Tagged: mexico

Digital Banking : Openbank Onboards Over 100,000 Clients in Mexico

Openbank, Grupo Santander’s fully digital bank, announced today that it has reached 110,000 customers in Mexico in less than four months. Since landing on Mexican shores in February, Openbank has grown strongly, which confirms “that more Mexicans are seeking digital financial solutions that fit their… Read More

Insurtech: Crabi Raises $13.6 Million in Funding Round

Mexican Insurtech Crabi has raised $13.6 million in a funding round led by Kaszek and Ignia. Other investors include 30N, Redwood, Carao, Azuro, Newtopia, and certain unnamed insiders. Crabi is pursuing an insurance model for Autos, which is said to be AI-driven. Crabi noted that… Read More

Bitso Shares Startups Participating in Global Stablecoin Accelerator

Latin American crypto firm Bitso has posted the list of participants in its global stablecoin startup accelerator, Push. Bitso said that over 300 companies applied to participate in the accelerator, with nine being approved as the first group in the Push Stablecoin Startup Accelerator. The… Read More

Bitso Launches Subsidiary to Support Digital Asset Issuance: Juno

Bitso Business, a part of Bitso that aims to provide infrastructure for other digital asset firms, says it has launched a new subsidiary called Juno. Juno aims to support the issuance and management of digital assets. Bitso did not clarify if these digital assets included… Read More

LatAm Fintech Ualá Reports $66M Series E, Eyes Mexico Expansion

Latin American fintech Ualá has raised an additional $66 million in a second close of its Series E funding round, bringing the total to $366 million. This extension saw participation from TelevisaUnivision, alongside earlier investors like Allianz X, Stone Ridge Holdings Group, Pershing Square Foundation,… Read More

Financial Infrastructure Provider Tala Announces $150M Debt Facility with Neuberger Berman

Tala, the global financial infrastructure company claiming to deliver accessible financial services, is pleased to announce the closing of a $150 million debt facility with Neuberger Berman, a global investment management firm. This facility will support the company’s rapidly growing business in Mexico. Tala intends… Read More

LatAm Fintech Infrastructure Provider Prometeo Launches Borderless Banking Solution

Prometeo, a Fintech infrastructure company connecting corporations with financial institutions in Latin America and the US, announced the launch of its Borderless Banking offering to support business-to-business (B2B) financial operations between the US and LatAm markets. This product integrates with the banking infrastructure in the… Read More

FinCEN Targets Money Service Businesses in the Southwest to Battle Mexican Cartels

FinCEN, the enforcement arm of the US Department of Treasury, is taking an interesting approach to battling nefarious activities occurring the the US. According to a public statement, FinCEN is gunning for Mexican cartels who utilize money services businesses in the Southwest of the country…. Read More

Clara Teams Up with Regtech Sumsub to Accelerate Clients’ Business Growth Across LatAm

Clara will now aim to offer its customers throughout Mexico, Colombia and Brazil Sumsub’s “full-cycle” verification platform and KYC/AML compliance expertise. Sumsub, a verification and compliance solutions provider, announced its partnership with Clara, the solution in Latin America for corporate expense management. This alliance will… Read More

Global Fintech Wise Adds Mexico Market to List of Countries Served

Global payments and transfers Fintech Wise says it has entered Mexico to provide services. Wise said it would enable Mexicans to send money internationally while bolstering the financial corridor to the US. As well, Wise will support 40 different currencies and 160 different countries via… Read More

Airwallex Invests in LatAm Growth with Expansion into Brazil and Mexico

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More

Paymentology Teams Up with Mexico’s Digital Bank albo

Paymentology, a platform that provides APIs for firms to issue cards and process them anywhere in the world quickly, has announced a partnership with Mexico-based digital bank albo, aimed at accelerating its growth and strengthening its position across personal and business finance. Established back in 2016 and… Read More

Fintech VC QED Leads $30 Million Series B for minu

Minu, an employee wellness platform in Mexico, has raised $30 million Series B. Noted Fintech VC QED Investors led the funding round along with the participation of new investors Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies, and Working Capital… Read More

Unlimit and Pagaloop to Streamline Expense Management for SMBs in Mexico

Unlimit, the global fintech company, has announced its partnership with Pagaloop, a Latin American B2B payments and cash flow management platform. The partnership will aim to focus on strengthening the Pagaloop app’s credit and debit card processing capabilities and ensuring high approval rates to facilitate… Read More

Nu México Launches New Features in Cuenta Nu and Credit Card Products

Nu México, which claims to be a transparent, clear and human digital finance company, has recently announced the implementation of various features in Cuenta Nu and its credit card product. As noted in a blog post by Nubank (NYSE: NU), these latest features are reportedly… Read More

LatAm Payments Fintech Kuady Expands Digital Wallet Services into Mexico

Kuady, a payments service processor, has recnetly announced the expansion of its digital wallet services into Mexico, a move that is further building on its  rollout in Peru, Chile as well as Argentina. This latest business expansion effort offers a seamless and secure experience for… Read More

Trojan Attacks: Kaspersky Research and Analysis Team Identifies Grandoreiro Malware Targeting Banks in Mexico

Despite the arrest of key operators in early 2024, Grandoreiro continues to be used by its partners in new campaigns. Kaspersky Global Research and Analysis team (GReAT) has reportedly “discovered a new light version focused on Mexico, targeting around 30 banks.” These findings are to… Read More

Circle Announces Availability of Stablecoin USDC in Brazil, Mexico via National Payment Systems with Local Currency

USDC is now available in Brazil and Mexico through national payment systems, with local currency. Fiat transfers through real-time payment systems accelerate “access to digital dollars.”: Since Circle’s founding more than a decade ago, it’s been their mission “to harness the power of blockchain networks… Read More

UltraDinero from Mexico Begins Offering Loans via PeerBerry

UltraDinero from Mexico has started to offer loans on PeerBerry. Aventus Group lender UltraDinero from Mexico starts “offering short-term loans on the PeerBerry platform.” Mexican loans are backed with a buyback and “a group guarantee and will generate a 9% annual return to PeerBerry investors.”… Read More

ACI Worldwide and Mexipay to Enhance Instant Payments Adoption in Mexico

ACI Worldwide, an original innovator in global payments technology, and Mexipay, a leading Mexican financial technology company, have announced the extension of their partnership to enhance Mexico’s real-time payments ecosystem, “with the aim of driving instant payments adoption and boosting economic growth and financial inclusion… Read More

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