Fintechs in Mexico draw funding to cater to underbanked SMEs and individuals. Kapital tapped $65 million, while Stori secured $50 million.
Fintechs are diversifying to survive, adding solutions to monetize their customer base and reduce dependence on riskier lines of business.
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States.
Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Nomad, which offers dollar accounts to Brazilians, will now allow its customers to pay in installments for purchases made abroad.
Digital banks in Brazil are finally making inroads into one of the most competitive and highly profitable credit markets in the world.
The central bank of Argentina surprised fintechs this month with a crypto ban which forbades neobanks from offering trading services.
Founded in 2021 by Shanxiang Qi and MengKe 'MK' Li, Liquido recorded more than $300 million in transactions since its launch.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.