Despite the sharp drop in value seen in the past weeks, financial technology players that have drawn millions to their wallets are now doubling down their bets on crypto.
Despite the sharp drop in value in the past weeks, fintech players that have drawn millions to their wallets are doubling down on crypto.
Venture capital investments into LatAm fintech startups dropped further in the third quarter of the year, following a sharp reversal in global markets that drove investors away from assets generally perceived as risky.
PayRetailers, the LatAm Fintech payment specialist, acquires two online payments platforms: Chile’s Paygol and Colombia’s Pago Digital.
Nubank is doubling its bets in crypto technology. The neobank announced plans to develop its virtual token to drive a loyalty program.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Argentine neobank Ualá announced it was moving into the segment, partnering with Mexican incumbent ABC Capital.
Fintechs are targeting the huge LatAm remittance market, as increased digitization paves the way for more affordable money transfers.
The recent weeks have seen a sharp drop in price across various cryptocurrencies leading to a wave of dismissals across the industry.