The Latin American fintech community gathered in Miami last week for the third annual LendIt Fintech LatAm event.
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Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
In eight months since its creation, Clara became a unicorn, the fastest Latin American startup to obtain this designation yet.
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.
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.
RappiPay announced it has obtained financing for $112 million in credit to increase its service offering and consolidate the RappiCard.
Nomad is expanding its operations and increasing the possibilities for capital allocation to global assets.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
Credit granted by fintechs in Brazil reached 55 billion reais in 2021, up tenfold in the 2016-2021 period, according to Serasa Experian.