Tagged: latam

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

August 9, 2022 @ 9:38 pm By Omar Faridi  |  

Geopagos, the payment acceptance infrastructure that claims to have the most “comprehensive” omnichannel offering in LatAm, recently revealed that it has acquired $35 million in equity funding via a round led by Riverwood Capital, an international investor in high-growth tech firms, along with contributions from… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More

August 4, 2022 @ 2:45 pm By Omar Faridi  |  

Paystand, the provider of blockchain-enabled accounts receivable and B2B payments, announced the acquisition of Yaydoo, a firm focused on accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The deal represents “one of the biggest technology unions in Mexico and LATAM and… Read More

August 4, 2022 @ 9:01 am By Omar Faridi  |  

MercadoLibre, Inc. (Nasdaq: MELI), which claims to be Latin America’s leading e-commerce technology company, reported financial results “for the quarter ended June 30, 2022.” The company hosted an earnings video as well as a conference call and audio webcast “for any questions that investors may… Read More

August 2, 2022 @ 11:46 am By Omar Faridi  |  

In yet another initiative with the goal of transforming consumers’ financial lives via education, Brazil’s C6 Bank is promoting the second edition of the Financial Expedition, a project that takes free workshops “to communities in small municipalities.” This edition takes place between the 9th and… Read More

July 27, 2022 @ 12:56 pm By JD Alois  |  

Bitso, a Latin American crypto exchange, has facilitated the transfer of Argentian football (soccer) player to São Paulo FC’ Bitso states that this is the first such transfer to take place with midfielder Giuliano Galoppo signing with the São Paulo club, completed with crypto, and… Read More

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

Stori, a “rapidly growing” fintech company offering credit card products to Mexico’s underserved population, recently announced its latest round of financing of $150 million, which “values the company at $1.2 billion.” As a result of this latest investment round, Stori now “joins a select group… Read More

July 13, 2022 @ 8:27 pm By Omar Faridi  |  

BPC, the international payments solution provider, has been selected as partner by NanoPay in Mexico, and has launched its anti-fraud solution SmartVista in order to safeguard credit card transfers for its clients. Daniel Hernández, Business Development Director and Country Manager Mexico at BPC, said: “The… Read More

July 12, 2022 @ 6:42 pm By Omar Faridi  |  

Brazil’s secured lending platform Creditas is getting ready to expand its product offering, after obtaining a banking license as well as a mortgage marketplace. The company is reportedly acquiring Brazil‘s banking license of Andorra’s Banco Andbank, allowing it to take customer deposits. As part of… Read More

July 12, 2022 @ 8:53 am By Omar Faridi  |  

The Latin American digital asset exchange Bitso has introduced a cryptocurrency remittance service in Colombia. The service, which should enable individual consumers and businesses to send and receive “digital dollars,” is reportedly one of the first crypto-based remittance products offered in Colombia to date, according… Read More

July 10, 2022 @ 10:41 pm By Omar Faridi  |  

DEUNA, the commerce operating system that enables a “1-click checkout” buying experience and a sales network for digital commerce merchants, has raised $37 million in funding including a $30 million Series A round. The investment round was led by Activant Capital along with contributions from… Read More

July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More

July 2, 2022 @ 8:14 am By Jairo Riveros  |  

Cryptocurrency is gaining traction with investors, businesses, and even Uncle Sam this year. Despite being around for over a decade, the global cryptocurrency market is now worth over $1 trillion. At the end of February, the 24-hour average trading volume of all cryptocurrencies across the… Read More

June 25, 2022 @ 4:07 pm By Omar Faridi  |  

Alviere, the provider of enterprise software solutions for embedded finance that enables brands to deliver a full suite of financial products and services to customers, fans, and employees, announced it has secured financing from Silicon Valley Bank, the bank of the world’s “most innovative” companies… Read More

June 18, 2022 @ 1:54 pm By Omar Faridi  |  

Visa (NYSE: V) has introduced Latin America’s first crypto cards, through partner firms based in Brazil and Argentina. Working cooperatively with Fintech startups and other companies in the region, Visa will reportedly issue cards that allow consumers to receive Bitcoin (BTC) cashback with each  payment… Read More

June 16, 2022 @ 6:15 pm By JD Alois  |  

Bitso, a Mexico-based crypto platform that claims to be the leading platform of its kind in Latin America, says it has completed $1 billion in remittances during the first 6 months of 2022. This represents 4X the same period in 2021. Currently, Bitso claims over… Read More

June 10, 2022 @ 11:53 am By Omar Faridi  |  

On the margins of the Ninth Summit of the Americas, DFC and Mastercard (NYSE: MA) announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed “to… Read More

June 6, 2022 @ 3:38 pm By JD Alois  |  

One of the most successful Fintech VCs around, QED Investors, has hired Camila Vieira to boost its presence in Brazil – an important region in the hot Latin American Fintech market. Vieira is the company’s first employee based in Sao Paulo, Brazil, where she will… Read More

June 3, 2022 @ 8:17 am By Omar Faridi  |  

Bexs Pay, which claims to be a “pioneer” in offering cross-border transactions, has entered a partnership in order to provide Brazilian consumers with convenient access to global products and services. Bexs Pay will, from now on, be responsible for transfers via NuPay, which is Nubank’s… Read More