Financial innovation is happening all around the world and the Caribbean is no exception. With a population of 45 million people it is a rich market for fintech.
One of the most popular payment methods in Brazil, Pix is now set to take over online commerce too, a study by fintech EBANX shows.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
The investment, which was made in two parts, will serve to expand Kala's commercial and engineering team, as well as lay the groundwork to take its operations to other parts of LatAm.
Neon's fundraising comes at a time when the banking sector has seen default rates increase in Brazil.
Creditas made a bold acquisition in the context of uncertainty, as valuations for many fintechs plunged amid rising rates and volatility.
Visa pulled the trigger on one of the most significant acquisitions of 2023, paying $1 billion in cash for Brazilian fintech firm Pismo.
Fintech innovation agenda in Brazil could prevail in the upcoming years, even as recent elections herald change at the country's top office.
According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.
Brazilian fintech QI Tech disclosed a valuation above $1 billion following a $50 million Series B round extension.