Region: LatAm

Wallib Launches Colombia's First VISA Debit Card

In a significant announcement, Wallib, Colombia's leading fintech firm, has unveiled its first VISA debit card. This milestone marks a considerable step forward in democratizing access to Bitcoin a...

PagHiper Gets Approval from Central Bank to Operate as a Payment Institution

Brazilian fintech firm, PagHiper, specializing in Pix and bank receipts for e-commerce, has been approved by the Central Bank to function as a payment institution (PI). The authorization enables it...

Bold, Colombian Fintech Firm, Raises $50 Million in Series C Funding

Colombian fintech startup, Bold, has successfully secured $50 million in a recent Series C funding round, led by General Atlantic. This comes two years after its previous $55 million Series B round.

Dapp Receives Authorization to Operate as a Brokerage Administrator

The National Banking and Securities Commission (CNBV) has granted authorization to Dapp, a network that connects businesses with various payment methods, to operate as a brokerage administrator. Th...

Tapi and Littio Form Strategic Alliance to Enhance Payment Experience in Colombia

Tapi, a leading cross-border payment platform, and Littio, the global multi-currency account, have announced a strategic partnership aimed at delivering a simpler and quicker payment experience for...

Traive Secures $20M Investment, Aims on Expansion

The fintech startup Traive has successfully raised $20 million in an investment round, with participation from Banco do Brasil and current investors. The bank made its contribution through the BB I...

Uruguayan Fintech Datanomik Authorized by Central Bank to Operate in Brazil

Uruguayan fintech firm Datanomik, specializing in B2B-focused Open Banking, has recently received authorization from the Central Bank (BC) to operate as a payment institution (IP) in Brazil. This a...

Ualá Celebrates Two Years in Colombia

Ualá, the first tech-based company to obtain a financing company license from the Colombian Financial Superintendence, is celebrating its second anniversary in Colombia. With more than 400,000 user...

Digital Financial Entities Facilitate Financial Inclusion in Colombia, Says Inmark Study

Inmark, a leading market research and trends analysis company, has released the results of its latest study on the Financial Behavior of Individuals in Colombia for 2023. This year, the findings ha...

Tanner Digital Bank Receives Provisional Authorization from CMF

Chile's Financial Market Commission (CMF) announced that Tanner Servicios Financieros S.A., the future parent company of Tanner Digital Bank, has received provisional authorization to proceed with ...

Bonanza to Launch Virtual Credit Cards Powered by Pomelo

Mexican platform Bonanza, known for helping individuals build credit histories through financial education without accruing debt, is set to roll out three virtual credit cards powered by Pomelo.

BRLA Digital Secures Additional Investment from 99 Capital

BRLA Digital, a player in the cross-border payments and crypto infrastructure market, has secured additional funding from 99 Capital in its pre-seed round. This investment, spearheaded by Dave Wang...

Crypto Adoption in Latin America Accelerates: Xapo Bank at the Forefront

Crypto adoption in Latin America, particularly in Argentina and Mexico, is surging according to Seamus Rocca, CEO of Xapo Bank. Although the region's crypto economy is comparatively smaller, the cr...

dLocal and eSky Group Expand Partnership to Boost Payment Solutions in LATAM and Africa

dLocal, a leading cross-border payment platform, and eSky Group, a prominent travel platform owner in Central and Eastern Europe (CEE), have announced plans to extend their successful collaboration...

Mesfix Unveils New Crowdfactoring Investment Model

Colombian fintech leader, Mesfix, has launched a crowdfactoring investment model, Mesfix by Plataform, aimed at redefining financial rules and allowing companies to invest in other companies' invoi...

Transfeera Secures Central Bank Approval to Operate as Payment Institution

Transfeera, a financial technology company providing payment infrastructure for businesses, has gained authorization from the Central Bank to function as an electronic currency issuer. This new sta...

