The new alliance between Banca Afirme and Clara guarantees the investment of $55 million throughout 2023 for 200 businesses in LatAm.
Although many Latin American companies claim they have little exposure to FTX's digital token, a widespread loss of conviction in crypto poses a significant risk.
In Latin America's fast-growing digital space, Quick Response codes have quickly risen as a serious contender to cash and are now ubiquitous.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
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PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
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After almost three years of operation, Ank, Itau's digital banking enterprise in Argentina, is moving closer to a shutdown.
Founded in 2021 by Shanxiang Qi and MengKe 'MK' Li, Liquido recorded more than $300 million in transactions since its launch.
Mexican fintech Cometa raised $5 million in a seed round to cater financial services to education institutions in Mexico.