Tagged: latin america

May 25, 2022 @ 2:51 pm By Omar Faridi  |  

Mercado Bitcoin, which claims to be the largest exchange in Latin America, has teamed up with the Stellar Development Foundation (SDF) in order to develop one of the nine projects selected for the LIFT Challenge Real Digital, “a collaborative environment carried out by the Central… Read More

May 22, 2022 @ 4:35 pm By Omar Faridi  |  

C6 Bank has announced that it recently added new equity investment options to its C6 Invest platform. From now on, clients who were already able to trade mini dollar and index (Ibovespa) contracts since August last year “can also trade full futures contracts on the… Read More

May 20, 2022 @ 8:23 am By Omar Faridi  |  

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 18, 2022 @ 10:36 pm By Omar Faridi  |  

Foley & Lardner LLP recently represented Nomad, a Latin American Fintech firm that enables Brazilian consumers to maintain bank accounts in the United States, in its $32 million (R$160 million) financing. The Fintech company’s investment round was led by Stripe, followed by monashees, Spark Capital,… Read More

May 12, 2022 @ 10:07 pm By Omar Faridi  |  

The Agri-Business Capital Fund (ABC Fund) recently revealed that it has finalized $3 million loan to Colombia-headquartered Finamiga, which mainly focuses on lending to small farmers as well as independent workers. As mentioned in the update, the lending brings the Fund’s total number of investments… Read More

May 2, 2022 @ 6:04 pm By Omar Faridi  |  

C6 Bank clients are now able to use Samsung Pay in order to make purchases “without the physical card.” C6 Bank customers can now “register their C6, C6 Platinum, C6 Carbon and C6 Business cards in Samsung Pay.” Samsung’s service “allows users to make contactless… Read More

April 24, 2022 @ 10:45 am By Omar Faridi  |  

Gr4vy, a Cloud-native payments company, recently announced new partnerships with Boku and EBANX to quickly give merchants access to local payment methods “in new geographies.” These partnerships will fuel international growth and revenue “while reducing risk, resource burden and the overall total cost of ownership.”… Read More

April 22, 2022 @ 5:07 am By Omar Faridi  |  

Citi’s Treasury and Trade Solutions (TTS) have announced that they are entering into an agreement with international payment processor EBANX in order to offer an end-to-end digital collection solution (eCommerce) “for Citi’s institutional clients in Latin America.” Citi’s clients will be able “to accept more… Read More

April 19, 2022 @ 11:02 pm By Omar Faridi  |  

SoftBank Group Corp.’s Shu Nyatta and Paulo Passoni, two of the managing partners at the SoftBank Group Corp.’s Latin America Fund, recently revealed that they’re leaving to launch their own venture business, which will mainly focus on late-stage startups in the area. As reported by… Read More

April 19, 2022 @ 10:43 pm By Omar Faridi  |  

In addition to financial services, the Aliada Digital Card offers a range of free “basic” assistance, such as a 24-hour online doctor, ambulance service, unlimited online counseling with a psychologist, legal advice and “one-click concierge services,” as well as “all the benefits offered by the… Read More

April 18, 2022 @ 8:12 am By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, and VTEX, a digital commerce platform for large firms and retailers, has announced a partnership aimed at “broadening cross-border payments for Brazilian e-commerce companies in Latin America.” Via this collaboration, Brazilian firms will be able to enjoy… Read More

April 14, 2022 @ 8:49 am By Omar Faridi  |  

Nubank (NYSE: NU), one of the largest digital financial services platforms globally, recently announced that it strengthened its international operations by obtaining a credit line of $650 million, which will be “invested in the Mexican and Colombian markets, where the company operates under the name… Read More

April 9, 2022 @ 5:00 pm By Omar Faridi  |  

Fintech firm RITMO has finalized a $200 million debt funding round, which was led by i80 Group and Avellinia Capital, making it one of the largest rounds of any digital commerce finance business in Europe and Latin America. The debt financing was reportedly offered by… Read More

April 8, 2022 @ 5:39 pm By Omar Faridi  |  

PayRetailers, the LatAm Fintech payment specialist, has announced the acquisition of two online payments platforms, Chile’s Paygol and Colombia’s Pago Digital. The two acquisitions “strengthen PayRetailers’ breadth and depth as the company moves to realise the potential of e-commerce payments across Latin America.” Paygol and… Read More

March 30, 2022 @ 4:18 pm By Omar Faridi  |  

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, and Sproutfi, a “social-first” investment platform which provides securities via its affiliate Northbound Securities LLC, has announced a partnership in order to expand “affordable access to investing in the U.S. markets to everyone in Latin… Read More

March 28, 2022 @ 1:03 am By Omar Faridi  |  

QOALA, a “free” browser extension and mobile app that “automatically rewards users while shopping online” with the aim to help digital commerce sites to improve their conversion rates, has acquired 78% (€391,365) of its €500,000 target via Crowdcube (at the time of writing) with 29… Read More

March 26, 2022 @ 9:30 pm By Omar Faridi  |  

Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing, marking a key milestone for entrepreneurship in the region. Supported by well-known investors… Read More

March 22, 2022 @ 4:38 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE recently announced a new integration with Bipa, a Bitcoin Lightning exchange service for the Brazilian markets. The integration makes converting Bitcoin earned in games into Brazilian reals and moving it into a Brazilian bank account “literally a matter of seconds.” It is… Read More

March 11, 2022 @ 8:17 am By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, has introduced a brand new positioning and design. Created in “celebration” of its 10-year anniversary in February, the latest branding “marks the expansion of the company’s global teams located in regions such as Asia, Europe, and the… Read More

March 9, 2022 @ 8:36 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, announced that its U.S. customers may send funds “directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S.” Recipients will generally see… Read More