N26 said they are furloughing 10 percent of their staff, cutting back on advertising spending and reconsidering their planned launch...
Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.
More than two dozens neobanks are vying for digital customers in Mexico, Latin America's second-largest economy.
Neobank Inter in Brazil has recently reached 30 million customers. Exclusive Q&A interview with CEO João Vitor Menin to discuss strategy.
Digital banks in Brazil are finally making inroads into one of the most competitive and highly profitable credit markets in the world.
A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
The Mexican operation represents Nubank's second-largest market and is seen as a strategic target in the company's internationalization plan.
Warren Buffett-backed Nubank reported a 44% increase in profits in the second quarter, as it expands its customer base in Latin America.
These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.