Tagged: latam

January 24, 2022 @ 12:33 pm By Omar Faridi  |  

C6 Bank Mastercard clients who are in Caraíva (Bahia) this summer season will be able to practice beach tennis in “exclusive” spaces, in addition to enjoying various other benefits. As mentioned in an update from C6 Bank, the courts and equipment to practice the sport,… Read More

January 21, 2022 @ 6:27 pm By Omar Faridi  |  

Moneycorp Americas, a provider of international payments and FX risk management solutions, has reportedly expanded its in-country payment capabilities by providing access to alternative payment channels in the APAC area, LatAm, as well as other world regions. As mentioned in a release, this fortified infrastructure… Read More

January 15, 2022 @ 12:07 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, has announced the appointment of Jairo Riveros, as MD of the United States and Latin America, “effective 01 January, 2022.” Paysend has maintained an active presence in the US since September 2020 and “helps American residents securely… Read More

January 12, 2022 @ 10:51 am By Omar Faridi  |  

EBANX, a Latin American payments Fintech, is reportedly expanding its presence and portfolio in Mexico with the introduction of solutions focused on local online merchants. In addition to providing services to assist national firms and international platforms to expand their sales in the LatAm region,… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 11, 2022 @ 10:33 am By Omar Faridi  |  

The team at LatAm Fintech Belvo has reflected on a great year for all the financial innovators working towards “leveraging open finance in Latin America.” Belvo has shared their latest product updates and releases “on three fronts: data enrichment, data aggregation, and [their] developers portal.”… Read More

January 11, 2022 @ 12:59 am By Omar Faridi  |  

Azimo, a firm that claims to enable faster, cheaper global money transfers, has explained that Abono Automático (or automatic deposit) is a legal requirement that Bancolombia customers have to “enable before receiving Colombian pesos (COP) from overseas.” After that, users may deposit COP directly into… Read More

January 4, 2022 @ 2:43 pm By Omar Faridi  |  

C6 Bank‘s automatic-payment system is reportedly one of the fastest growing online platforms in Brazil. The C6 Bank began offering financial services in August 2019. The digital banking platform has introduced C6 tag, which has helped with accelerating growth for the firm. In around 2… Read More

December 28, 2021 @ 10:37 am By Omar Faridi  |  

Addi, a startup that has experienced steady growth by providing clients in Latin America the chance to use Buy Now, Pay Later (BNPL) services, recently secured $200 million of debt and equity in order to support an expansion in the region. The Bogota-headquartered Fintech confirmed… Read More

December 26, 2021 @ 9:30 pm By Omar Faridi  |  

Rapyd, a Fintech-as-a-Service firm, shared the results of a survey exploring the adoption of digital finance tools and e-commerce in Argentina, Colombia, Mexico, and Brazil. Even though the region has a fairly large unbanked population, the survey revealed that among those with active bank accounts,… Read More

December 19, 2021 @ 11:39 am By Omar Faridi  |  

VIP$ Coin (VIP$), which claims to be an asset backed and blockchain-powered cryptocurrency, has reportedly been holding discussions with the Mexican government in order to look into the possibility of supporting the nation’s economy with a decentralized currency. In a letter sent to VIP$ Coin’s… Read More

December 16, 2021 @ 3:53 pm By Omar Faridi  |  

EBANX, the payments platform in Latin America, announced on December 15, 2021 that it has acquired Remessa Online, a Brazilian Fintech firm that specializes in international remittance services, “in a deal valued at $229 million.” With the addition of Remessa Online’s expertise and tech, EBANX… Read More

December 15, 2021 @ 10:12 pm By Omar Faridi  |  

Mercado Libre, a tech company and one of the largest digital commerce firms in Latin America, confirms the acquisition of Redelcom, a Chilean firm that has been operating since 2010 as a payment services provider and in October 2019 started providing point-of-sale (POS) terminals with… Read More

December 10, 2021 @ 11:02 am By Omar Faridi  |  

Fintech platform fonYou has announced that it has acquired €7 million in capital from Banco Santander’s Smart Fund, as part of a financing transaction that will aim to support fonYou’s future tech development and market expansion as it introduces its Fintech solutions across different regions… Read More

December 9, 2021 @ 9:04 am By JD Alois  |  

Nu Holdings or Nubank, will trade on the New York Stock Exchange today under the ticker symbol “NU”. Nubank, based in Brazil, is one of the most successful digital banks in the world. The pricing gives Nubank a valuation of over $40 billion. The company… Read More

December 8, 2021 @ 8:22 am By Omar Faridi  |  

Dock, a provider of modern financial technology infrastructure in Latin America, announced the completion of its acquisition of Cacao, a card processing solutions provider operating in Mexico, from now on “branded also as Dock.” The deal expands Dock’s regional presence and “advances its goal of… Read More

December 6, 2021 @ 3:45 pm By JD Alois  |  

Nu Holdings (Nubank), a Brazil-based Fintech, is expected to go public this week as shares are set to trade under the ticker symbol “NU” on the NYSE. Late last month, Nubank updated its price range to $8 to$9 per share. If the neobank bank floats… Read More

December 3, 2021 @ 11:38 am By Omar Faridi  |  

Mexico’s online lending platform and Buy Now, Pay Later or BNPL service provider Kueski has secured $202 million in capital via a debt and equity round that has been led by StepStone Group. Kueski claims to be the largest online consumer lender in Mexico. It… Read More

November 30, 2021 @ 3:07 pm By Omar Faridi  |  

Mexico is one of the fastest-growing economies in the world, but its local businesses still struggle to access credit without super-high fees and tedious paperwork. Mastercard (NYSE: MA) and Jeeves, the financial partner for Mexican businesses, have teamed up to address this issue by introducing… Read More

November 28, 2021 @ 12:02 pm By Omar Faridi  |  

ID Finance, which claims to be one of the fastest-growing Fintechs in Spain and Mexico, has raised 106% (€1,062,883) of its €1M fundraising target from 459 investors (at the time of writing) via Crowdcube with 3 days left in its crowdfunding campaign. After a record-setting… Read More