Nine months after its IPO with a dual listing on the São Paulo Stock Exchange and the NYSE, Nubank announced that it will no longer be a publicly traded company in Brazil.
Shares of the e-commerce giant jumped 8% on Nov. 4 following the release of third-quarter results on the back of a strong performance of its financial technology division, Mercado Pago.
Latin America's leading e-commerce Mercado Libre reported 49 million fintech customers in the quarter, up 40% year over year.
Mercado Libre reported strong Q4 2022 results with their fintech division, Mercado Page, leading the way
Driven by fintech revenue, Mercado Libre booked $201 million in net income in the period, up from $65 million in the year-ago quarter.
Addi has targeted the Colombian and Brazilian credit market with their BNPL product. CEO Santiago Suarez says insights make the difference.
In Mexico's difficult landscape for credit, Kueski has become one of LatAm's largest BNPL and consumer credit firms. It's all down to data.In Mexico's difficult landscape for credit, Kueski has become one of LatAm's largest BNPL and consumer credit firms. It's all down to data.
The rise in interest rates has led to banks and fintechs cutting down on lending. For companies like Stori, that is an opportunity.
Millions of people in Mexico do not have access to basic financial products, but fintechs have been working to radically change the scenario.
Despite the bear market, Kushki's CEO argues that LatAm founders are used to dealing with recurring crises.