Tagged: South America

Online Travel Company Despegar Launches Co-Branded Credit Card in Brazil Through Partnership With Santander & Visa

Despegar (NYSE: DESP), an online travel company in Latin America, recently announced its Brazilian subsidiary Decolar launched a co-branded credit card in partnership with Visa Inc. and Banco Santander (Brasil) S.A. for the Brazilian market. Despegar reported that a special feature of this new card… Read More

Brazilian Fintech IOUU, which Offers a P2P Lending Marketplace, Secures $1.3 Million in Funding

Brazilian Fintech firm IOUU, which offers a peer to peer (P2P) marketplace solution, has managed to secure funding from several venture capital firms. IOUU has acquired R$6 million (appr.$1.3 million) in funding from DOMO, which led the firm’s latest investment round. Indicator Capital and Devas… Read More

Burger King Venezuela Set to Accept Bitcoin Payments in 40 Restaurant Locations

Burger King in Venezuela will soon be allowing Bitcoin as a form of payment. According to Cointelegraph, a single Burger King branch, which is located in the Sambil area of Caracas, now accepts Bitcoin as well as altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB),… Read More

Brazil’s Third Largest Bank, Banco de Brasil, Partners Fintech Firm Bom pra Crédito, a Platform that Compares Personal Credit Options

Banco de Brasil (BB), the third largest bank in Brazil, has teamed up with local Fintech firm Bom pra Crédito (BPC) (an acronym in Portuguese for “Good for Credit”). BPC provides a marketplace that displays and compares the different conditions for personal credit among 36… Read More

Brazilian Digital Brokerage & Wealth Management Company XP Closes Initial Public Offering After Issuing & Selling More Than 83 Million Class A Common Shares

NASDAQ New York City

XP (Nasdaq: XP), a digital brokerage and wealth management company based in Brazil, announced on Friday it closed its initial public offering (IPO) of 83,387237 of its Class A common shares at a public offering price of $27 per share. XP reported that it issued and… Read More

Mexico-Based Challenger Bank albo Adds $19 Million Through Extended Series A Funding Round; Brings Total Amount to $26 Million

albo, a Mexico-based challenger bank that offers consumers digital accounts with prepaid Mastercards for receiving, transferring, and spending, announced on Thursday it raised an additional $19 million through its extended Series A funding round, bringing the total amount series through the investment round to $26… Read More

NovoPayment Expands Strategic Partnership With Visa in Latin America & the Caribbean

NovoPayment, an enabler of digital financial services for the Americas, announced on Tuesday it has expanded its strategic partnership with Visa in Latin America and the Caribbeans. Along with the partnership expansion, Visa has reportedly made a strategic investment in NovoPayment. NovoPayment reported that over… Read More

Mexican Challenger Bank Klar Secures $57.5 Million Through Latest Investment Rounds

Klar, a Mexico-based challenger bank, announced on Thursday it secured $7.5 million through its seed financing round. The company also reported that it raised an additional $50 million in debt funding. The latest seed round was led by Quona Capital, a fintech venture firm which leverages… Read More

Pundi X Teams Up With Traki to Enable Crypto Payments in Venezuela Stores

Singapore-based Pundi X announced on Thursday it is teaming up with department store chain Traki to enable crypto payments in its stores across Venezuela. Pundi X reported that through its software XPOS, Traki customers are able to use various cryptocurrencies as payment options for the… Read More

Mambu Signs First Brazilian Client Acesso

Mambu, a Berlin-based SaaS banking platform provider, recently announced it has formed it has signed its first Brazilian client, Acesso, a financial services company specializing in issuing and managing prepaid cards with a reputation for setting benchmarks in the country. Founded in 2010,  Acesso currently… Read More

BTG Pactual & Dalma Capital Set to Utilize Tezos For Security Token Offerings

Blockchain project Tezos Foundation announced last week that Banco BTG Pactual S.A., Latin America’s largest standalone investment bank, together with Dalma Capital, a prominent Dubai asset manager, will be using its platform for Security Token Offerings (STOs), including the ongoing REITBZ STO. Tezos reported that… Read More

Western Union Announces Expansion of International Payment Services in Colombia

The Western Union Company (NYSE: WU), a cross-border, cross-currency money platform, announced last week it has expanded its international payment services to Colombia. According to Western Union, the services being expanded are between its Western Union Business Solutions division and Acciones&Valores in Colombia, to offer the WU GlobalPay for… Read More

Ripple Continues South American Expansion By Launching Operations in Brazil

Ripple, a provider of enterprise blockchain solutions for payments, announced on Tuesday it is expanding its South America footprint by opening operations in Brazil. As part of the new location’s launch, Ripple reported it is bringing on Luiz Antonio Sacco as managing director to drive strategy… Read More

Brazilian Fintech Nubank Announces Launch in Mexico

Nubank, a Brazil-based fintech startup, announced on Wednesday its arrival in Mexico through a new subsidiary company called “Nu.” Nubank reported that this is the first time  that it will offer products outside of Brazil. The fintech’s goal is to challenge the complexity of the… Read More

N26 Set to Open New Office in Brazil

Germany-based challenger bank N26 is reportedly set to open a new office in Brazil at the beginning of March. The news comes less than two months after N26 secured $300 million through its Series D funding round, which was led by venture capital and private equity firm Insight… Read More

CoinText’s Expansion Continues: Now Allowing Users to Transact Cryptocurrency Over SMS to Colombia & The Dominican Republic

Just a little over a month after announcing the launch of its SMS bitcoin cash wallet service in Brazil, as well as three more European countries, Poland, Croatia, and Romania, CoinText.io, a wallet to transact cryptocurrency using SMS messages, announced on Monday it has expanded the services in… Read More

BitCapital Partners With Pundi X to Bring 1,000 Cryptocurrency Point-of-Sale Terminals to Brazil

BitCapital, a blockchain company with operations in OTC markets, has teamed up with Pundi X to bring 1,000 cryptocurrency point-of-sale (POS) terminals to Brazil. According to Pundi X, the terminals will be rolled out to hundreds of venues in Brazil.  While sharing details about the partnership, Zac Cheah, CEO… Read More

Dash Reports Merchant Adoption in Venezuela Exceeds All Other Cryptocurrencies Combined

Dash, a crypto for payments and e-commerce, revealed on Tuesday it is more widely used for commerce, both online and in person, throughout the country of Venezuela than every other cryptocurrency combined. According to Dash, more than 500 merchants in the country now accept Dash for… Read More

Brazil Fintech Nubank Launches Facial Biometrics “AccessoBio”

Brazilian fintech startup Nubank announced earlier this week the launch of its new facial biometrics feature, AccessoBio. According to various reports, the fintech firm will now use the AccessoBio tool to help prevent identity fraud in credit card transactions. ZDNet noted that Nubank believes the introduction of… Read More

Afluenta Celebrates Fifth Anniversary By Launching Commercial Loans to New Platform

Argentina-based peer-to-peer (P2P) lending platform Afluenta recently announced during its fifth-anniversary celebration it was launching commercial loans to the fifth version of its lending platform. According to the lender, in the latest version, it will add its own proprietary credit scoring and introduces commercial loans for people with commercial activities,… Read More

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