Tagged: latin america

November 15, 2021 @ 10:47 pm By Omar Faridi  |  

Whale Cloud, a tech firm offering software solutions and services for telecommunications and several other industries has formed a partnership with Toka Fintech, a Mexican financial group, in order to assist with creating its own virtual payment app with Alipay+ Digital Wallet Solution, providing consumers… Read More

November 13, 2021 @ 11:47 am By Omar Faridi  |  

Credit card-led Fintech firm Stori announced that it has closed one of the largest Series C equity financing rounds in Latin America. As mentioned in the announcement, Stori’s investment round is supported by a debt raise that will be channeled towards Stori’s fast-growing credit card… Read More

November 8, 2021 @ 4:19 pm By Omar Faridi  |  

Colt Technology Services has announced that it’s expanding its capital markets product offering into Latin America (LatAm), giving clients from the US, Europe and APAC cost effective, low latency access to B3 – a major financial market infrastructure firm and the largest in the region… Read More

November 6, 2021 @ 11:56 am By Omar Faridi  |  

Argentina-based Fintech firm Ualá is reportedly expanding its operations and overall presence in Mexico via the acquisition of domestic bank, ABC Capital. The transaction, which is currently subject to government approval, should allow Ualá to move into different business segments. Pierpaolo Barbieri, CEO at Ualá,… Read More

October 28, 2021 @ 10:10 pm By Omar Faridi  |  

EBANX, a Fintech firm for payment solutions in Latin America, confirms that it has finalized the acquisition of Juno, a Brazilian payments firm that enables e-commerce via billing and banking services in the South American country. Juno, one of the key players in the domestic… Read More

October 28, 2021 @ 9:43 am By Omar Faridi  |  

dLocal, a tech-first payments platform that enables enterprise merchants to connect with  consumers in emerging markets, has introduced its latest developments for risk management. The first product in the stack is Smart Defense, which is described as an advanced, custom-built solution that combats fraud by… Read More

October 24, 2021 @ 3:48 pm By Omar Faridi  |  

OSL, a provider of digital asset trading and software-as-a-service (SaaS), and member of BC Technology Group, has announced that it has enabled access to its secure, compliant, global, OSL Exchange “to professional and institutional customers in Latin America, with zero trading fees until the end… Read More

October 19, 2021 @ 11:07 pm By Omar Faridi  |  

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, has formed a partnership with Grupo Bursátil Mexicano (GBM), the investment platform and brokerage company that is streamlining the investing sector with the goal of democratizing investing in Mexico. By leveraging DriveWealth’s real-time fractional trading… Read More

October 19, 2021 @ 3:36 pm By Omar Faridi  |  

Cybersource, a Visa solution, and Ebanx, an international payments Fintech that is focused on  Latin American (LatAm) markets, have entered into a partnership for handling payments in Brazil. Cybersource’s customers across the globe will have access to EBANX‘s payment services for  Brazil, and provide their… Read More

October 13, 2021 @ 8:54 am By Omar Faridi  |  

Trumid, a financial tech firm and electronic credit trading platform, has confirmed the completion of its $208 million financing round that was led by Point Break Capital Management, a private investment company with considerable experience and relationships in international  financial markets and “deep roots” in… Read More

September 10, 2021 @ 7:50 am By Tony Zerucha  |  

Addi, a fintech and digital commerce startup based in Bogota and Sao Paulo, this week announced new equity funding for $75 million, led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz,… Read More

August 27, 2021 @ 11:37 am By Omar Faridi  |  

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

August 22, 2021 @ 8:00 pm By Omar Faridi  |  

Connie Gallippi, Founder and Executive Director at BitGive, a non-profit organization that aims to bridge the gap between practical philanthropic solutions for nonprofit and humanitarian work globally made possible through emerging blockchain technology, recently shared some noteworthy updates with Crowdfund Insider. Established in 2013, BitGive is… Read More

August 17, 2021 @ 5:00 pm By Omar Faridi  |  

Ximena Alemán, Co-CEO at Prometeo, the Latin American (LatAm) Fintech firm that’s leading Open Banking adoption throughout the region, recently shared key industry insights with Crowdfund Insider. Prometeo recently announced the launch of Spark, which is a free-of-cost program for high-potential startups, Fintechs, as well… Read More

August 17, 2021 @ 8:28 am By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, reveals that it has entered an agreement to acquire SafetyPay for $441 million as part of an all-cash deal. SafetyPay is an established payments platform that allows digital commerce transactions through various Open Banking and electronic cash solutions, operating… Read More

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More

August 5, 2021 @ 12:35 pm By Omar Faridi  |  

Clara, the end-to-the-end or comprehensive solution for corporate spend management incorporated a new payment feature to its financial offering, becoming the “most complete” B2B spend control platform in the Mexican market. Through the new product, companies will be able to: Use Clara’s credit line to… Read More

August 3, 2021 @ 6:20 pm By Omar Faridi  |  

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

July 29, 2021 @ 11:04 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) and Finastra have announced that they are bringing the trade funding marketplace pilot to Ecuador. ICC TRADECOMM – designed to tap into the international $1.5 trillion trade finance gap – should enable local SMEs to unlock new financing options…. Read More

July 2, 2021 @ 11:17 am By Omar Faridi  |  

Mouro Capital, a VC fund that’s mainly focused on Fintech companies and related businesses and backed by Banco Santander (BME: SAN), has reportedly joined Mexico’s digital freight forwarder Nowports’ $16 million Series A round. Nowports is notably Mouro Capital’s first investment in the logistics sector, an… Read More