Open Finance turns three years in Brazil, and data shows it is growing at a steady pace, with over 40 million consents granted by users.
E-commerce giant Mercado Libre will invest $3.6 billion in Brazil, with its fintech unit as one of the major growth drivers in Latin America.
Progress in open banking regulation in the region is paving the way for new business models to emerge in the wake of greater financial data integration and growing fintech infrastructure.
RappiPay announced it has obtained financing for $112 million in credit to increase its service offering and consolidate the RappiCard.
Nubank announced in October the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm.
More than two dozens neobanks are vying for digital customers in Mexico, Latin America's second-largest economy.
This is the Buk's second round of financing after having its $50 million Series A in October 2021, led by Greenoaks and SoftBank LatAm.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.
Binance parted ways with Mastercard in Latin America, marking the end of one of its most popular products in the region.
askRobin is based in Estonia but serves consumers in Latin America; the company first started in Mexico in late 2017,...