Tagged: South America

September 2, 2022 @ 11:58 am By Omar Faridi  |  

C6 Bank is offering special conditions for the purchase of airline tickets “with Atoms points through the bank’s application.” Between the 24th and 26th of August, the bank’s customers had been able to purchase national and international flights “at different prices through C6 Travel, an… Read More

August 22, 2022 @ 11:00 am By Omar Faridi  |  

Prometeo Open Banking, which claims to be the leading Latin American Open Banking platform, announced the launch of the first Account to Account (A2A) payments solution in Latin American markets. As noted in an update shared with Crowdfund Insider, Prometeo‘s new payment service “provides a… Read More

August 21, 2022 @ 5:17 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that this latest update was prepared according to global “best practices” for publishing information on economic, social and environmental impact. In the midst of celebrating its three-year launch, C6 Bank has published the 2021 Annual Report. Available in the Documents section… Read More

August 19, 2022 @ 10:17 pm By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and cryptocurrency solutions, announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, “the first bank in Latin America to utilize ODL.” Travelex is the first bank registered and “approved by the Central Bank of Brazil… Read More

August 9, 2022 @ 9:38 pm By Omar Faridi  |  

Geopagos, the payment acceptance infrastructure that claims to have the most “comprehensive” omnichannel offering in LatAm, recently revealed that it has acquired $35 million in equity funding via a round led by Riverwood Capital, an international investor in high-growth tech firms, along with contributions from… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

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

August 4, 2022 @ 9:01 am By Omar Faridi  |  

MercadoLibre, Inc. (Nasdaq: MELI), which claims to be Latin America’s leading e-commerce technology company, reported financial results “for the quarter ended June 30, 2022.” The company hosted an earnings video as well as a conference call and audio webcast “for any questions that investors may… Read More

August 2, 2022 @ 11:46 am By Omar Faridi  |  

In yet another initiative with the goal of transforming consumers’ financial lives via education, Brazil’s C6 Bank is promoting the second edition of the Financial Expedition, a project that takes free workshops “to communities in small municipalities.” This edition takes place between the 9th and… Read More

July 12, 2022 @ 6:42 pm By Omar Faridi  |  

Brazil’s secured lending platform Creditas is getting ready to expand its product offering, after obtaining a banking license as well as a mortgage marketplace. The company is reportedly acquiring Brazil‘s banking license of Andorra’s Banco Andbank, allowing it to take customer deposits. As part of… Read More

July 12, 2022 @ 8:53 am By Omar Faridi  |  

The Latin American digital asset exchange Bitso has introduced a cryptocurrency remittance service in Colombia. The service, which should enable individual consumers and businesses to send and receive “digital dollars,” is reportedly one of the first crypto-based remittance products offered in Colombia to date, according… Read More

July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More

June 18, 2022 @ 1:54 pm By Omar Faridi  |  

Visa (NYSE: V) has introduced Latin America’s first crypto cards, through partner firms based in Brazil and Argentina. Working cooperatively with Fintech startups and other companies in the region, Visa will reportedly issue cards that allow consumers to receive Bitcoin (BTC) cashback with each  payment… Read More

June 3, 2022 @ 8:17 am By Omar Faridi  |  

Bexs Pay, which claims to be a “pioneer” in offering cross-border transactions, has entered a partnership in order to provide Brazilian consumers with convenient access to global products and services. Bexs Pay will, from now on, be responsible for transfers via NuPay, which is Nubank’s… Read More

May 30, 2022 @ 8:20 am By Omar Faridi  |  

C6 Bank has an “exclusive” promotion for new subscribers to the Atoms C6 Platinum points accelerator plan. Customers of the C6 Platinum card who subscribe to the points accelerator plan “will have the monthly fee charged for the first three months reversed in the following… Read More

May 25, 2022 @ 2:51 pm By Omar Faridi  |  

Mercado Bitcoin, which claims to be the largest exchange in Latin America, has teamed up with the Stellar Development Foundation (SDF) in order to develop one of the nine projects selected for the LIFT Challenge Real Digital, “a collaborative environment carried out by the Central… Read More

May 22, 2022 @ 4:35 pm By Omar Faridi  |  

C6 Bank has announced that it recently added new equity investment options to its C6 Invest platform. From now on, clients who were already able to trade mini dollar and index (Ibovespa) contracts since August last year “can also trade full futures contracts on the… Read More

May 20, 2022 @ 8:23 am By Omar Faridi  |  

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 18, 2022 @ 10:36 pm By Omar Faridi  |  

Foley & Lardner LLP recently represented Nomad, a Latin American Fintech firm that enables Brazilian consumers to maintain bank accounts in the United States, in its $32 million (R$160 million) financing. The Fintech company’s investment round was led by Stripe, followed by monashees, Spark Capital,… Read More

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