Tagged: South America

May 17, 2022 @ 11:37 pm By Omar Faridi  |  

Experian, the global information services company, is pleased to confirm that it has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A., a Fintech in Brazil that helps equip any company, including non-banks, “with the expertise and technology to perform data-driven credit assessments of… Read More

May 12, 2022 @ 10:07 pm By Omar Faridi  |  

The Agri-Business Capital Fund (ABC Fund) recently revealed that it has finalized $3 million loan to Colombia-headquartered Finamiga, which mainly focuses on lending to small farmers as well as independent workers. As mentioned in the update, the lending brings the Fund’s total number of investments… Read More

May 2, 2022 @ 6:04 pm By Omar Faridi  |  

C6 Bank clients are now able to use Samsung Pay in order to make purchases “without the physical card.” C6 Bank customers can now “register their C6, C6 Platinum, C6 Carbon and C6 Business cards in Samsung Pay.” Samsung’s service “allows users to make contactless… Read More

April 18, 2022 @ 8:12 am By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, and VTEX, a digital commerce platform for large firms and retailers, has announced a partnership aimed at “broadening cross-border payments for Brazilian e-commerce companies in Latin America.” Via this collaboration, Brazilian firms will be able to enjoy… Read More

April 8, 2022 @ 5:39 pm By Omar Faridi  |  

PayRetailers, the LatAm Fintech payment specialist, has announced the acquisition of two online payments platforms, Chile’s Paygol and Colombia’s Pago Digital. The two acquisitions “strengthen PayRetailers’ breadth and depth as the company moves to realise the potential of e-commerce payments across Latin America.” Paygol and… Read More

March 26, 2022 @ 9:30 pm By Omar Faridi  |  

Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing, marking a key milestone for entrepreneurship in the region. Supported by well-known investors… Read More

March 11, 2022 @ 8:17 am By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, has introduced a brand new positioning and design. Created in “celebration” of its 10-year anniversary in February, the latest branding “marks the expansion of the company’s global teams located in regions such as Asia, Europe, and the… Read More

February 27, 2022 @ 7:34 pm By Omar Faridi  |  

C6 Bank clients who have a global account with a US dollar or Euro balance are now able to withdraw cash from Chase ATMs free of charge beginning on February 24, 2022. The ATM network is available in the US and has over 16,000 units… Read More

February 11, 2022 @ 3:37 pm By Omar Faridi  |  

EBANX, the payments platform in Latin America, is celebrating 10 years since its founding as it closes in on a key milestone of 1 billion transactions processed across 15 different countries. The Brazilian Fintech firm, co-founded by Alphonse Voigt, João Del Valle and Wagner Ruiz… Read More

February 10, 2022 @ 5:51 pm By Omar Faridi  |  

Surecomp has announced that Banco Pichincha – Ecuador’s financial institution with $4.5 billion in assets – has chosen its trade finance processing tech for front-to-back-office operations. The bank will deploy Surecomp’s Cloud-enabled Trade Finance-as-a-Service (TFaaS) solution “to support the growth of current and future trade… Read More

February 8, 2022 @ 8:21 pm By Omar Faridi  |  

Newt Corporation, an integrated platform for digital financial services, announced that it has entered into a service agreement with Belvo Open Banking API Platform to service its lending-as-a-service (LaaS) offering across North America. Under the terms of the Agreement, Belvo offers Newt with a tech… Read More

February 5, 2022 @ 4:19 pm By Omar Faridi  |  

EBANX, a payments Fintech with an international presence, announced the appointment of Paula Bellizia as the Brazilian unicorn’s partner and president of Global Payments. She will be responsible for leading the Fintech company’s international teams of Sales, Marketing, Operations and Expansion, presently located across the… Read More

February 4, 2022 @ 3:26 pm By Omar Faridi  |  

Tribal, a B2B payments and financing platform for emerging markets, has secured $60M in Series B funding led by SoftBank Latin America Fund. Coinbase Ventures also participated in the investment round, which included contributions from existing investors BECO Capital, QED Investors, and Rising Tide. In… Read More

February 2, 2022 @ 6:04 pm By Omar Faridi  |  

Open Banking in Brazil marked its first anniversary on February 1, 2022 – and the South American nation is looking set to strengthen its position as a (maybe unlikely) open banking pioneer. The Brazilian reserve bank’s phased approach is considered to be a success, through… Read More

February 2, 2022 @ 8:30 am By Omar Faridi  |  

Chivo, which claims to be the world’s first national cryptocurrency wallet, is currently operating with AlphaPoint white label infrastructure. AlphaPoint, which offers fast, scalable financial technology to institutions internationally, is helping El Salvador to provide financial services and access to Bitcoin for almost 4.5 million… Read More

February 1, 2022 @ 4:23 pm By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, recently announced the completion of its SafetyPay acquisition. SafetyPay is a payments platform operating mainly in Latin America that enables digital commerce transfers through an extensive choice of Open Banking and eCash solutions. For Paysafe, this transaction solidifies its… Read More

January 24, 2022 @ 4:36 pm By Omar Faridi  |  

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

January 24, 2022 @ 12:33 pm By Omar Faridi  |  

C6 Bank Mastercard clients who are in Caraíva (Bahia) this summer season will be able to practice beach tennis in “exclusive” spaces, in addition to enjoying various other benefits. As mentioned in an update from C6 Bank, the courts and equipment to practice the sport,… Read More

January 11, 2022 @ 12:59 am By Omar Faridi  |  

Azimo, a firm that claims to enable faster, cheaper global money transfers, has explained that Abono Automático (or automatic deposit) is a legal requirement that Bancolombia customers have to “enable before receiving Colombian pesos (COP) from overseas.” After that, users may deposit COP directly into… Read More

January 4, 2022 @ 2:43 pm By Omar Faridi  |  

C6 Bank‘s automatic-payment system is reportedly one of the fastest growing online platforms in Brazil. The C6 Bank began offering financial services in August 2019. The digital banking platform has introduced C6 tag, which has helped with accelerating growth for the firm. In around 2… Read More