Two years after its launch in Mexico, Nubank is making progress amid a highly concentrated banking industry.
Account to Account payments, or A2A, are gradually making inroads in Latin America. Credit cards dominate the market, but that could change.
Exclusive interview with Andrew Seiz, head of finance at Kueski, on the 2024 outlook for consumer lending and Buy Now Pay Later in Mexico.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
Brazilian fintech QI Tech disclosed a valuation above $1 billion following a $50 million Series B round extension.
David Velez founded Nubank in 2013 with the idea of taking on big banks in Brazil and leveraging technology to change how financial products are served in the country radically.
Mexican digital payments system CoDi has been around for more than two years yet a large part of the population is unaware of it.
By the end of 2020, the Central Bank of Brazil launched its own instant payment system, called PIX, with the ambitious goal of speeding up and facilitating transactions.
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Brazil's fintech Nomad took $61 million in a Series-B funding round to expand its portfolio. Tiger Global Management led the investment.