Tagged: South America

July 26, 2026 @ 4:13 pm By Omar Faridi  |  

Cashea, which is one of Venezuela’s financial technology firm, has secured $100 million through two recent funding rounds, drawing interest from international investors who see potential in expanding consumer lending within a long-constrained market. The capital injection underscores growing confidence in the country’s recovering consumer… Read More

June 21, 2026 @ 11:39 pm By Omar Faridi  |  

Despite Brazil’s already high level of digital payments maturity, a new assessment from Bain & Company indicates meaningful room for further expansion through the end of the decade. As of the end of 2025, digital payment methods had reached an 85% penetration rate across the… Read More

February 3, 2026 @ 10:16 pm By Omar Faridi  |  

Brazil has introduced a groundbreaking piece of legislation aimed at overhauling the rules governing its foreign exchange market and international capital flows. Signed into law by the president on December 29, 2021, and officially enacted as Law No. 14,286, this reform seeks to update and… Read More

July 13, 2025 @ 3:44 pm By Omar Faridi  |  

Tether, the issuer of the world’s largest stablecoin by market cap and global adoption, USDT, has recently announced a series of strategic initiatives that signal its commitment to advancing security, optimizing infrastructure, and promoting sustainable practices in the cryptocurrency ecosystem. These moves reflect Tether’s proactive… Read More

June 28, 2025 @ 4:10 pm By Omar Faridi  |  

Digital bank Revolut has announced its acquisition of Banco Cetelem Argentina, a modest local lender owned by French banking giant BNP Paribas. This deal marks Revolut’s entry into Argentina, South America’s second-largest economy, and underscores its strategy to penetrate emerging markets. The acquisition, reported by… Read More

April 18, 2025 @ 12:22 am By Omar Faridi  |  

Plumery, a digital banking experience platform for customer-centric banking, today announces a strategic partnership with Darien Technology, a consulting and technology firm specializing in financial services across South America and Spain. The partnership is focused on empowering banks and other financial institutions to “modernize their… Read More

December 22, 2024 @ 2:59 pm By Omar Faridi  |  

The year 2024 marked another period of consolidation and strategic growth for Brazil’s digital banking platform Nubank (NYSE: NU). The firm surpassed 100 million customers and reaffirmed its prominent position in the market by expanding its presence in the “high-income segment, pursuing international growth” with a… Read More

October 2, 2024 @ 12:02 pm By Omar Faridi  |  

Binance reveals that it has been incorporated into Argentina’s Virtual Asset Service Providers Registry by the country’s National Securities Commission (CNV), marking the digital asset exchange’s 20th regulatory milestone internationally and expanding its suite of crypto and blockchain / Web3 services to Argentina-based consumers. This… Read More

February 6, 2024 @ 12:22 pm By Omar Faridi  |  

CRISIL Ltd, which claims to among the leading global analytics companies, has reportedly set up an office in Bogotaì, Colombia in order to “provide its clients, including global investment banks, asset managers and private equity firms an efficient solution for nearshoring critical operations and services… Read More

January 26, 2024 @ 4:04 pm By Omar Faridi  |  

Nu. Colombia Financial Company, a subsidiary of Nu Holdings in the country, announced the opening of the “Launch List” for “Cuenta Nu,” its latest product, which aims to provide Colombians with a savings experience through the market’s “most competitive” offering. Cuenta Nu is a digital… Read More

January 5, 2024 @ 12:14 pm By Omar Faridi  |  

Nu Colombia, a subsidiary of Nubank (NYSE:NU) in the country, announced that the Financial Superintendence of Colombia (SFC) has officially approved its application to operate as a financing company. This achievement not only “marks a significant milestone for Nu Colombia but also paves the way… Read More

December 13, 2023 @ 2:46 pm By Omar Faridi  |  

Citi (NYSE: C) has led a strategic investment round in Supra. Far Out Ventures and H20 Capital also participated in the financing round. Supra is a Colombian fintech that “enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that participate in import… Read More

December 5, 2023 @ 9:51 pm By Omar Faridi  |  

Nubank (NYSE:NU), one of the largest digital financial services platforms, announces the expansion of Caixinhas (Money Boxes) for business account customers. Launched in July 2022 for individual users, the feature “allows financial organization and planning in an uncomplicated, customizable way, with a yield.” The feature… Read More

November 27, 2023 @ 12:14 pm By Omar Faridi  |  

Nubank (NYSE:NU) has just launched a tool to make the lives of its over 3 million SME account holders even easier. Gradually, Nu’s business customers will “be able to transfer the limit of their personal credit card to their business card.” This innovative feature allows… Read More

November 23, 2023 @ 1:56 pm By Omar Faridi  |  

The Nubank (NYSE:NU) Cripto crypto currency trading platform is currently evolving, and is announcing today five new options for Nubank customers. Over the next few weeks, gradually, the user base “will gain access to the digital currencies Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum… Read More

November 21, 2023 @ 2:27 pm By Omar Faridi  |  

On Sunday November 19, 2023, Argentina elected its next president, Javier Milei, which briefly caused “a noticeable surge in the price of Bitcoin and underscores the direct impact of political shifts on the crypto ecosystem.” Milei is a libertarian who aims to upend the economic… Read More

November 14, 2023 @ 9:09 pm By Omar Faridi  |  

Bitso —the financial services company powered by crypto in Latin America— announced the launch of its new eFX with Crypto service, which allows companies “to carry out immediate international transactions, in a regulated manner, with greater savings and security and without the need of a… Read More

November 10, 2023 @ 4:24 pm By Omar Faridi  |  

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

November 8, 2023 @ 9:47 am By Omar Faridi  |  

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

November 3, 2023 @ 2:35 pm By Omar Faridi  |  

QI Tech, the Direct Credit Company (SCD) approved by the Brazilian Central Bank, today announced an investment of US$200 million (R$1 billion) in a Series B round “led by General Atlantic, a global investor, with participation from existing investor Across Capital, which is doubling its… Read More