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.
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.
With the investment, Portão 3 plans to expand its team and its line of products and services, including corporate credit cards.
In Buenos Aires, presidents Lula da Silva and Alberto Fernandez said a trade common currency would help reduce dependency on US dollar.
The last years have been great for fintechs. But this scenario of rising interest rates and economic uncertainty is hitting companies hard.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.
The law deals with various aspects of crypto assets, including their issuance and operations of tokenized financial products.
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.
Transfeera, a banking-as-a-service provider in Brazil focusing on B2B transactions, raised $ 1.3 million this month in a series A round.