Buy now, pay later (BNPL) giant Klarna will start reporting data on customers' usage of its products to credit bureaus in the UK.
Mexican Konfio upsized its borrowing line with Goldman Sachs and Gramercy as it seeks to increase SME lending in the region.
Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
Exclusive interview with Andrew Seiz, head of finance at Kueski, on the 2024 outlook for consumer lending and Buy Now Pay Later in Mexico.
BNPL credit models are growing in Latin America's fintech sector, with major investments recorded even as rising rates deter risk appetite.
Lama AI, an intermediary SMB lending exchange for banks, announced a $9 million seed round led by Viola Ventures and Hertz Ventures.
After exactly two years since the last in-person event, Bo Brustkern and Peter Renton took to the LendIt keynote stage to welcome hundreds of Latin American fintech and financial services executives.
Credijusto, a leading Mexican small business fintech paid $50 million to buy Banco Finterra in June. Co-CEO David Poritz wrapped day one of the LendIt LatAm keynote section, discussing what it was like as the only neobank holding a banking license in Mexico.
Mercado Libre has seen great success in providing financing to millions of people who struggled to obtain it through traditional lenders.
Yave, a mortgage and credit fintech that aims to capture the Mexican mortgage market, won the day after an excellent presentation by co-founder and CEO Bernardo Silva. He said he wanted to break into the slow-moving trad marketplace for mortgages and help brokers put the mortgage right into the sales process.