Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
Mexican fintech Cometa raised $5 million in a seed round to cater financial services to education institutions in Mexico.
According to Belvo, the new product will function as a gate for users to initiate payments directly inside third-party apps.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
The number of fintechs operating in Mexico has grown consistently. Progress in financial inclusion, however, has been far less explosive.
Here are the top 10 quotes, among the many keynotes, panels, and conversations at LendIt fintech LatAm Miami Last week.
PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
Latin America's leading e-commerce Mercado Libre reported 49 million fintech customers in the quarter, up 40% year over year.
Open Finance is still a new concept in Colombia. However, the country is catching up with a series of regulatory initiatives.
Colombian fintech Bold secured $50 million in a series C round led by private equity firm General Atlantic.