RappiPay announced it has obtained financing for $112 million in credit to increase its service offering and consolidate the RappiCard.
Franq's Series A extension was led by Quona Capital and had the participation of Globo Ventures and Valor Capital Group.
Instant payment system Pix has overtaken credit and debit cards as the most used means of payment in Brazil.
These funds should allow Blipay to expand its credit line in the payroll anticipation sector — where it seeks to become a relevant player.
In a region with high market volatility, some Latin Americans turn to developed economies to invest a part of their savings.
El objetivo con este producto es responder a los cambios en las necesidades de los consumidores, según explicó el presidente del banco...
Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.
Fintechs in Brazil are taking a more cautious approach to credit in the face of rising delinquencies and inflation.
Saque y Pague will seek to strengthen its regional network and install 2,000 of its self-service terminals in the Colombian market.
The rise in interest rates has led to banks and fintechs cutting down on lending. For companies like Stori, that is an opportunity.