Tagged: latin america

October 17, 2022 @ 12:19 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that the purchase of airline tickets has always been one of the main destinations given to the points accumulated by customers registered in bank and credit card loyalty programs. But other ways of using these miles are “starting to become popular.”… Read More

October 8, 2022 @ 10:05 am By Omar Faridi  |  

Via, a global payroll platform that helps hire and pay workers anywhere in the world in compliance with all local legal regulations, announced that it has opted for Bitso, the cryptocurrency platform in Latin America, to streamline international payments for workers using the power of… Read More

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

September 28, 2022 @ 9:28 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments and financial messaging, announced that ACH Colombia, a financial technology company, “has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and ecommerce platforms… Read More

September 27, 2022 @ 12:24 pm By Omar Faridi  |  

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

September 22, 2022 @ 3:23 pm By Omar Faridi  |  

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

September 21, 2022 @ 3:46 pm By JD Alois  |  

Bitso, a Latin American crypto exchange reporting 5 million users, has distributed an email stating that Latam users can use crypto to counter the impact of inflation. Bitso reported that according to a study, the reasons for adopting cryptocurrencies are increasingly varied. The study highlights… Read More

September 19, 2022 @ 11:00 pm By Omar Faridi  |  

Reltime AS, which claims to be “disruptive” global Web3 and Metaverse financial technology company, and Triskel Capital Ltd. have entered into a long-term strategic partnership “to change the way people and businesses in Latin America financially interact and transact.” Together with Reltime as its “next-generation”… Read More

September 18, 2022 @ 9:42 am By Omar Faridi  |  

After reaching the milestone of 20 million accounts opened, Brazil’s C6 Bank has introduced  an “exclusive” service aimed at the high-income segment. Called Carbon, the new service is free of charge and has a new proposal at the bank: the Carbon Partner, a specialized executive… Read More

September 6, 2022 @ 3:10 pm By JD Alois  |  

Inswitch has partnered with Binance Pay to “improve their fintech solutions and offer Binance Pay to all merchants in Latin America.” Inswitch is an embedded Fintech platform aiming to help financial services provides to quickly provide digital offeerings. Binance Pay, part of Binance, is crypto… Read More

September 2, 2022 @ 11:58 am By Omar Faridi  |  

C6 Bank is offering special conditions for the purchase of airline tickets “with Atoms points through the bank’s application.” Between the 24th and 26th of August, the bank’s customers had been able to purchase national and international flights “at different prices through C6 Travel, an… Read More

August 30, 2022 @ 4:14 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the top academic group studying Fintech, has published a report on digital finance in Latin America and its impact on SMEs’ access to capital. The SME Access to Digital Finance Study: A Deep Dive into the Latin America… Read More

August 25, 2022 @ 8:43 am By Omar Faridi  |  

Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More

August 22, 2022 @ 11:00 am By Omar Faridi  |  

Prometeo Open Banking, which claims to be the leading Latin American Open Banking platform, announced the launch of the first Account to Account (A2A) payments solution in Latin American markets. As noted in an update shared with Crowdfund Insider, Prometeo‘s new payment service “provides a… Read More

August 21, 2022 @ 5:17 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that this latest update was prepared according to global “best practices” for publishing information on economic, social and environmental impact. In the midst of celebrating its three-year launch, C6 Bank has published the 2021 Annual Report. Available in the Documents section… Read More

August 19, 2022 @ 10:17 pm By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and cryptocurrency solutions, announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, “the first bank in Latin America to utilize ODL.” Travelex is the first bank registered and “approved by the Central Bank of Brazil… Read More

August 16, 2022 @ 6:21 pm By Paolo Ardoino  |  

Inflation continues to rise globally, especially across Latin America where hyperinflation afflicts many countries. Could Bitcoin and the emerging digital token economy be the answer? Across Latin America, a story of inflation and ineffective central bank policy is the order of the day. In Mexico,… Read More

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

August 9, 2022 @ 9:38 pm By Omar Faridi  |  

Geopagos, the payment acceptance infrastructure that claims to have the most “comprehensive” omnichannel offering in LatAm, recently revealed that it has acquired $35 million in equity funding via a round led by Riverwood Capital, an international investor in high-growth tech firms, along with contributions from… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More