Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
Buy Now, Pay Later companies are gaining ground in Latin America, with Kueski reporting more than 1 million customers.
In Buenos Aires, presidents Lula da Silva and Alberto Fernandez said a trade common currency would help reduce dependency on US dollar.
According to Creditas' recently released figures, the company recorded a loss of $26 million, a 60% drop from the same period in 2022.
In eight months since its creation, Clara became a unicorn, the fastest Latin American startup to obtain this designation yet.
As the crypto wave continues to sweep Latin America, both banks and fintechs are crafting an expanding crypto offering in Brazil.
Catering to immigrants became a sizeable business for Latin American fintechs, a segment frequently overlooked by traditional institutions.
The case is especially worrisome for startups that offer payment services, such as digital wallets.
Nubank, the largest digital bank in Latin America, officially launched Nucoin. It is a free-of-charge token that rewards the most loyal users.