Several LatAm countries moved forward in 2021 with regulatory initiatives seeking to promote competition and data sharing in the industry.
Brazil, the largest country in Latin America, is moving closer to regulating cryptocurrencies with its own version of a Bitcoin law.
A drawn-out workers’ strike at Brazil's central bank in protest of wage increases is having an unexpected impact on the fintech industry.
Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
With its new investment, Solfácil wants to expand its business in Brazil and lower the cost of domestic energy.
As of April, the Brazilian economy reached the ninth spot as the country with the highest number of unicorn firms.
As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.
With the rise of fintech Brazil has seen a more competitive banking system with the largest banks losing market share
Companies around the South American country are driving a movement towards the "fintechtization" of the sector.
Founded in 2018, Ali offers payroll loans to the employees of its partner companies to help reduce their debt.