Tagged: latin america

LatAm Fintech Belvo Shares Report on State of Open Banking in Latin America in 2022

The team at LatAm Fintech Belvo has shared an update titled the State of Open Banking in Latin America in 2022. Belvo writes in a blog post that open banking – the opening of financial markets via technology, data, and the creation of new digital… Read More

Digital Banking: C6 Bank Explains How to Make the Most out of Your International Account

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

UK based Fintech Paysend Strengthens Americas Operation with Jairo Riveros as MD of the US, LatAm

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

LatAm Fintech EBANX to Expand Business Operations and Portfolio in Mexican Markets

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

Fintech Adoption to Continue in 2022 with Financial Inclusion, Green Investments, Online Trading, Remittance Payments As Key Focus Areas

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

Global Fintech Azimo Explains How to Receive Payments in Colombia by Completing Certain Legal Requirements

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

Digital Banking: C6 Bank’s Automated Platform Captures Significant Share of Brazil’s Toll Payment Market

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

Bogota’s BNPL Fintech Addi Secures $200M to Support Business Expansion Efforts

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

2021 Saw Growing Appetite for Digital Payments Across Latin America: Report

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

DeFi: Credix Acquires $2.5M to Transform the International Debt Capital Markets

Thomas Bohner, Founder and CEO at Credix, has confirmed that his team has secured $2.5 million in early-stage seed round funding from various investors and builders. Credix’s investment round was reportedly led by DRW Cumberland and ParaFi Capital along with contributions from the Transfero Swiss… Read More

Developers of VIP$ Coin, an “Asset Backed” Virtual Currency, in Talks with Mexican Government

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

EBANX, a Payments Platform in LatAm, Acquires Remessa Online, a Brazilian Remittance Payments Fintech

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

Mercado Libre Is Acquiring Redelcom to Enhance its Strategy in Payment Systems

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

Fintech Platform fonYou Acquires €7M from Banco Santander Smart Fund

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

Latin America’s Fintech Infrastructure Provider, Dock, Acquires Cacao, a Mexican Card Processing Solutions Provider

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

Mexico’s Online Lending and BNPL Service Provider, Kueski, Secures $202M in Debt and Equity

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

Global Fintech Jeeves and MasterCard are Providing Fully Locally-Issued Physical and Virtual Cards for Mexico’s Businesses

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

Overfunding: ID Finance, a Fast-Growing Fintech in Spain and Mexico, Secures €1M+ from 459 Investors via Crowdcube

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

Mastercard Enhances Support of Latin America Real-Time Payments with Acquisition of Arcus

Mastercard (NYSE: MA) announces that it has acquired Arcus FI, an alum of the firm’s Start Path program, in order to help support the delivery of bill pay solutions and “other real-time payment applications across Latin America.” As mentioned in the announcement: “With offices in… Read More

Brazilian Fintech TruePay Secures $32M in One of the Largest Series A Rounds in the Country

TruePay, a startup whose payment solution assists SMEs retailers with getting free and secure access to credit, has acquired $32 million in capital via a Series A round that was led by Addition. As mentioned in the announcement, this growth stage investment is one of… Read More

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