Tagged: latin america

February 9, 2018 @ 12:00 pm By Samantha Hurst  |  

Magma Partners, an early stage venture capital firm with offices in the U.S. and Latin America, announced earlier this week the first close of its second $15M fund to continue supporting the growth of U.S. incorporated startups with technology and sales teams based in Latin… Read More

February 1, 2018 @ 3:00 pm By Samantha Hurst  |  

Brazilian fintech EBANX announced on Wednesday it has secured a $30 million investment from FTV Capital. The company states it is focused on helping global merchants grow exponentially and increase revenue in Latin America by offering end-to-end local payments solutions, which allows businesses to sell to… Read More

January 10, 2018 @ 1:12 pm By Samantha Hurst  |  

Visa (NYSE: V) announced on Wednesday it has formed a partnership with NovoPayment, a Florida-based fintech company, to facilitate the implementation of payment solutions for Business to Business (B2B) transactions in Latin America and the Caribbean. According to the credit card giant, the companies will work… Read More

January 8, 2018 @ 3:26 pm By Samantha Hurst  |  

Dash, the top digital currency for payments, today announced an integration with the leading Latin American exchange, BitINKA, providing citizens across Central and South America access to buy and sell Dash using their local fiat currency. According to Dash, the integration will provide citizens of Latin… Read More

October 16, 2017 @ 11:29 am By Samantha Hurst  |  

Startupbootcamp FinTech program in Latin America, which is a joint venture between Startupbootcamp and Finnovista, announced on Monday it celebrated the end of its first batch during Demo Day. According to the program, each of the startups has collectively secured 30 pilot projects and collaborations… Read More

October 4, 2017 @ 12:32 pm By Samantha Hurst  |  

Canadian fintech firm MOBI724 Global Solutions Inc. announced this week it has entered into an agreement with Visa, a global payments technology company, to provide Visa clients a suite of integrated Loyalty Solutions, including MOBI724’s Card-Linked Offers & Rewards, Digital Marketing and Business Intelligence Solutions… Read More

March 1, 2017 @ 5:13 pm By Samantha Hurst  |  

Startupbootcamp Fintech announced on Wednesday the launch of its new fintech program in Mexico City. The organization revealed that the program’s debut marks its expansion into the Latin American market and deepens our mission in supporting entrepreneurship and innovation beyond borders. Startupbootcamp also reported it has teamed up… Read More

December 29, 2016 @ 8:19 am By Erin Hobey  |  

Cofounded by Fermin Bueno and Andres Fontao who also cofounded Startupbootcamp FinTech LATAM, Finnovisita sees itself as an impact organization that accelerates fintech entrepreneurship in Spanish speaking countries, builds bridges between startups and financial institutions and facilitates the transformation of advanced financial services and the… Read More

December 8, 2016 @ 1:40 pm By Samantha Hurst  |  

Canadian international bank Scotiabank and U.S. venture capital firm QED Investors announced on Thursday their partnership and mission to bring capital and industry expertise to select Latin American fintech companies. According to the companies, QED Investors will bring its deep expertise in the financial services sector… Read More

November 5, 2016 @ 11:12 am By Samantha Hurst  |  

On Friday, Uber and Mexican fintech bank Bankaool announced they have team up to launch Uber’s first ever debit card in Latin America. The online transportation network company revealed that the Uber Bankaool card has been available since October 21st and offers users who do not have… Read More

October 27, 2016 @ 9:33 am By Erin Hobey  |  

The fintech and insurtech company IATAI Enterprises (IATAI) launched OnePocket, a frictionless and secure mobile payment method that allows customers to use Visa Checkout and in-store. The payment method was unveiled at Money20/20. Visa Checkout is an online checkout service that allows customers to make purchases from their smartphone, tablet,… Read More

September 30, 2016 @ 11:55 am By Erin Hobey  |  

Remitly, an independent mobile remittance company in the US, announced its receipt of  $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will aid in the company’s expansion to deliver international fund transfers… Read More

September 6, 2016 @ 1:53 pm By Erin Hobey  |  

When Finnovista first covered Spanish fintech in 2013, the site recorded only 50 startups in the sector; now, three years later, in its first edition of Fintech Radar Spain, the site identified 207 Spanish fintech startups, indicating the sector had quadrupled in three years, stats largely in line with fintech’s global trend. Cofounded… Read More

April 5, 2016 @ 4:05 pm By Samantha Hurst  |  

On Tuesday, payment service provider, PayU, announced it conducted an analysis on ecommerce customs and fintech potential in Latin America, Central/Eastern Europe, India, and Africa at Money20/20 Europe. Findings that are featured in PayU’s report included: High growth of ecommerce in Africa. More than 65%… Read More

March 17, 2016 @ 9:35 am By Samantha Hurst  |  

On Thursday, Argentina-based peer-to-peer (P2P) lending platform, Afluenta, announced it has secured a total of $8 million during its recent Series B funding round. Funds raised from the round were from International Finance Corporation (IFC) and Elevar Equity (each invested $4 million). Afluenta previously stated that… Read More

December 4, 2015 @ 11:24 am By Erin Hobey  |  

P2P-Banking.com’s Claus Lehmann posted a comprehensive interview this morning with Alejandro Cosentino, the CEO of Afluenta.  Afluenta, a leading marketplace lending company in Latin America (LatAm) that connects creditworthy borrowers with investors, to create more convenient loans and better investment opportunities, provides an innovative investment alternative for individuals… Read More

November 3, 2015 @ 10:34 am By Erin Hobey  |  

The Centre for Alternative Finance at University of Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation team at Chicago Booth School of Business have joined forces to initiate the  2015 Americas Alternative Finance Benchmarking Survey.  This landmark survey is the first comprehensive and empirical assessment of crowdfunding, peer-to-peer lending (marketplace lending)… Read More

July 13, 2015 @ 2:39 pm By Samantha Hurst  |  

Israeli peer-to-peer lending platform, BLender, recently announced that it has secured $5 million in funding from American venture capital firm, Blumberg. The company, which launched last fall, is looking to use the funds to expand into Western European and Latin American markets. According to its description,… Read More

May 5, 2015 @ 3:51 pm By Samantha Hurst  |  

Payments automation platform, Tipalti, announced that it has expanded international payments capabilities through several new partnerships and product upgrades. Tipalti has extended support of international ACH payments to 58 additional countries across the world, covering Latin America, Europe, Asia Pacific, Africa, and the Middle East.  With this upgrade, Tipalti’s global… Read More

January 24, 2015 @ 9:01 am By Midori Yoshimura  |  

  Crowdcredit, founded by Tomoyuki Sugiyama, a former bond trader in Lloyds Bank’s Tokyo branch, is Japan’s first lending platform focused on only cross-border peer to peer lending, as P2P-Banking.com notes. The company, based in Tokyo, invests Japanese capital in credit markets in various Latin American countries, such… Read More