused on digital transformation for the financial industry with over $6 trillion in assets, has been selected by BUNKER, a US-based fintech seeking to democratize access to the US markets for Latin Americans, “to help launch a pioneering mobile-first digital investment… Read More

April 28, 2023 @ 8:29 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, reportedly reached the milestone of 80 million customers in Latin America “in the first week of April 2023, where it maintains operations in Brazil, Mexico and Colombia.”… Read More

April 27, 2023 @ 12:35 pm By Omar Faridi  |  

Strike, which claims to be one of the world’s leading digital payments platforms built on Bitcoin’s Lightning Network, announced the expansion of “Send Globally” to Guatemala, bringing its cross-border payment service to Latin America. In 2022, Latin America and the Caribbean “received more than $140… Read More

April 26, 2023 @ 8:34 am By Omar Faridi  |  

IXOPAY, an independent payment orchestration provider, and EBANX, a Fintech company that specializes in international payments in rising markets, have announced a partnership. Together the partners will “focus on providing access to local payment solutions for global brands and offering local payment methods to consumers,… Read More

April 25, 2023 @ 8:22 pm By Omar Faridi  |  

Bolton Global Capital, an independent wealth management firm, and iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced a partnership “to provide Bolton’s extensive network of financial advisors with a range of private market offerings and resources.” Bolton… Read More

April 24, 2023 @ 6:47 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, announces NuPay – which is described as “the exclusive online payment service for Nubank customers – as the newest payment method on iFood, a Brazilian technology company.” As of… Read More

April 13, 2023 @ 7:20 pm By Omar Faridi  |  

SMBs based in Latin America have received another boost in lending services with the recent $4 million investment in Kala, a Colombia-headquartered firm creating Fintech infrastructure for enabling more efficient lending. The firm, which has been co-founded by Manuel Alemán, Rodolfo Lazo and Pablo Cattólica… Read More

April 10, 2023 @ 4:35 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s largest digital financial services platforms, launched the campaign” “Those who have Nubank have more security and less concerns.” The action aims “to highlight the company’s security features, high technology, and data protection tools offered to more than 70… Read More

April 10, 2023 @ 8:28 am By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, is solidifying its money transfer services to Latin America by “enabling U.S. customers to send money to Latin America quickly, securely and for a low fee through transfers to bank accounts.” Since launching transfers to bank accounts… Read More

April 3, 2023 @ 6:42 am By Omar Faridi  |  

In yet another initiative with the aim of taking care of our planet, C6 Bank launched the Carbon Extract, being the “first” bank in Brazil to launch a tool of this type in its application. In this new bank tool, it is possible “to calculate… Read More

March 30, 2023 @ 12:36 pm By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, surpassed more than $3.3 billion in transactions between the United States and Mexico in 2022 through its Crypto 4 Business service, “mainly used by remittance and payment processors.” This volume is triple the amount “processed by… Read More

March 28, 2023 @ 11:33 am By Omar Faridi  |  

Nubank (NYSE: NU) reveals that it has supported the financial inclusion of 5.7 million Brazilians in the credit card market in one year, according to a study released by Data Nubank – the company’s research and analysis platform on finances. The survey analyzed “the spending… Read More

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