Tagged: latin america

Brazilian Insurtech Pier Raises $14.5 Million Through Series A Funding Round Led By Monashees

Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More

Visa Announces Completion of YellowPepper Acquisition

  Visa (NYSE:V) announced on Friday it has completed the acquisition of YellowPepper, a payments tech company that supports financial institutions and startups in Latin America and the Caribbean. Visa reported that the acquisition is considered the first of its kind for financial giant in… Read More

Spain and Latin America based Insurtech Bdeo Secures €5 Million via Series A Round

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More

Latin America Needs Strong Fintech Regulatory Framework, Institutional Support before It Can Effectively Leverage New Tech: Report

Carlos Cantú and Bárbara Ulloa have noted in a new paper, which covers Fintech developments in Latin America, that innovative financial technology is transforming financial services in the region. The paper, titled The Dawn of Fintech in Latin America: Landscape, Prospects and Challenges, states that… Read More

Fintech Firm Afterbanks, which Aggregates Data from Banks in Real-Time, Launches Operations in Mexico

Afterbanks, the Fintech firm that allows users to retrieve and aggregate data from different banks in real-time via an API, has introduced its products and services in Mexico. Afterbanks’ platform has been used to conduct instant and secure payments in Europe and Latin America. Afterbanks… Read More

Brazil-Based Card Issuing & Banking-As-A-Service Software Platform Conductor Raises $150 Million Through Latest Investment Round Led By Viking Global Investors

Conductor, a Brazil-based card issuing and banking-as-a-service software platform, announced on Monday it secured $150 million through its latest investment, which is led by Viking Global Investors, with additional participation from investors, including Advent International’s affiliate, Sunley House Capital. Conductor describes itself as a technology… Read More

Fintech-As-A-Service Platform Arcus Secures Funding From Citi Ventures For Expansion & Partnerships in Latin America

Arcus, a Fintech-as-a-Service (FaaS) platform, announced on Monday it scored an investment from Citi Ventures for expansion and partnerships in Latin America. Arcus claims that this investment marks the first investment by Citi Ventures in a fintech company in Mexico. Founded in 2013, Arcus provides… Read More

Visa to Acquire Miami based YellowPepper, a Payments Technology Firm, in order Expand Global Operations

Visa (NYSE:V) is reportedly planning to acquire YellowPepper, a payments tech company, in order to extend its global operations into the Caribbean and other jurisdictions. Established in 2014 and fully operational in nine different Latin American (LatAm) nations, the Miami-headquartered firm serves around 50 clients… Read More

E-Commerce Activity in Latin America has Increased Dramatically as Region Continues its Digital Transformation: Report

Latin American (LatAm) economies are growing rapidly and the region presents “a unique set of circumstances that is unlike any other region in the world,” according to a report from Atlantico, titled “Latin American Digital Transformation 2020.” The report notes that this uniqueness has helped… Read More

Circle Joins Forces With Ripio To Accelerate USDC Stablecoin Adoption Throughout Latin America

Global fintech Circle announced on Thursday it has joined forces with Latin American crypto company Ripio to support the acceleration of USDC stablecoin adoption across Latin America. “To service increasing demand for USDC across the region, Ripio is working with Circle in order to implement… Read More

Renewable Energy Now Powers Nearly 40% of Proof of Work Cryptocurrency Mining: Report

  Full-time equivalent employee growth in the blockchain and digital asset sector has slowed down following the 2017 cryptocurrency bull market, according to the findings of the 3rd Global Cryptoasset Benchmark Study by the Cambridge Centre for Alternative Finance (released in September 2020 by the… Read More

JPMorgan backed Brazilian Fintech FitBank to Expand Payments Services Business into the US

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

Building the E-commerce Infrastructure for Small Businesses to Thrive in Latin America

The World Bank estimates there are up to 445 million micro, small- and medium-sized enterprises in the developing world. In Latin America, nearly 90% of all businesses fall into this category. However, many of these businesses operate informally due to a lack of market information… Read More

Latin American Fintech Übank, which Offers Automated Savings App, Plans Expansion into the US

Mexico’s Übank, the provider of an automated savings solution that allows consumers to save based on their lifestyle and everyday expenses, is planning to expand its operations into the US in 2021. Übank claims that it uses innovative savings strategies. Its app can “transform” daily… Read More

Spotify Premium Teams Up With dLocal to Offer Payment Alternatives in Latin America

dLocal, a fintech that specializes in cross-border payments for emerging markets, announced on Tuesday it is has teamed up with Spotify to enable the music platform’s new payment methods for customers in Latin America for Spotify Premium through the use of its payments platform. dLocal… Read More

Colombian Proptech Habi, which has Adopted iBuying, Secures $10 Million via Series A Round led by Inspired Capital

Buying or selling property or real estate might begin to lose its appeal when we consider how time-consuming it can be to actually maintain these investments. However, Colombia based Proptech firm Habi says it plans to offer products and services that will help improve Latin… Read More

Central American Fintech Firms Now Involved in Banking, Billing, Crowdfunding, Online Payments, Personal Credit

  Central America is home to many Fintech firms such as Cuanto, Sube, and Klap which specialize in online payments. There’s also Adelantos and Vana which focus on personal credit. Central America based Fintech firms Omni and Cuscatalan are part of the region’s banking sector…. Read More

Uruguay’s Kona, which Enhances Customers’ Banking Experience with AI, Machine Learning, Chatbots, Signs Contract with Canadian Bank

Uruguay’s Kona, a company focused on enhancing customer experience with machine learning (ML) enabled solutions for businesses, which includes chatbots and various cognitive solutions for call centers, has reportedly landed a deal with a major Canadian bank. Established in Montevideo, and now headquartered in Toronto,… Read More

Rapyd Teams Up With PayMyTuition to Enable Students in Latin America & Asia Pacific to Make International Tuition Payments Within Minutes

Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has formed a partnership with PayMyTuition, a provider of technology-driven global payment processing solutions for international tuition payments. The collaboration will notably expand PayMyTuition’s ability to accept payments through bank transfers from… Read More

Dash Teams Up with Taurus.io, a Mexican Digital Asset Exchange, to Launch a Cryptocurrency based Debit Card

Dash has teamed up with Taurus.io, a Mexican digital asset exchange, in order to launch a cryptocurrency based Visa debit card in Latin American markets. The card will only be offered to Taurus’ customers in Mexico (for now). The crypto debit card will reportedly be… Read More

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