Klar, a Mexico-based challenger bank, announced on Monday it secured $15 million through its Series A funding round, which was led by Prosus Ventures with participation from new investor International Finance Corporation and former investors Quona capital, who led Klar’s seed round, Mouro Capital (formerly Santander… Read More
Bnext, a Spain based neo-bank that has raised over €22 million in funding, has partnered with Rapyd, a Fintech as a Service company, to expand services across Latin America. According to a release, Bnext customers will be able to make deposits into their accounts at… Read More
For the first time ever (in September 2019), giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division provided a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. As reported last year, the funds were to be directed toward Konfio’s business… Read More
Fintech firm Zenda.la has reportedly become the first Mexican company to get accepted to the IBM Hyper Protect Accelerator program, which is conducted through a partnership with Village Capital. Zenda’s management says that being accepted into the tech giant’s program is “especially relevant as we… Read More
U.S./Mexico fintech Oyster Financial recently announced secured $14 million through its latest seed funding round, which was led by Monashees and SV Latam Capital with participation from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint Ventures, S7 Ventures, and Ulu Ventures. The funding will go towards the company’s expansion into Mexico. Founded in… Read More
Mexico’s Übank, the provider of an automated savings solution that allows consumers to save based on their lifestyle and everyday expenses, is planning to expand its operations into the US in 2021. Übank claims that it uses innovative savings strategies. Its app can “transform” daily… Read More
TransferMate, a cross-border B2B payments technology solution, announced on Thursday it scored a significant boost to its international footprint, securing a new payments license in Mexico. According to TransferMate, the license marks a major milestone on the platform’s global growth journey. Founded in 2008, TransferMate… Read More
PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday it has launched its services in Mexico. As previously reported, PaySafeCard claims it has become a global market leader in online prepaid payment methods and part of the portfolio of payment… Read More
WorldRemit announced on Thursday it has formed partnerships with Mexico-based neobanks albo and Klar. According to Jorge Godinez, Head of LATAM at WorldRemit, the UK based Fintech is considered the first money transfer company to enable transfers to albo and Klar. While speaking about the collaboration… Read More
Dash has teamed up with Taurus.io, a Mexican digital asset exchange, in order to launch a cryptocurrency based Visa debit card in Latin American markets. The card will only be offered to Taurus’ customers in Mexico (for now). The crypto debit card will reportedly be… Read More
Flat.mx, a Mexico-based prop tech startup, has reportedly secured $25 million in debt financing from Arc Labs. Founded in 2019, Flat.mx claims it is flipping the way homes are sold in Mexico. “With a deep layer of technology and data, Flat simplifies the painful process… Read More
Auriga, an Italy-based company specializing in omnichannel banking solutions, announced on Tuesday the opening of its two new branches in Spain and Mexico, following its international expansion strategy. Founded in 1992, Auriga describes itself as a software solutions company that specializes in end-to-end systems that integrate… Read More
Bitso, one of Latin America’s largest digital asset exchanges, has reportedly reached 1 million users before its planned launch in Brazil. Santiago Alvarado, director of international payments at Bitso, recently talked about how cryptocurrencies might help with settling cross-border transactions in Latin America. Alvarado, whose… Read More
Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has launched its all-in-one payment integrated solution in Mexico. This news comes just a little over a month after the company launched its solution in the UK. According to Rapyd, the solution… Read More
Mexico has been able to strategically position itself as a leading financial technology hub by serving as a gateway for the booming Latin American Fintech sector. The Mexican government enacted the nation’s progressive and comprehensive Fintech Law back in March 2018. It has reportedly been… Read More
Companies from the insurance sector continue to develop products and services for tech-savvy younger clients including millennials and Generation Z consumers. Mexican Fintech firm Zenda.la has introduced an insurance product with pricing that adjusts to each individual consumers’ specific requirements and financial status. Zenda recently… Read More
Increasing financial inclusion is a high-priority goal of many countries because it has a widespread positive impact. Studies show that expanding financial inclusion enables seven of the 17 Sustainable Development Goals, with more financial stability leading to improved social conditions, community development, and economic growth…. Read More
Carlos Valderrama, managing partner at law firm Legal Paradox, reveals that there are about 640 active Fintech platforms based in Mexico. The trillion-dollar economy has introduced regulations that aim to support its booming Fintech sector. The nation’s authorities are currently reviewing applications from several financial… Read More
Although Latin America (LatAm) may have introduced Fintech services after they had been established in more advanced economies like the US and in Europe, the region is growing fast because of the launch of several financial technology initiatives. While it may be difficult to accurately… Read More
Barcelona’s Fintech firm Belvo has secured $10 million in capital, in order to recruit between 40-50 new project developers. Belvo is also planning to establish business offices in Sao Paulo, Brazil. Y Combinator-backed Belvo maintains its second major hub and primary market in Mexico… Read More
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