Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.
The agreement for the acquisition of NetPay had been announced in November 2022. FEMSA had owned minority shares in the fintech since 2019.
Digital bank Zenus to acquire LatAm-focused payments fintech Fuex as it seeks to expand its reach to Latin American clients.
BTG's recent move anticipates a scenario that should be commonplace starting next year in Brazil.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
Argentina has lagged behind the region in new fintech trends such as Open Finance. 2023 could be the year for regulating crypto instead.
This is Visa's second offer for the Brazilian fintech. Previously, the American company offered $1 billion to acquire the startup, but the offer was refused.
Toku raised $7 million to expand digital collection services in Latin America. The fintech will boost its current Mexico strategy.