Open Finance completed its first 2 years in Brazil with 15 million users. The challenge, however, is to grow beyond the specialized audience.
Transfeera, a banking-as-a-service provider in Brazil focusing on B2B transactions, raised $ 1.3 million this month in a series A round.
Fintechs in Latin America market high-yield saving accounts to win customers off from traditional financial institutions.
Open Finance is still a new concept in Colombia. However, the country is catching up with a series of regulatory initiatives.
Founded in 2021 by Shanxiang Qi and MengKe 'MK' Li, Liquido recorded more than $300 million in transactions since its launch.
Nine months after its IPO with a dual listing on the São Paulo Stock Exchange and the NYSE, Nubank announced that it will no longer be a publicly traded company in Brazil.
Pix has led to a dramatic acceleration in financial inclusion, Carlos Brandt, head of Pix at the central bank, said at Fintech Nexus LatAm.
While VC funding to Latin American startups saw a year over year decline, the fact that it is stabilizing offers hope to the industry.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
Betterfly became Chile's third unicorn company after it took $125 million from venture capital investors in a Series C raise.