Tagged: latam

October 19, 2022 @ 5:04 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has updated its coverage across Latin America, “expanding access to the Dominican Republic and Uruguay and significantly strengthening data sources in Colombia and Mexico.” Those additions “bolster the company’s ability to serve customers streamlining operations in Latin America or… Read More

October 19, 2022 @ 8:55 am By JD Alois  |  

Nubank (NYSE: NU) has announced the creation of its own cryptocurrency Nucoin. The digital asset is leveraging the Polygon blockchain network. Nubank claims the title of one of the largest financial services companies in the world. Last month, it reported that it had topped 70… Read More

October 17, 2022 @ 3:18 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, announces that it is “launching its unified commerce solution in Mexico.” Bolstered by the company’s recently enabled full acquiring capabilities in the country, Adyen can now “maintain end-to-end control of the payment… Read More

October 17, 2022 @ 12:19 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that the purchase of airline tickets has always been one of the main destinations given to the points accumulated by customers registered in bank and credit card loyalty programs. But other ways of using these miles are “starting to become popular.”… Read More

October 12, 2022 @ 4:49 pm By JD Alois  |  

QED Investors is one of the most prolific venture capital firms focusing on Fintech in the world. With more than one hundred portfolio companies and over a dozen exits, QED has touched almost all sectors of Fintech. Big Fintech names have received the backing of… Read More

October 8, 2022 @ 10:05 am By Omar Faridi  |  

Via, a global payroll platform that helps hire and pay workers anywhere in the world in compliance with all local legal regulations, announced that it has opted for Bitso, the cryptocurrency platform in Latin America, to streamline international payments for workers using the power of… Read More

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

September 28, 2022 @ 9:28 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments and financial messaging, announced that ACH Colombia, a financial technology company, “has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and ecommerce platforms… Read More

September 27, 2022 @ 12:24 pm By Omar Faridi  |  

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

September 22, 2022 @ 3:23 pm By Omar Faridi  |  

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

September 22, 2022 @ 1:42 am By Omar Faridi  |  

Persona announced it has partnered with Serpro, the federal government technology company of Brazil. As part of the partnership, Persona has “integrated with Serpro to unlock the ability to validate both PII and biometric information against government data sources.” The joint initiative will enable organizations… Read More

September 21, 2022 @ 3:46 pm By JD Alois  |  

Bitso, a Latin American crypto exchange reporting 5 million users, has distributed an email stating that Latam users can use crypto to counter the impact of inflation. Bitso reported that according to a study, the reasons for adopting cryptocurrencies are increasingly varied. The study highlights… Read More

September 19, 2022 @ 11:00 pm By Omar Faridi  |  

Reltime AS, which claims to be “disruptive” global Web3 and Metaverse financial technology company, and Triskel Capital Ltd. have entered into a long-term strategic partnership “to change the way people and businesses in Latin America financially interact and transact.” Together with Reltime as its “next-generation”… Read More

September 18, 2022 @ 9:42 am By Omar Faridi  |  

After reaching the milestone of 20 million accounts opened, Brazil’s C6 Bank has introduced  an “exclusive” service aimed at the high-income segment. Called Carbon, the new service is free of charge and has a new proposal at the bank: the Carbon Partner, a specialized executive… Read More

September 15, 2022 @ 9:12 am By JD Alois  |  

PayU has received regulatory approval to acquire Tecnipagos S.A., doing business as Ding, a company providing electronic payments and deposits in Colombia. PayU is the payments operation of Prosus. In a corporate statement, PayU noted that it is present in more than 50 markets around… Read More

September 6, 2022 @ 3:10 pm By JD Alois  |  

Inswitch has partnered with Binance Pay to “improve their fintech solutions and offer Binance Pay to all merchants in Latin America.” Inswitch is an embedded Fintech platform aiming to help financial services provides to quickly provide digital offeerings. Binance Pay, part of Binance, is crypto… Read More

September 6, 2022 @ 9:23 am By JD Alois  |  

Credix, a Brazilian Fintech, has raised $11.25 million in Series A funding, according to a corporate statement. The Credix funding round was led by Motive Partners’ Early Stage fund and ParaFi Capital. Other investors include Valor Capital Group, Victory Park Capital, MGG Investment Group, Circle… Read More

September 2, 2022 @ 11:58 am By Omar Faridi  |  

C6 Bank is offering special conditions for the purchase of airline tickets “with Atoms points through the bank’s application.” Between the 24th and 26th of August, the bank’s customers had been able to purchase national and international flights “at different prices through C6 Travel, an… Read More

August 30, 2022 @ 4:14 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the top academic group studying Fintech, has published a report on digital finance in Latin America and its impact on SMEs’ access to capital. The SME Access to Digital Finance Study: A Deep Dive into the Latin America… Read More

August 25, 2022 @ 8:43 am By Omar Faridi  |  

Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More