Mexican digital payments system CoDi has been around for more than two years yet a large part of the population is unaware of it.
The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
LatAm fintechs have a massive advantage over traditional financial companies: a lack of a robust, cost-heavy physical infrastructure that thwarts cross-border expansion.
Saque y Pague will seek to strengthen its regional network and install 2,000 of its self-service terminals in the Colombian market.
Syncfy's platform enables API access to financial data from more than 125 different financial institutions in LatAm.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
At Visa, Romina Seltzer leads as SVP of Products and Innovation across Latin America. She presented a brief look into the future of payments.
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.
Nubank is doubling its bets in crypto technology. The neobank announced plans to develop its virtual token to drive a loyalty program.
The Brazilian digital lender added $200 million in its ninth funding round and announced it was buying both a bank and a mortgage lender.