BNPL business models gained momentum in Brazil earlier in the year among financial technology firms catering services to cardless customers.
Fintechs are diversifying to survive, adding solutions to monetize their customer base and reduce dependence on riskier lines of business.
These funds should allow Blipay to expand its credit line in the payroll anticipation sector — where it seeks to become a relevant player.
These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.
Digital banks in Brazil are finally making inroads into one of the most competitive and highly profitable credit markets in the world.
This new digital solution will be available in January and users will be able to access the fintech's services through Walo's physical points and app.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.
Mounting cryptocurrency adoption in Latin America is drawing investment capital into the region, signifying that growing interest.