A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.
Last month, Geopagos left its bootstrap status and took $35 million in funding to grow aggressively into Brazil.
Pix has led to a dramatic acceleration in financial inclusion, Carlos Brandt, head of Pix at the central bank, said at Fintech Nexus LatAm.
Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.
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Mexican fintechs Klar and Konfio tap $100 million credit lines from U.S. firms to boost lending in the country.
Brazil's teenage-focused neobank Z1 received a $10.4 million investment to build new products to cater to young adults as well.
Colombian fintech Avista raised $22.5 million in debt from Accial Capital as it seeks to boost lending to the elderly.
It was a turbulent capital-raising year. What do experts see in the sale rack and what are the chances of coming home a happy shopper?
Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.