According to Creditas' recently released figures, the company recorded a loss of $26 million, a 60% drop from the same period in 2022.
Nomad is expanding its operations and increasing the possibilities for capital allocation to global assets.
As digital banking moves forward, Brazil's fintech sector will incur higher cybersecurity spending following greater risks.
After almost three years of operation, Ank, Itau's digital banking enterprise in Argentina, is moving closer to a shutdown.
Cortex collaborates with several fintechs and giants of the financial market in Brazil, such as BTG Pactual and XP.
Brazilian startups are innovative with platforms to enable CO² emission offsets, generating credits to enviro projects to protect the Amazon.
Brazil's teenage-focused neobank Z1 received a $10.4 million investment to build new products to cater to young adults as well.
Neon's fundraising comes at a time when the banking sector has seen default rates increase in Brazil.
Banco Bradesco, a massive player in Brazil's loan market, announced plans to expand in Mexico, Latin America's second-largest economy.
Pix's massive success has triggered the fraudsters who always go where the action and money are congregating.