Tagged: mexico

SoftBank Group Corporation’s LatAm Fund Managers Shu Nyatta, Paulo Passoni Announce their Departure

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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

NanoPay Aliada Digital Card, a Fintech Product for Women, Introduced in Mexico

Un Peso 1971 Mexico

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

LatAm Fintech Nubank Strengthens Global Operations with $650M Credit Line to Support Mexico, Colombia Business Growth

Nubank My Pix Space

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

Financiera Contigo, a Mexican Lending Firm, Launches on Mintos

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Financiera Contigo (CEGE Capital), a lending firm doing business in Mexico,  will provide investment opportunities on Mintos with interest rates of “up to 12% per annum.” Financiera Contigo was founded in 2010 ​​by two brothers Allan and Emilio Cherem, who were “nominated by Forbes for… Read More

Mundi, a Firm Empowering Borderless Trade, Acquires $16M via Series A led by Union Square Ventures

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Mundi is announcing their Series A round of $16M, which has been led by Union Square Ventures. Mundi’s investment round included contributions from Upper90, FJ Labs, Base10 Partners, Exor, AndBank, Alleycorp, Operator Partners, and Gilgamesh Ventures along with fintech exec from Brex, C2FO, Bluevine, Wisetack,… Read More

Real Estate Industry Exec Mariana De Alba Joins Dignity Gold Board of Advisors

One Dollar Gold Coin In God We Trust

Dignity Gold, LLC, the US-based digital security that is taking an innovative approach to using verified gold reserves to back its security token, has appointed Marina De Alba to its Advisory Board. Dignity Gold, a blockchain development firm using security tokens and a regulation-focused approach… Read More

Mintos Reports 650,000 Loans Funded in Jan 2022, Equivalent to €128.3M, Investors Earned €3.5M+

Mintos Team

The team at Mintos has published the latest edition of Mintos Insight, which is their monthly publication that offers an overview of what’s been going on (on their platform), including commentary from their experts, recent investor activity, educational topics, and other updates. Key insights from… Read More

LatAm Fintech Belvo Shares Report on State of Open Banking in Latin America in 2022

Latam Latin America South America Brazil Map

The team at LatAm Fintech Belvo has shared an update titled the State of Open Banking in Latin America in 2022. Belvo writes in a blog post that open banking – the opening of financial markets via technology, data, and the creation of new digital… Read More

LatAm Fintech EBANX to Expand Business Operations and Portfolio in Mexican Markets

Mexico Money Peso 500

EBANX, a Latin American payments Fintech, is reportedly expanding its presence and portfolio in Mexico with the introduction of solutions focused on local online merchants. In addition to providing services to assist national firms and international platforms to expand their sales in the LatAm region,… Read More

2021 Saw Growing Appetite for Digital Payments Across Latin America: Report

Latam Latin America South America Brazil Map

Rapyd, a Fintech-as-a-Service firm, shared the results of a survey exploring the adoption of digital finance tools and e-commerce in Argentina, Colombia, Mexico, and Brazil. Even though the region has a fairly large unbanked population, the survey revealed that among those with active bank accounts,… Read More

Developers of VIP$ Coin, an “Asset Backed” Virtual Currency, in Talks with Mexican Government

Un Peso 1971 Mexico

VIP$ Coin (VIP$), which claims to be an asset backed and blockchain-powered cryptocurrency, has reportedly been holding discussions with the Mexican government in order to look into the possibility of supporting the nation’s economy with a decentralized currency. In a letter sent to VIP$ Coin’s… Read More

Latin America’s Fintech Infrastructure Provider, Dock, Acquires Cacao, a Mexican Card Processing Solutions Provider

Un Peso 1971 Mexico

Dock, a provider of modern financial technology infrastructure in Latin America, announced the completion of its acquisition of Cacao, a card processing solutions provider operating in Mexico, from now on “branded also as Dock.” The deal expands Dock’s regional presence and “advances its goal of… Read More

Mexico’s Online Lending and BNPL Service Provider, Kueski, Secures $202M in Debt and Equity

Un Peso 1971 Mexico

Mexico’s online lending platform and Buy Now, Pay Later or BNPL service provider Kueski has secured $202 million in capital via a debt and equity round that has been led by StepStone Group. Kueski claims to be the largest online consumer lender in Mexico. It… Read More

Global Fintech Jeeves and MasterCard are Providing Fully Locally-Issued Physical and Virtual Cards for Mexico’s Businesses

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Mexico is one of the fastest-growing economies in the world, but its local businesses still struggle to access credit without super-high fees and tedious paperwork. Mastercard (NYSE: MA) and Jeeves, the financial partner for Mexican businesses, have teamed up to address this issue by introducing… Read More

Overfunding: ID Finance, a Fast-Growing Fintech in Spain and Mexico, Secures €1M+ from 459 Investors via Crowdcube

ID Identification

ID Finance, which claims to be one of the fastest-growing Fintechs in Spain and Mexico, has raised 106% (€1,062,883) of its €1M fundraising target from 459 investors (at the time of writing) via Crowdcube with 3 days left in its crowdfunding campaign. After a record-setting… Read More

Mastercard Enhances Support of Latin America Real-Time Payments with Acquisition of Arcus

Latin America South America LATAM Globe Map

Mastercard (NYSE: MA) announces that it has acquired Arcus FI, an alum of the firm’s Start Path program, in order to help support the delivery of bill pay solutions and “other real-time payment applications across Latin America.” As mentioned in the announcement: “With offices in… Read More

Latam: Bitso Announces Bitso Shift Payment Service between the US and Mexico Powered by Circle’s USDC

Mexico Money Peso 500

Bitso, a top crypto platform in Latin America that reports over 3.3 million users, has launched “Bitso Shift,” a service that allows Mexican people and companies to send and receive payments between Mexico and the United States. According to Bitso, Bitso Shift is targeting Mexican… Read More

Whale Cloud, Ant Group Team Up with Toka Fintech to Enable Greater Financial Inclusion for Consumers in Mexico

Mexico Money Peso 500

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

Mexico based Credit Card Fintech Stori Secures $125M via Series C Equity Financing Round

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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

Argentina based Fintech Unicorn Ualá to Expand Operations in Mexico with Planned ABC Capital Acquisition

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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

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