Top crypto trading platform Bitso says it has surpassed 6 million users in Latin America while claiming it is in the midst of a growth spurt the fastest they have seen since its inception in 2014. Bitso states that in the past year, it has… Read More
Read more in: Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged bitso, latam, latin america, mexico
Trulioo, a global identity verification company, has updated its coverage across Latin America, “expanding access to the Dominican Republic and Uruguay and significantly strengthening data sources in Colombia and Mexico.” Those additions “bolster the company’s ability to serve customers streamlining operations in Latin America or… Read More
Read more in: Global, Regtech & Legaltech | Tagged Business Expansion, colombia, digital identity, id verification, identity verification, latam, latin america, mexico, michael ramsbacker, trulioo, uruguay
Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, announces that it is “launching its unified commerce solution in Mexico.” Bolstered by the company’s recently enabled full acquiring capabilities in the country, Adyen can now “maintain end-to-end control of the payment… Read More
Read more in: Global, Fintech | Tagged adyen, kamran zaki, latam, mexico
Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More
Read more in: Fintech, Global | Tagged argentina, banking, Business Expansion, colombia, digital banking, fintech adoption, fintech trends, latam, latin america, mexico, Pierpaolo Barbieri, South America, virtual banking
Inswitch, a Fintech technology company with a focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered “to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC.” Inswitch will “start issuing cards as a Mastercard… Read More
Read more in: Fintech | Tagged banking, central america, digital transactions, embedded payments, financial services, fintech adoption, inswitch, mastercard, mexico, ronald alvarenga
Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More
Read more in: Fintech, Global | Tagged brazil, colombia, customer acquisition, david vêlez, financial services, fintech adoption, fintech trends, latam, latin america, mexico, milestone, nubank, progress report, South America
Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More
Read more in: Global, Blockchain & Digital Assets, Fintech | Tagged Business Expansion, fund transfers, global payments, investment round, latam, latin america, mexico, payments, scott tobin, stablecoin, stablecoins, united states, us
Financiera Contigo (CEGE Capital), one of the largest Mexican microfinance loan providers, is now offering a cashback for investors on Mintos – “for a limited time only.” For Notes with a remaining term of 2 months 0 days or more, you can earn a cashback… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged cashback, financiera contigo, lending, loans, mexico, microfinance, mintos, notes
Top Latin American crypto exchange Bitso is collaborating with Africhange, an African-Canadian remittance platform that aims to enable payments cross-border from Canada to Mexico. According to a corporate statement, Africhange first focused on transfers between Canada and Nigeria – having processed around CAD 70 million…. Read More
Read more in: Blockchain & Digital Assets, Canada, Global | Tagged bitso, carlos lovera, mexico, transfers
Leading Latin American crypto platform Bitso says it has added ETH to Bitso+, a yield platform that allows users to generate income on parked funds. Previously, Bitso allowed Bitcoin holders and dollar stablecoin holders to generate income but Bitso has now added ETH. Bitso+ was… Read More
Read more in: Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged Bárbara González Briseño, bitso, eth, ethereum, mexico
Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More
Read more in: Fintech, Global | Tagged apis, belvo, citi, citi ventures, latam, latin america, mexico, mexico city, open banking, open finance, pablo viguera, sinead oconnor, visa
Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More
Read more in: Fintech, Blockchain & Digital Assets, Global | Tagged bitso, bob reid, Cross-Border Transactions, crypto payments, custody, custody solutions, europe, everest, latam, latin america, mexico, payments, remittance, remittances, santiago alvarado, singapore, South America, southeast asia, stablecoin, stablecoins
Paystand, the provider of blockchain-enabled accounts receivable and B2B payments, announced the acquisition of Yaydoo, a firm focused on accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The deal represents “one of the biggest technology unions in Mexico and LATAM and… Read More
Read more in: Fintech, Blockchain & Digital Assets, Global | Tagged accounts payable, accounts receivable, acquisition, b2b, b2b payments, cash flow management, dlt, Jeremy Almond, latam, latin america, mexico, payments, paystand
Stori, a “rapidly growing” fintech company offering credit card products to Mexico’s underserved population, recently announced its latest round of financing of $150 million, which “values the company at $1.2 billion.” As a result of this latest investment round, Stori now “joins a select group… Read More
Read more in: Fintech, Global | Tagged bin chen, financial services, fintech adoption, fintech trends, Hans Tung, investment round, latam, latin america, marlene garayzar, mexico, stori
BPC, the international payments solution provider, has been selected as partner by NanoPay in Mexico, and has launched its anti-fraud solution SmartVista in order to safeguard credit card transfers for its clients. Daniel Hernández, Business Development Director and Country Manager Mexico at BPC, said: “The… Read More
Read more in: Fintech, Global | Tagged BPC, credit cards, digital transactions, fraud, fraudulent activities, international payments, jose luis mateos, latam, latin america, mexico, nanopay, payments
Kueski, which claims to be one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, announced the appointment of Sung Hae Kim as the company’s Chief People Officer. Kim’s main objectives are “to promote Mexico as a technology and… Read More
Read more in: Fintech, Global | Tagged adalberto flores, bnpl, buy now pay later, consumer lending, digital financial services, financial services, kueski, mexico, new appointments
Bitso, a Mexico-based crypto platform that claims to be the leading platform of its kind in Latin America, says it has completed $1 billion in remittances during the first 6 months of 2022. This represents 4X the same period in 2021. Currently, Bitso claims over… Read More
Read more in: Global, Blockchain & Digital Assets, Fintech | Tagged bitso, carlos lovera, latam, latin america, mexico, remittances, transfers
Tether, issuer of the world’s largest stablecoin by market cap (USDT), has launched another stablecoin – this time pegged 1 to 1 to the Mexican Peso. Tether did not provide details on how the 1 to 1 peg is managed or whether the Mexican currency… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged mexico, paolo ardoino, stablecoins, tehter
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
Read more in: Fintech, Global | Tagged latam, latin america, marcelo claure, masayoshi son, mexico, mexico city, rajeev misra, shu nyatta, softbank, softbank group, vision fund
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
Read more in: Fintech, Global | Tagged digital financial services, financial services, fintech adoption, fintech trends, jose luis mateos, latam, latin america, laura cruz, mexico, nanopay, women
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