Western Union announced plans to deploy its digital banking offering in South America's largest economy.
Fintech leaders praised Milei's win in presidential elections, anticipating a more favorable scenario for the technology sector.
RappiPay announced it has obtained financing for $112 million in credit to increase its service offering and consolidate the RappiCard.
Fintechs in Mexico take on the challenge of competing with banks, in a country that lags most Latin American peers in financial inclusion.
As of April, the Brazilian economy reached the ninth spot as the country with the highest number of unicorn firms.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
Celcoin wants to make its BaaS service a one-stop-shop for these types of solutions to meet the growing demand in the Brazilian market.
Brazilian Nubank reached 79.1 million customers in Latin America by early April. That is up almost 20 million compared to a year ago.
Picpay was expecting to break even only in the middle of 2024 and could prepare again to go public on the New York Stock Exchanges.
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.