Structural digitization gaps in Latin America's business sector will likely lead to long-term value for fintechs providing the necessary infrastructure, according to U.S. growth equity firm Riverwood Capital.
Brazilian fintech QI Tech disclosed a valuation above $1 billion following a $50 million Series B round extension.
US fintech giant Fiserv acquired Argentine digital wallet Yacare to ramp up its offering to clients and compete with Mercado Libre.
In two years, Spin has quickly carved out a place of itself as one of the most relevant fintech players in Mexico.
Instant payment system Pix has overtaken credit and debit cards as the most used means of payment in Brazil.
The Mexican operation represents Nubank's second-largest market and is seen as a strategic target in the company's internationalization plan.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
Along the companies trying to soften the crisis impact on their business was Mexico's Bitso, one of the largest crypto exchanges in LatAm.
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