Tagged: latam

October 24, 2021 @ 3:48 pm By Omar Faridi  |  

OSL, a provider of digital asset trading and software-as-a-service (SaaS), and member of BC Technology Group, has announced that it has enabled access to its secure, compliant, global, OSL Exchange “to professional and institutional customers in Latin America, with zero trading fees until the end… Read More

October 19, 2021 @ 11:07 pm By Omar Faridi  |  

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, has formed a partnership with Grupo Bursátil Mexicano (GBM), the investment platform and brokerage company that is streamlining the investing sector with the goal of democratizing investing in Mexico. By leveraging DriveWealth’s real-time fractional trading… Read More

October 19, 2021 @ 3:36 pm By Omar Faridi  |  

Cybersource, a Visa solution, and Ebanx, an international payments Fintech that is focused on  Latin American (LatAm) markets, have entered into a partnership for handling payments in Brazil. Cybersource’s customers across the globe will have access to EBANX‘s payment services for  Brazil, and provide their… Read More

October 13, 2021 @ 8:54 am By Omar Faridi  |  

Trumid, a financial tech firm and electronic credit trading platform, has confirmed the completion of its $208 million financing round that was led by Point Break Capital Management, a private investment company with considerable experience and relationships in international  financial markets and “deep roots” in… Read More

October 11, 2021 @ 11:34 am By JD Alois  |  

Crabi, an Insurtech in the auto insurance sector, has raised $4 million in seed funding, according to a release. The funding was led by LatAm VC Kaszek Ventures with participation from Tuesday Capital and Redwood Ventures. Crabi states that there are more than 50 million… Read More

September 10, 2021 @ 7:50 am By Tony Zerucha  |  

Addi, a fintech and digital commerce startup based in Bogota and Sao Paulo, this week announced new equity funding for $75 million, led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz,… Read More

September 9, 2021 @ 1:30 pm By Omar Faridi  |  

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

September 6, 2021 @ 10:02 am By JD Alois  |  

Diners Club International has extended its partnership with BPC in Latin America. BPC offers payments, wallets, and banking features via its platform. According to a statement from the company, after selecting BPC’s SmartVista for commerce in Peru, Diners Club has turned to BPC once again… Read More

August 31, 2021 @ 3:00 pm By Tony Zerucha  |  

This week’s launch of Open Banking Excellence’s presence in Brazil could play a key role in the country’s emergence as an open banking stalwart, two executives from instant payments infrastructure provider Volt believe. CEO Tom Greenwood said Banco Central do Brazil has gone farther than… Read More

August 27, 2021 @ 11:37 am By Omar Faridi  |  

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

August 25, 2021 @ 2:29 pm By Tony Zerucha  |  

Open Banking Excellence (OBE) is opening a center in Brazil to help promote the concept in that country. The launch of OBE Brazil is set for 2 p.m. local time Sept. 1 and features a live session with debates and discussions by experts in the… Read More

August 22, 2021 @ 8:00 pm By Omar Faridi  |  

Connie Gallippi, Founder and Executive Director at BitGive, a non-profit organization that aims to bridge the gap between practical philanthropic solutions for nonprofit and humanitarian work globally made possible through emerging blockchain technology, recently shared some noteworthy updates with Crowdfund Insider. Established in 2013, BitGive is… Read More

August 17, 2021 @ 5:00 pm By Omar Faridi  |  

Ximena Alemán, Co-CEO at Prometeo, the Latin American (LatAm) Fintech firm that’s leading Open Banking adoption throughout the region, recently shared key industry insights with Crowdfund Insider. Prometeo recently announced the launch of Spark, which is a free-of-cost program for high-potential startups, Fintechs, as well… Read More

August 17, 2021 @ 8:28 am By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, reveals that it has entered an agreement to acquire SafetyPay for $441 million as part of an all-cash deal. SafetyPay is an established payments platform that allows digital commerce transactions through various Open Banking and electronic cash solutions, operating… Read More

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More

August 5, 2021 @ 12:35 pm By Omar Faridi  |  

Clara, the end-to-the-end or comprehensive solution for corporate spend management incorporated a new payment feature to its financial offering, becoming the “most complete” B2B spend control platform in the Mexican market. Through the new product, companies will be able to: Use Clara’s credit line to… Read More

August 5, 2021 @ 10:45 am By Priyanka Pani  |  

Brazil-based Nubank has led a $45 million Series B funding round in yet-to-be-launched Indian neobank Jupiter. Global Founders Capital, Matrix Partners, and Sequoia Capital also participated in the round along with existing investors Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound, and Beenext. Founded by Jitendra… Read More

August 3, 2021 @ 6:20 pm By Omar Faridi  |  

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

July 19, 2021 @ 11:28 am By JD Alois  |  

Prometeo, a large open banking platform based in Uruguay, has announced a new program for startups called Spark. The program enables startups, Fintechs, and small businesses access to its infrastructure of banking connections with APIs, free of charge. Prometeo stated that participants will have access… Read More

July 13, 2021 @ 11:09 am By JD Alois  |  

Marco Financial has raised $80 million in seed funding led by Kayyak Ventures while simultaneously received an increased credit line to $100M provided by Arcadia Funds. Additional investors in the seed round and expanded credit facility include Village Global VC, Flexport Ventures, Tresalia Capital, 342 Capital, Struck Capital,… Read More