RapiCredit Receives $7 Million Injection to Meet Microcredit Demand

Colombian fintech firm, RapiCredit, has received a $7 million investment boost to meet the increasing demand for microcredits. The funds were acquired through a portfolio purchase by New York-based...

Data Rudder Raises R$10 Million in Series A Round

Data Rudder, a techfin startup specializing in fraud prevention for PIX transactions, has raised R$10 million in its Series A funding round. The round was led by L4 Venture Builder, an independent ...

Pix: Transforming Brazil's Financial Landscape

In just three years since its inception, Pix, Brazil's innovative payment system, has registered a staggering 156 million users and processed over 4 billion transactions. These totaled an impressiv...

Jeeves Expands Solutions to Include Prepaid Cards and Cross-Border Payments

Jeeves, the global financial operating system leading in expense management for worldwide businesses, has announced the expansion of its product range to include prepaid cards and cross-border paym...

Hapi Aims to Democratize Stock Investment in Latin America

Hapi, a wealthtech company founded by three Peruvians in the United States, continues to strive towards its goal of democratizing stock investment in Latin America. In September, the firm secured a...

Juros Baixos Launches Credit Marketplace API

The fintech Juros Baixos has announced the launch of a credit marketplace API (Application Programming Interface). This new offering is already being utilized by startups from the Joint Venture cre...

Fitch Ratings Recognizes Liquitech as the First Non-Bank Factoring Company in Colombia

Global firm Fitch Ratings has awarded Liquitech its first rating as a primary originator of credit assets. This provides a testament to the company's efforts towards transactional excellence, trans...

dLocal and Jeeves Form Strategic Partnership for Cross-Border Payments

The cross-border payment platform, dLocal, has announced a strategic partnership with Jeeves, a global financial technology platform. The collaboration is intended to facilitate secure client payme...

PagBank and Agibank Achieve Milestone with First Interbank Transfer Using Drex

PagBank and Agibank have recently completed the first interbank transfer using the Drex platform by Real Digital. The trial included the creation of a wallet, asset depositing, and the sending and ...

Itaú Takes a 40% Stake in Handy as Part of Digital Inclusion Strategy in Uruguay

The international bank, Itaú, has acquired a 40% stake in the Uruguayan paytech company, Handy, as part of their strategy to promote digital inclusion in the country. The collaboration aims to offe...

GoPass Raises $15M in Funding Round Led by Kaszek Ventures

GoPass, a comprehensive payment ecosystem for toll booths, gas stations, car wash services, and more, has secured $15M in a funding round led by Kaszek Ventures. The funds are set to enhance the di...

QI Tech Acquires Brazilian Stockbroker Singulare

QI Tech, a Brazilian fintech specializing in infrastructure for financial services, is set to acquire 100% of Singulare, a leading Brazilian stockbroker. The companies did not disclose the value or...

Chilean Property Firm Legria Secures $3.4M Funding

Chilean real estate company, Legria, secured a funding of $3.4 million through Ameris Capital. The funds are intended to enable the company to purchase properties in strategic locations across Chil...

Credix Secures $60 Million Credit Facility

Latin America's leading financing platform, Credix, recently announced the closure of a $60 million credit facility. This significant development was possible through a partnership with a US-based ...

CondoConta Secures US$13.2 Million in Series A Funding

Just over a month after a R$30 million investment from EXT Capital, CondoConta, a leading fintech specializing in condominium finance, has secured a Series A funding round of US$13.2 million (appro...

Belvo Introduces New Payment Solutions in Mexico and Colombia

Belvo, a leader in open finance technology in Latin America, has unveiled innovative payment solutions in both Mexico and Colombia. These solutions are set to reshape how businesses manage recurrin...

Zoop Receives Authorization from Brazilian Central Bank

Leading Brazilian fintech Zoop has been authorized by the local Central Bank as a Payment Institution (Instituição de Pagamento (IP)) and an electronic currency issuer (EMI). This significant devel...

