Tagged: latam

May 9, 2025 @ 1:09 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the launch of tap-to-pay Pix, a new feature that integrates NFC technology into the app to simplify in-person payments. The solution reportedly offers customers an “agile way to use Pix, eliminating the need to scan QR codes.” To use it, clients… Read More

May 7, 2025 @ 7:07 pm By Omar Faridi  |  

Digital banking provider Nubank (NYSE: NU) has recently announced the expansion of a range of benefits that provide certain financial advantages while also enhancing the Nubank+ customers’ experience. Brazil‘s Nubank noted in a blog post that about one year after its launch, a range of… Read More

May 6, 2025 @ 11:29 am By JD Alois  |  

Latin American crypto firm Bitso has posted the list of participants in its global stablecoin startup accelerator, Push. Bitso said that over 300 companies applied to participate in the accelerator, with nine being approved as the first group in the Push Stablecoin Startup Accelerator. The… Read More

May 4, 2025 @ 9:07 pm By Omar Faridi  |  

Tether, the issuer of the world’s largest stablecoin USDT by market cap and overall transaction volume / adoption, has made strides in the first quarter of 2025, reinforcing its role in the increasingly competitive cryptocurrency market while also expanding its role into traditional finance, sustainable… Read More

April 27, 2025 @ 5:46 pm By Omar Faridi  |  

Flex, the fintech company enhancing back office finance for ambitious business owners, and Maza, one of the largest entity formation and payments apps for Spanish-speaking solopreneurs and consumers, announce their M&A. As part of the deal, Maza will rebrand as Flex Consumer, “a new arm… Read More

April 25, 2025 @ 7:06 am By Omar Faridi  |  

Nu Mexico, a subsidiary of Nubank (NYSE: NU), announced the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to “transform into a bank, opening the path… Read More

April 18, 2025 @ 9:13 am By Omar Faridi  |  

Digital bank Revolut is making significant strides in Brazil with the launch of new financial products aimed at transforming the banking experience for consumers. The company recently introduced subscription plans featuring interest-bearing accounts in Brazilian reais (BRL), metal debit cards, accounts for minors, and benefits… Read More

April 18, 2025 @ 12:24 am By Omar Faridi  |  

Belvo has reportedly secured $15 million in new round of funding to power the next phase of Open Finance growth in Latin America. The investment round included participation from new investors Quona Capital and existing ones Kaszek, Kibo Ventures, Future Positive, Citi Ventures, and Y… Read More

April 15, 2025 @ 11:40 am By Omar Faridi  |  

Brazil’s digital bank Nubank (NYSE: NU), continues to redefine banking with a series of  initiatives unveiled this month. From debt renegotiation campaigns to marketing and new financial products in Brazil and Mexico, Nubank is doubling down on its mission to simplify finance, promote inclusion, and… Read More

April 1, 2025 @ 11:15 am By Omar Faridi  |  

Braazil’s digital bank Nubank (NYSE: NU) continues to streamline financial services in Latin America with a series of impactful updates. From various investment options to enhanced user features and strategic leadership appointments, Nubank is focused on solidifying its position as an innvoative fintech across Brazil,… Read More

March 28, 2025 @ 1:02 pm By Omar Faridi  |  

Mendel, Latin America’s enterprise spend management platform, announced the closing of a $35 million Series B round led by Base10 Partners with participation from PayPal Ventures, and “support from existing investors Infinity Ventures, Industry Ventures, Hi.vc. Endeavor Catalyst is also investing.” Mendel is gaining traction… Read More

March 26, 2025 @ 4:09 pm By Omar Faridi  |  

Nubank Crypto, part of Nubank (NYSE: NU), announced that clients will have access to new coins. The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will “complement Nubank’s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether,… Read More

March 24, 2025 @ 4:52 pm By Omar Faridi  |  

Latin American fintech Ualá has raised an additional $66 million in a second close of its Series E funding round, bringing the total to $366 million. This extension saw participation from TelevisaUnivision, alongside earlier investors like Allianz X, Stone Ridge Holdings Group, Pershing Square Foundation,… Read More

March 21, 2025 @ 3:46 pm By Omar Faridi  |  

An update from the IMF has examined how artificial intelligence can potentially boost productivity in Latin America. According to a blog post by the IMF, some countries reportedly risk missing out on the full economic benefits of AI, but “more formal jobs and expanded digital… Read More

March 19, 2025 @ 2:23 pm By Omar Faridi  |  

Crypto.com, claiming to be “trusted” by more than 100 million customers worldwide and a firm focused on regulatory compliance, security and privacy, has secured its Virtual Asset Service Provider (VASP) registration from the National Securities Commission (CNV) of Argentina. This registration will allow Crypto.com to… Read More

March 16, 2025 @ 7:34 pm By Omar Faridi  |  

Rapyd, a global Fintech-as-a-Service provider, has completed the acquisition of PayU Global Payment Organization (GPO). This latest milestone is said to mark an important step in Rapyd’s ongoing expansion, “strengthening its position in key global markets.” This expansion increases Rapyd’s ability to offer card acquiring… Read More

March 14, 2025 @ 5:23 pm By Omar Faridi  |  

Bolivia finds itself dealing with a severe economic crisis, marked by a drastic shortage of U.S. dollars and declining foreign currency reserves. This situation is somewhat similar to what nearby nations are dealing with as well, particularly Venezuela and El Salvador. Moreover, the broader LatAm,… Read More

March 12, 2025 @ 9:26 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) recently released a paper focused on fast payments and financial inclusion in Latin America and the Caribbean, providing insights on how advancements in payment systems are reshaping financial access across the region. With over 100 jurisdictions worldwide adopting fast… Read More

March 12, 2025 @ 9:25 pm By Omar Faridi  |  

Prometeo, a Fintech infrastructure company connecting corporations with financial institutions in Latin America and the US, announced the launch of its Borderless Banking offering to support business-to-business (B2B) financial operations between the US and LatAm markets. This product integrates with the banking infrastructure in the… Read More

March 9, 2025 @ 10:34 pm By Omar Faridi  |  

On March 6, 2025, Brazil’s Central Bank, the Banco Central do Brasil, released a statement following the 259th meeting of its Monetary Policy Committee (Copom), announcing that the Selic rate—the country’s benchmark interest rate—would remain unchanged at 10.50% per year. This decision reflects a unanimous… Read More