Tagged: latin america

Latin America: Colombian Fintech Bold Reports Series C Round Led by General Atlantic

Bold, a financial technology company enabling access to electronic payments in Colombia, today announced that it has raised $50 million in Series C funding led “by existing investor General Atlantic, a global growth investor, with participation from the International Finance Corporation (IFC), a member of… Read More

Bitso, a Crypto-focused Financial Services Provider in LatAm, Integrates Solution to Enhance Ethereum Transactions

Bitso—the crypto-powered financial services company in Latin America—announced that it has integrated a third Layer 2 solution that will facilitate fast and efficient transactions with Ethereum thanks to the incorporation of the Optimism network. Optimism is a Layer 2 or “Layer 2” blockchain that works… Read More

Latin America: Digital Assets Exchange OKX to Expand Operations to Argentina

Hong Fan, OKX President, notes that she’s pleased to announce a major milestone in OKX’s global expansion – they have officially launched our leading crypto exchange and Web3 services in Argentina. Given Argentina’s position as one of the “top” crypto markets in Latin America with… Read More

Latin America: Segura Bank International Now Live with Temenos Core Banking Platform

Temenos (SIX: TEMN) announced that Puerto-Rico headquartered Segura Bank International, Corp. (SBI) has gone live with Temenos core banking platform deployed in the cloud to power a new digital bank for mid to high earners in Latin America. Temenos’ cloud-native platform will “enable SBI, which… Read More

Digital Banking: Nubank Security Feature “Modo Rua” Now Has 1.5 Million Users

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms in the world, reaches the milestone of 1.5 million users of “Modo Rua,” a security feature that allows users to set a maximum total value for transactions via Pix, TED, or boleto… Read More

Global Analytics Firm CRISIL Establishes New Office in Colombia to Assist Investment Banks

CRISIL Ltd, which claims to among the leading global analytics companies, has reportedly set up an office in Bogotaì, Colombia in order to “provide its clients, including global investment banks, asset managers and private equity firms an efficient solution for nearshoring critical operations and services… Read More

Coinbase Aims to Share Perspective with Brazil’s Central Bank on Regulatory Framework for VASPs

The Banco Central do Brasil (BCB) is consulting with stakeholders on a future regulatory regime, and Coinbase (NASDAQ:COIN) is pleased to share their perspectives on how to implement a comprehensive regulatory scheme for Virtual Assets Service Providers. Crypto creates economic freedom by ensuring that people… Read More

Kueski, a BNPL Provider in LatAm, Available as Payment Option via Amazon for Mexico based Consumers

Kueski, the buy now, pay later (BNPL) provider in Latin America, has taken a major step forward in expanding financial access for everyday Mexicans and will now be available as a payment option on Amazon.com.mx. As a result, shopping will be more convenient and customers… Read More

Digital Banking: Grupo Financiero Banorte Introduces bineo, a New Virtual Bank in Mexico

Grupo Financiero Banorte, one of Mexico’s largest financial firms, has introduced bineo, a virtual bank that will provide savings accounts as well as personal loans with the goal of onboarding 2.8 million new customers in the upcoming 5 years. Banco Banorte, which is reportedly owned… Read More

Latin America: Cuenta Nu to Help Colombians to Grow Wealth and Achieve Savings Goals

Nu. Colombia Financial Company, a subsidiary of Nu Holdings in the country, announced the opening of the “Launch List” for “Cuenta Nu,” its latest product, which aims to provide Colombians with a savings experience through the market’s “most competitive” offering. Cuenta Nu is a digital… Read More

Digital Economy Including Payments to Top $1 Trillion in Latam, Africa – Report

Payments platform Ebanx has distributed a report covering some developing markets, predicting that the digital economy – including payments – will top $1 trillion in Latin America and Africa by 2026. As we all know, global consumption is on the rise, and Ebanx says Latin… Read More

Fintech Pomelo Reports $40M in New Funding, with Aim of Enhancing Payment Technology in LatAm Markets

Pomelo is reporting that it has raised a new funding round of $40 million, with the aim of consolidating their leadership in payment technology in Latin America. Pomelo says its investment round was led by Kaszek, which is reportedly one of the largest venture capital… Read More

LatAm-focused Fintech Prometeo Secures $13m to Expand Data, Payments Services

Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate. The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support… Read More

Bitso Shares Predictions for 2024

Latin American digital asset platform Bitso has distributed a list of predictions for 2024. Felipe Vallejo, Chief Corporate Affairs Officer at Bitso, the end of 2023 was positive for Bitso: “… not only because we reached 8 million users globally and 1,700 institutional clients, but… Read More

Nubank Subsidiary Approved by Financial Superintendence of Colombia to Operate as Financing Firm

Nu Colombia, a subsidiary of Nubank (NYSE:NU) in the country, announced that the Financial Superintendence of Colombia (SFC) has officially approved its application to operate as a financing company. This achievement not only “marks a significant milestone for Nu Colombia but also paves the way… Read More

Brazil’s Central Bank Releases Guidelines for Pix Automático Product to Enhance Recurring Payments

Banco Central do Brasil has released operational guidelines for the Pix Automático product. Pix Automático will be available to the population in October 2024. The new feature is designed “to streamline recurring payments, including monthly service fees.” The launch of Pix Automático is drawing near…. Read More

Digital Banking: Brazil’s Nubank Marks 10 Years of Operations with Launch of Innovative Products in 2023

2023 marked Nubank’s (NYSE:NU) tenth anniversary with further innovation from one of the world’s largest digital financial services platforms. Over the past 12 months, the company has “launched over 45 new solutions to give people more autonomy and security in managing their finances.” With significant… Read More

Latin America Can Enhance Economic Growth by Addressing Issues Related to Crime – IMF Analysis

Crime has long been a “top-of-mind” concern for households across Latin America and the Caribbean, according to an update shared by the International Monetary Fund (IMF). The IMF noted in a blog post that the LatAm region accounts “for nearly half of the world’s intentional… Read More

Mexico’s RUUT and Alpaca Are Supporting Fintech Solutions for New Investors

Launched with the intention to provide accessible, fair, and simple tools for wealth generation, RUUT is addressing Mexico’s unique challenges faced by new investors. Currently situated in Mexico City and supported by Alpaca’s Broker API, RUUT has seen significant growth since their launch while “ensuring… Read More

Stablecoin Issuer Circle Talks Partnership with Lemon to Help Users Dodge Inflation in Argentina

Circle, the second largest dollar stablecoin issuer with USDC, has posted a case study on a partnership with Lemon – a crypto exchange in Argentina. Typically, stablecoins are mostly used as on/off ramps for digital assets. Stablecoins are largely digital representations of fiat but can… Read More

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