Cortex collaborates with several fintechs and giants of the financial market in Brazil, such as BTG Pactual and XP.
Funds such as Soma Capital, GBV, Techstars, Devlabs, Ripio Ventures, and Platanus Ventures also joined Arch's investment round.
This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
Shares of the e-commerce giant jumped 8% on Nov. 4 following the release of third-quarter results on the back of a strong performance of its financial technology division, Mercado Pago.
Venture capital investments into LatAm fintech startups dropped further in the third quarter of the year, following a sharp reversal in global markets that drove investors away from assets generally perceived as risky.
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.
Western Union announced plans to deploy its digital banking offering in South America's largest economy.
Nubank is doubling its bets in crypto technology. The neobank announced plans to develop its virtual token to drive a loyalty program.
Franq's Series A extension was led by Quona Capital and had the participation of Globo Ventures and Valor Capital Group.
Through its platform, Solvento seeks to build a stronger supply chain through reliable, flexible, and easy-to-use financial solutions.