These funds should allow Blipay to expand its credit line in the payroll anticipation sector — where it seeks to become a relevant player.
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.
Financial arm of the major Brazilian retailer now facilitates cryptocurrency trading for millions of users of its digital wallet, MagaluPay.
The "crypto winter" has swept away many investors worldwide. But in Latin America's inflation hotspots, stablecoins are gaining ground.
According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.
Account to Account payments, or A2A, are gradually making inroads in Latin America. Credit cards dominate the market, but that could change.
This is the Buk's second round of financing after having its $50 million Series A in October 2021, led by Greenoaks and SoftBank LatAm.
Latam crypto firms to face pressing capital needs in 2023 and a primary focus on transparency. Regulation bound to accelerate in the region.
This capital increase reinforces the confidence of shareholders in the development of PicPay's business plan.
Founded in 2019, Capitual has more than 4.5 million customers and records average monthly transaction volume of nearly $1 billion.