Franq's Series A extension was led by Quona Capital and had the participation of Globo Ventures and Valor Capital Group.
Fintech innovation agenda in Brazil could prevail in the upcoming years, even as recent elections herald change at the country's top office.
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States.
Mexican fintech Kueski announced a partnership with Amazon to offer BNPL on its marketplace, a first for the retail giant in Mexico.
Financial arm of the major Brazilian retailer now facilitates cryptocurrency trading for millions of users of its digital wallet, MagaluPay.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.
The number of fintechs operating in Mexico has grown consistently. Progress in financial inclusion, however, has been far less explosive.
The central bank of Argentina surprised fintechs this month with a crypto ban which forbades neobanks from offering trading services.
Fintechs in Brazil are taking a more cautious approach to credit in the face of rising delinquencies and inflation.
Funding for Latin American fintechs surged in the first quarter, raising hopes that the worst for the industry may be behind it.