The president of the Central Bank of Brazil announced Pix protocols would be made available to other regulators.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
Brazilian fintech Koin announced a partnership with U.S. payments giant Mastercard to advance Buy Now, Pay Later in Latin America over the next five years.
As Chile await for the fintech law to come into effect, experts spoke to Fintech Nexus on its likely impact in the financial sector.
Insurtech Betterfly has acquired several regional startups to accelerate growth Recently, it doubled its bet in Brazil by purchasing SeuVale.
With the new investment, Finkargo plans to accelerate the growth of more than 600 companies in the international trade sector.
As digital banking moves forward, Brazil's fintech sector will incur higher cybersecurity spending following greater risks.
Saque y Pague will seek to strengthen its regional network and install 2,000 of its self-service terminals in the Colombian market.
Mexico's Kapital announced an expansion into Colombia, fueled by a $100 million credit line from Sivo, a debt-as-a-service company.