CNBV Grants Approval to Two New Fintech Companies

The National Banking and Securities Commission (CNBV) has approved two new financial technology firms, Klu Tech, S.A.P.I de C.V. (Klu) and XC Networks, S.A. de C.V. (commercially known as Pagando),...

iugu Announces R$71.25 Million Contribution in New FIDC Series

Bradesco BBI is leading a deal in which iugu, a cash management and payment automation platform, contributes R$71.25 million to a new series of senior installments in FIDC iugu. This move was previ...

Mercado Pago Secures $466 Million Financing from Citi Subsidiaries

Mercado Pago, the digital bank of Mercado Livre, has just received a private financing line of $466 million through its financial institution, Mercado Crédito. The funding comes from subsidiaries o...

Jeeves and Bexs Launch Brazil's First Fully Digital B2B Payment Platform

In a significant technological leap, Jeeves, a global expense management and cross-border payments platform, has forged a strategic alliance with Bexs, a leading bank in the field of FX and digital...

SoFi Technologies Insider Transactions: A Brief Analysis

SoFi Technologies, Inc.'s (NASDAQ:SOFI) shareholders might be somewhat perturbed by the recent sale of a substantial amount of stock by the company's Chief Risk Officer and Global Head of Operation...

Caribbean Fintech WiPay Group Expands to Colombia

Caribbean fintech powerhouse, WiPay Group, is making a strategic move into South America with its entry into the Colombian market. This expansion is aimed at revolutionizing financial services and ...

Nomad Announces Strategic Partnership for New Credit Card Launch

Nomad, Brazil's largest digital card account and dollar investment solution provider, has announced a strategic partnership for its upcoming credit card launch in 2024. The new credit card aims to ...

Fintech Startup Bamboo Obtains License to Act as Independent Coordinator of Public Offerings

Brazilian fintech Bamboo has been granted a license to function as an independent coordinator of public offerings, making it the first startup to receive such authorization. The startup's license t...

Argentina Fintech Forum 2023: Key Discussions on Trends, Regulations, and Open Banking

The Argentine fintech ecosystem is set to shine as the Argentina Fintech Forum 2023 calls upon leaders from the sector to discuss emerging trends, regulations, and the concept of open banking.

Google Launches Mobile Payment Service in Peru

Google has unveiled its contactless payment service in Peru, utilizing its digital wallet. This allows any Android smartphone user to download the application and make payments at any establishment...

Axify Shakes Up Retail Sector with Innovative Payment Model

Axify, a startup co-founded by Rodolfo Valdés and Sofía Robles, is making significant strides with its unique "buy now, pay later" model. This prepaid system offers an intelligent alternative to tr...

Prometeo Fintech Introduces Real-Time Payments via Links and QR Codes

Prometeo, a leading fintech firm, has announced the launch of a new account-to-account service via links and QR codes, following in the footsteps of major banks in the country.

Finkargo Raises $20 Million in Series A Funding Round

Finkargo, a fintech founded by Colombians Tomás Shuk, Santiago Molina, and Andrés Ferrer, has just raised $20 million in a Series A investment round. The company finances purchases of goods for imp...

Tpaga Readies for Central America Expansion

Colombian paytech platform Tpaga, co-founded by Andrés Gutiérrez and Juan Salcedo, is preparing for its expansion into Central America. Gutiérrez and Salcedo, previously behind the taxi app Tappsi,...

StoneX Receives Authorization to Operate in Colombia's Electronic Payments Industry

In a significant development for Colombia's digital payments sector, the country's financial regulatory authority, Superintendencia Financiera de Colombia, has granted operating authorization to St...

Colombia's Central Bank Establishes Framework for Instant Transfer System

The Central Bank of the Republic of Colombia has established the groundwork for the country's instant transfer system. This new mechanism, inspired by the Brazilian Pix platform, aims to end relian...

