Argentine neobank Ualá announced it was moving into the segment, partnering with Mexican incumbent ABC Capital.
Fintechs are targeting the huge LatAm remittance market, as increased digitization paves the way for more affordable money transfers.
The recent weeks have seen a sharp drop in price across various cryptocurrencies leading to a wave of dismissals across the industry.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
Latam neobanks have weathered the capital crisis and reported a strong year of profitability while still growing their customer base.
A report reveals that 9 in every 10 SMBs in the region are currently underserved. This presents an opportunity for Latin American fintechs.
While VC funding to Latin American startups saw a year over year decline, the fact that it is stabilizing offers hope to the industry.
Ebanx announced the expansion of its operations to the African continent after acquiring an essential presence in 15 Latin American nations.
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Venture capital funding to LatAm startups droped 70% to $1.3 billion in the quarter, down from $4.1 billion in the year-ago period.