A survey by Fiserv indicate the growing use of modern payment methods in Brazil such as Pix, QR codes and online shopping.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Mexican fintech Clara relocated its headquarters to Brazil in an effort to claim a share of its massive digital payments market.
This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.
Here are the most read news stories from our daily newsletter today: SoftBank commits $3B more to investing in Latin...
Two years after launching in Brazil, German neobank N26 has decided to leave the country as the fintech drops overseas efforts.
The agreement for the acquisition of NetPay had been announced in November 2022. FEMSA had owned minority shares in the fintech since 2019.
When considering mergers and acquisitions in Latin America, companies better have a well-thought-out strategy before proceeding, a panel of experts agreed at LendIt Fintech LatAm 2021, held Dec. 7-8 in Miami, Fla.