R5 Secures Funding to Boost Credit Offerings

Colombian fintech firm R5 has received an undisclosed investment from UK fund Lendable. The funding is part of a debt deal designed to expand R5's credit offerings related to buying used vehicles. ...

Belvo Launches New Open Finance Product in Mexico

Latin America's leading open finance platform, Belvo, has announced the release of a new product that will facilitate recurring charges via bank domiciliation to any account for businesses in Mexic...

U4C Introduces Innovative Payment Plugin for Magento

U4C, a fintech company providing innovative Open Finance solutions, has launched the first-ever Magento plugin for the Brazilian market. E-commerce, an essential part of many businesses' sales stra...

TraderPal, Costa Rican Fintech, Expands to Chile

TraderPal, a Costa Rican fintech company founded in 2022, is expanding its operations to Chile. Founded by Nicaraguan entrepreneur Lester Pereira alongside his compatriots Vidal Gutierrez, Maximo M...

Yuno and Bamboo Payment Systems Join Forces to Streamline Cross-Border Payments

Yuno, a global payment orchestration platform, and Bamboo Payment Systems are partnering to redefine cross-border payments in Latin America and beyond. The partnership aims to simplify and optimize...

Worldline and Yuno Team Up to Simplify Payment Methods for Latin American Online Merchants

Global payment company Worldline and Colombian online payment startup Yuno have joined forces to streamline multiple payment methods for online businesses in Latin America. The partnership aims to ...

Ebury Acquires Bexs Group, Expanding to Brazilian Market

The Central Bank of Brazil has given its approval for the acquisition of Bexs Group by Ebury, a global financial technology firm. The acquisition includes both Bexs Banco, a foreign exchange entity...

inDrive Introduces Cashless Payment Solution in Brazil with dLocal

Global mobility and urban services platform, inDrive, has implemented a new payment solution for its Brazilian app users. This has been made possible through a collaboration with dLocal, a payment ...

Krealo Invests in Colombian Startup Plurall to Boost Financial Inclusion

Krealo, the Corporate Venture Capital of Credicorp Group, has announced its investment in the Colombian startup Plurall. Plurall, which offers a digital product ecosystem with financial solutions f...

Galgo Raises $40M to Expand Financing Solutions

Galgo, a financing solutions provider, has successfully raised $40 million in a funding round. The startup, originally named Migrante, was founded in 2018 and initially focused on providing credit ...

Banco Central Eases Data Sharing Consent Renewal in Open Finance

On October 26, 2023, the Central Bank of Brazil published Joint Resolution No. 7, simplifying the process of renewing consents for data sharing in Open Finance. The regulation allows participating ...

Brazilian Startup Vaas Raises $2M for Pix Anti-Fraud Tools

The Brazilian fintech startup, Vaas, which develops technology to counter financial fraud, has raised R$10 million (approximately $2 million) in a pre-seed funding round led by ABSeed. The funds wi...

R5 Secures Investment to Expand Credit Portfolio

Colombian fintech company R5 has closed an investment deal led by UK-based fund Lendable. The fund is known for its focus on generating impact through fintechs with a track record in creating inclu...

MOVii and Belvo Forge Strategic Alliance to Combat Online Payment Fraud in Colombia

MOVii, a leading platform for payments and financial services in Colombia, is proud to announce its strategic partnership with Belvo, the leading open finance platform in Latin America. The collabo...

Yuno and Bamboo Payment Systems Join Forces to Revolutionize Cross-Border Payments in LATAM

Cross-border payments, where the issuer and recipient of funds are located in different countries, have always been a crucial pillar of international trade. These transfers often involve a complex ...

Payface Acquires SmileGo, Expanding into Private-label Card Market

The Brazilian fintech company, Payface, specializing in facial biometric payments, has announced its acquisition of SmileGo. SmileGo, a startup excelling in onboarding payments and facial recogniti...

Lina Open X Gets Central Bank Approval as Payment Initiator in Brazil

Lina Open X, an infrastructure solutions company, has recently been authorised by the Central Bank of Brazil to operate as a payment institution, specifically as a payment transaction initiator. Th...

