Founded in 2019, Capitual has more than 4.5 million customers and records average monthly transaction volume of nearly $1 billion.
Cryptocurrency enthusiasts in the region have turned to crypto loans to secure funding, or earn interest income.
Nubank and Banco Inter are moving away from the local stock exchange, while other Brazilian fintechs skip the market altogether.
The law deals with various aspects of crypto assets, including their issuance and operations of tokenized financial products.
E-commerce giant Mercado Libre will invest $3.6 billion in Brazil, with its fintech unit as one of the major growth drivers in Latin America.
Both Tencent and SoftBank have invested in the company called Ualá which is seeing massive growth during the coronavirus crisis;...
Nubank has finally reached breakeven, sending bolstering signs that ripple across the regional fintech ecosystem.
Brazilian neobank Nubank reached 90 million customers in Latin America and reported a surge in profits in Q3.
Several LatAm countries moved forward in 2021 with regulatory initiatives seeking to promote competition and data sharing in the industry.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.