Mexican fintech Cometa raised $5 million in a seed round to cater financial services to education institutions in Mexico.
Credit granted by fintechs in Brazil reached 55 billion reais in 2021, up tenfold in the 2016-2021 period, according to Serasa Experian.
On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.
Fairplay provides technology and financing solutions for e-commerce businesses and marketplace sellers in Mexico.
Despite the drop in funding and waves of layoffs, employee equity remains a priority across the US and Europe.
Franq's Series A extension was led by Quona Capital and had the participation of Globo Ventures and Valor Capital Group.
British fintech Freetrade announced its imminent launch into Sweden's retail investor market.
Fintech Galileo announced an expansion into five new regional markets, driven by an alliance with Mastercard.
Fintech innovation agenda in Brazil could prevail in the upcoming years, even as recent elections herald change at the country's top office.
Tariff fears have abated momentarily as the courts have partially rejected Trump’s trade war strategy, earnings reports have been smoking...