Mexican Fintech Stori Introduces High-yield Savings Account

Mexican financial startup, Stori, has started offering a savings account with a notably high yield of 15%. This initiative marks an increase in competition among digital banking firms, aiming to at...

Nexu's Innovative Financing Solution: A Game Changer in Mexico's Auto Industry

Mexican fintech startup Nexu has developed a platform that streamlines the car purchasing process, allowing buyers to instantly request and receive a decision concerning vehicle financing. The comp...

Thales Partners with Colombian Startup SoyYo for Passkey Tech Integration

Thales, a global tech provider, has teamed up with Colombian startup SoyYo to incorporate passkey technology into the digital identity services that the latter offers to the financial sector. SoyY...

Brazil's Laqus Raises R$10 Million in Venture Debt

Brazilian fintech firm, Laqus, which specializes in asset storage of commercial notes, receivables, and debentures, has successfully raised R$10 million through a venture debt operation. This type ...

Belvo Aims to Connect 5 Million Accounts via Open Finance in Brazil

Latin American fintech firm Belvo, a platform specializing in data and payment solutions through Open Finance, looks forward to doubling the number of connected accounts in Brazil by the end of 202...

Credibanco and Koibanx Partner to Boost Interoperability in Colombia

In a landscape where regulatory framework is gradually pushing financial entities to communicate more and users demand transactions with multiple assets, Web3 technology and the opportunities block...

AirPak Partners with ThetaRay to Enhance AML Compliance

AirPak, a leading remittance service provider in Central America, has joined forces with ThetaRay, an innovator in AI-based transaction monitoring solutions. The partnership aims to bolster AirPak'...

CondoConta Receives R$30 Million Funding Boost from EXT Capital

CondoConta, a fintech firm focused on condominiums, has secured R$30 million in a funding round led by EXT Capital. These funds will be used to accelerate the company's condominium credit arm, enha...

CAF's Fourth Annual Call to Fund Fintech Startups Focusing on Migrants

The Financial Inclusion Laboratory (LIF 2023), coordinated by the CAF - Development Bank of Latin America, has announced its fourth annual call. This year's focus is on elevating financial inclusio...

Pluggy Unveils Regulated Open Finance Feature

Pluggy, the fintech company, has introduced a new feature that will allow its clients to connect with regulated Open Finance. The company, which specializes in creating solutions for businesses thr...

Pronus and Págame Collaborate to Advance Financial Inclusion in Colombia

Colombian fintech firm Pronus has teamed up with Págame, a digital mobile correspondent, aiming to provide entrepreneurs with services and products typically only available in physical stores, righ...

Mercado Pago Surpasses 2.5 Million Open Finance Consents

Mercado Pago, the digital bank of Mercado Livre, has surpassed 2.5 million consents for data sharing under Open Finance, a financial information sharing system led by the Central Bank. This means t...

Ualá Announces New Benefits for Users in Mexico

The digital banking service Ualá has unveiled two new benefits for its users in Mexico - a 5% cashback program on purchases and increased savings yield from 9% to 12%.

Yooga Restaurant Management Platform Secures $2.3 Million Funding

Brazil-based restaurant management system, Yooga, has successfully raised $2.3 million in seed capital. The funding round was led by SaaSholic, with participation from Gilgamesh, Apex Partners, and...

Fiserv Acquires Skytef to Strengthen its Distribution Network in Brazil

Global payments and financial technology leader, Fiserv, Inc., has announced the acquisition of Skytef, the primary distributor of Software Express's SiTef® (Solução Inteligente de Transferência El...

BTG Pactual Acquires Órama to Expand Retail Sector Presence

Brazilian bank, BTG Pactual, has recently completed the acquisition of investment platform Órama for R$ 500 million (US$ 100 million). This move is part of the bank's ongoing effort to expand its f...

