After almost three years of operation, Ank, Itau's digital banking enterprise in Argentina, is moving closer to a shutdown.
Creditas made a bold acquisition in the context of uncertainty, as valuations for many fintechs plunged amid rising rates and volatility.
Last month, Citi Ventures, the U.S. bank's VC unit, announced an undisclosed investment in Belvo, a Mexican open banking infrastructure firm.
Mercado Libre launched Mercado Coin, its first-ever token that will be initially available in Brazil as part of its loyalty program.
Across Latin America, fintech lenders are accelerating profitability strategies amid growing pressure from markets to yield profits.
Companies around the South American country are driving a movement towards the "fintechtization" of the sector.
Ebanx announced the expansion of its operations to the African continent after acquiring an essential presence in 15 Latin American nations.
Facing tighter financing conditions, several financial technology companies in Latin America have accelerated mergers and acquisitions plans.
Banco Bradesco, a massive player in Brazil's loan market, announced plans to expand in Mexico, Latin America's second-largest economy.
Betterfly became Chile's third unicorn company after it took $125 million from venture capital investors in a Series C raise.