Open Finance completed its first 2 years in Brazil with 15 million users. The challenge, however, is to grow beyond the specialized audience.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Syncfy's platform enables API access to financial data from more than 125 different financial institutions in LatAm.
Open Finance turns three years in Brazil, and data shows it is growing at a steady pace, with over 40 million consents granted by users.
Open finance is growing fast in Brazil, with progress in regulation paving the way for new opportunities for local fintechs.
The last years have been great for fintechs. But this scenario of rising interest rates and economic uncertainty is hitting companies hard.
By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
Apple Pay goes live in Mexico as issuer-processor Paymentology partners with Fondeadora to expand payments in the North American country.
Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.
Founded in 2021 by Shanxiang Qi and MengKe 'MK' Li, Liquido recorded more than $300 million in transactions since its launch.