With the investment, Portão 3 plans to expand its team and its line of products and services, including corporate credit cards.
The Brazilian digital lender added $200 million in its ninth funding round and announced it was buying both a bank and a mortgage lender.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Xepelin announced that global investment banking giant Goldman Sachs had provided it with a $140 million asset-backed securities credit line.
LatAm is seeing skyrocketing inflation and DeFi could mean survival for many citizens, but how can adoption be maximized?
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Mercado Libre booked $359 million in profits from $129 million a year ago, driven by strong e-commerce in Mexico and growing fintech products.
Last month, Citi Ventures, the U.S. bank's VC unit, announced an undisclosed investment in Belvo, a Mexican open banking infrastructure firm.