Brazilian Nubank reached 79.1 million customers in Latin America by early April. That is up almost 20 million compared to a year ago.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
Nubank booked $380 million in net income during the Q1 as it benefits from increased cross-selling and a growing customer base.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
Founded in 2019, Capitual has more than 4.5 million customers and records average monthly transaction volume of nearly $1 billion.
This week, PicPay, one of the leading digital wallets in Brazil, announced a new acquisition in a bid to gain ground in Brazil's trillion-dollar loan market.
The Brazilian digital lender added $200 million in its ninth funding round and announced it was buying both a bank and a mortgage lender.
Here are the most read news stories from our daily newsletter today: This is how fintech regulations advance in Latin...
Although many Latin American companies claim they have little exposure to FTX's digital token, a widespread loss of conviction in crypto poses a significant risk.
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Mexican fintechs Klar and Konfio tap $100 million credit lines from U.S. firms to boost lending in the country.