Tagged: latam

December 26, 2022 @ 8:07 pm By Omar Faridi  |  

GoCredit received an investment grade (BBB) with Stable Perspective from one of the “leading” rating agencies in Mexico and Latin America: PCR Verum. According to GoCredit, the report highlights: Positive evolution in financial performance Increasing profitability Positive management of liquidity Good control over assets and… Read More

December 26, 2022 @ 8:17 am By Omar Faridi  |  

In yet another step towards democratizing access to the world of cryptocurrencies in Latin America, Nubank (NYSE: NU) announced two more digital currencies as part of the Nubank Cripto experience, currently “available to more than 67 million of customers in Brazil.” Launched in May “with… Read More

December 23, 2022 @ 10:22 am By JD Alois  |  

Yesterday, the Brazilian President signed into law a framework for regulated crypto. Law 14,478/22 determines the guidelines for regulating the provision of virtual asset services. Digital assets deemed to be securities will be regulated by the Brazilian Securities and Exchange Commission. Another entity will regulate… Read More

December 8, 2022 @ 12:46 pm By JD Alois  |  

Crypto platform Bitso has partnered with Félix Pago to offer a service to enable remittances from the United States to Mexico. Bitso is a leading crypto exchange in Latin America operating in Brazil, Colombia, Argentina and Mexico. Félix Pago is a provider of “chat remittance… Read More

December 7, 2022 @ 8:07 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest digital financial services platforms, announced an equity capitalization of $330 million, which will be “invested to finance the expansion of the company’s portfolio, increase penetration across market segments and strengthen its operations and long term… Read More

December 6, 2022 @ 5:02 pm By Omar Faridi  |  

AltScore, a fintech start-up that provides B2B lending infrastructure, announced it has raised $3.5 million in seed funding. The financing will help AltScore “continue developing its end-to-end Lending-as-a-Service (LaaS) solution to help its B2B partners embed and deploy credit products while giving MSMBs fair and… Read More

December 5, 2022 @ 1:21 pm By Omar Faridi  |  

C6 Bank corporate customers have one more option “to receive payments in their businesses: Pix Cobrança.” With the free resource, it is possible “to issue personalized QR codes and manage payments in a simplified way through the app.” Monisi Costa, head of products for legal… Read More

December 5, 2022 @ 8:37 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest financial services platforms, announces the additional protection for fraudulent digital transactions “as part of its Nubank Celular Seguro insurance.” Still in the testing phase for a little portion of the customer base, the coverage “will… Read More

November 24, 2022 @ 1:28 pm By JD Alois  |  

Prominent Latin American crypto exchange Bitso has posted all funds are secure during a time when some are questioning the viability of certain crypto marketplaces and counterparty risk associated with the FTX bankruptcy. Bitso said in a statement that it was going beyond proof of… Read More

November 21, 2022 @ 11:45 pm By Omar Faridi  |  

Zimpler, which claims to be a leading fintech company born in Sweden, announced that it will expand its operations to Latin America. The company has “established its LatAm headquarters in São Paulo, catering to the growing local and regional markets.” Zimpler plans “to introduce their… Read More

November 19, 2022 @ 6:25 pm By Omar Faridi  |  

Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More

November 10, 2022 @ 11:01 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America, with more than 6 million users, “will enable users of its app from the entire region who travel to Argentina to pay for their purchases with crypto through QR, a very widespread payment method in the country.” This… Read More

November 8, 2022 @ 11:07 pm By Omar Faridi  |  

AstroPay, the online payment solution of “choice” for millions of users worldwide, is pleased to launch its new product in Brazil, a Mastercard prepaid card. This move will “provide both new and existing AstroPay customers with the ability to pay in any store that accepts… Read More

November 4, 2022 @ 8:23 am By Omar Faridi  |  

Zero Hash, the global B2B2C crypto-as-a-service infrastructure provider, recently announced its expansion into Brazil. Zero Hash “enables businesses to embed digital assets within their product offering with a light technical lift and little regulatory burden.” Zero Hash’s platform “provides customers the complete building blocks for… Read More

November 2, 2022 @ 5:17 am By Omar Faridi  |  

EBANX, a fintech company that specializes in international payments in rising markets, announced the appointment of Greg Cornwell “as the Brazilian unicorn’s new Vice President of Business Development.” He will “report directly to EBANX President of Global Payments, Paula Bellizia, and play a key role… Read More

October 21, 2022 @ 10:32 am By JD Alois  |  

Top crypto trading platform Bitso says it has surpassed 6 million users in Latin America while claiming it is in the midst of a growth spurt the fastest they have seen since its inception in 2014. Bitso states that in the past year, it has… Read More

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