The Brazilian digital lender added $200 million in its ninth funding round and announced it was buying both a bank and a mortgage lender.
Creditas aims to reach breakeven in 2023. It has reduced losses for five straight quarters and is repricing the portfolio with higher rates.
Belgian fintech Credix announced an US$ 11.25 million Series A round to scale its business and bring diverse investments to LatAm startups.
Parfin's seed round was led by Framework Ventures, one of Silicon Valley's leading managers in the crypto ecosystem.
Cryptocurrency regulation has been embedded into broader financial technology regulation or postponed in a "wait and see" approach.
Brazil has established its central bank as the primary regulator of the crypto economy, potentially a first step toward broader regulation.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
The "crypto winter" has swept away many investors worldwide. But in Latin America's inflation hotspots, stablecoins are gaining ground.
Despite fintechs making inroads, a recent survey shows inclusion progress has not been as swift as expected, especially for women.
With 132 fintech startups, Peru is coming to life in Latin America as another important hub for financial technology.