Colombian Banking Conglomerate Launches Lulo X

Colombian banking conglomerate, Gilinski Group, has officially announced the beta phase of their new project, Lulo X. The project was initiated by the founders of the business group, Jaime Gilinski...

Niky Partners with Mastercard to Revolutionize Corporate Benefits

Niky, a healthfintech startup, has partnered with Mastercard to launch a corporate benefits card, furthering its mission to revolutionize the benefits, health, and credit sector. The startup, which...

ApproPay Partnership with Google Transforms Colombian Finance

A pioneering collaboration between ecollect and Approbe has launched ApproPay in Colombia, a financial tool set to revolutionize how Colombians manage their financial transactions. The launch took ...

Galileo Financial Technologies Expands into Five Latin American Markets

Galileo Financial Technologies, LLC, a SoFi Technologies, Inc. subsidiary, has achieved Mastercard certification to simultaneously provide services in five new Latin American countries. This expans...

Kushki Becomes First Non-Bank Acquirer for Latin American Businesses

Latin American payment unicorn, Kushki, has secured regulatory approvals in Mexico, Chile, Peru, and Colombia, becoming the first non-bank regional acquirer for businesses across Latin America. The...

Stone.Co Announces Restructuring to Accelerate Integration and Become a 'Big Tech'

Stone.Co, a Brazilian financial technology company, has announced a restructuring of its management model and organizational chart. This move is intended to align the company more effectively aroun...

Belvo Launches New Automatic Debit Products for Recurring Charges in Colombia

Belvo, the leading Latin American open finance data and payments platform, has introduced two new products in Colombia. These tools will enable businesses to make recurring charges through automati...

Bancolombia and TerraPay Partner for Cross-Border Remittances

Bancolombia, the largest remittance provider in Colombia, and TerraPay, a major global payments network, have announced a partnership aiming to enhance financial inclusion. The agreement will facil...

Argentina's Crypto Adoption Grows as Tapí and Lemon Form Alliance

Argentina's adoption of various cryptocurrencies has surged, with an annual growth rate of 20%. This places the nation among the top countries for cryptocurrency adoption, according to a global ran...

Uellbee Launches New Product to Boost Credit History

Mexican fintech firm Uellbee has announced a new product aimed at helping Mexicans improve their credit history, a key factor in securing mortgage loans.

Brazilian App Gringo Secures $29M Investment to Expand Services

Gringo, a leading app for drivers in Brazil, has successfully raised over $29 million in a recent funding round. The investment was spearheaded by Valor Capital and included contributions from Kasz...

Prex and Tapi Join Forces in Peru and Argentina

Prex, a financial platform offering a virtual wallet and prepaid Mastercard in Latin America, has teamed up with Tapi, a payment processing service. This partnership aims to enhance the experience ...

Wibond Launches "Dame Cuatro" Service Amid Inflation

In a high-inflation environment where prices increase monthly, Wibond has launched its service "Dame Cuatro" for its over 500,000 users. This service allows purchases at participating stores in fou...

Colombian Paytech Druo Simplifies Financial Transactions with New Service

At the 2023 Latam Fintech Market event held in Barranquilla, Colombian paytech network Druo unveiled a new service that enables businesses to send and receive payments directly to bank accounts at ...

Brazilian Fintech Startup WEEL Secures US$6M Investment

Brazilian cash flow management platform, WEEL, has successfully raised US$6 million in a funding round involving Monashees, Mindset Ventures, and Banco Votorantim.

Belvo and Banco W Partner to Promote Financial Inclusion in Colombia

Belvo, through its open finance platform, is facilitating financial entities' users to share their banking data securely and straightforwardly with Banco W. The goal is to provide access to better ...

Nubank Propels Tech Research at Brazilian Universities

Nubank, one of Brazil's leading digital financial platforms, has announced a partnership with several Brazilian Federal Universities. The collaboration, dubbed NuFuturo, is aimed at fostering techn...