US fintech giant Fiserv acquired Argentine digital wallet Yacare to ramp up its offering to clients and compete with Mercado Libre.
Last year, 16 fintechs were authorized in Mexico. Among them, Albo, Belvo, Todito Pagos, Mercado Pago and Femsa's Spin by Oxxo.
The law deals with various aspects of crypto assets, including their issuance and operations of tokenized financial products.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.
The last years have been great for fintechs. But this scenario of rising interest rates and economic uncertainty is hitting companies hard.
In Buenos Aires, presidents Lula da Silva and Alberto Fernandez said a trade common currency would help reduce dependency on US dollar.
With the investment, Portão 3 plans to expand its team and its line of products and services, including corporate credit cards.
This new digital solution will be available in January and users will be able to access the fintech's services through Walo's physical points and app.
In addition to acquiring a 3.85% equity stake in the fintech Méliuz, BV will have the option to buy all shares of the controlling block.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.