Nubank announced in October the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm.
iCred will use these resources to expand its operations and enter the payroll loan market for the beneficiaries of the social security fund.
With the investment, Portão 3 plans to expand its team and its line of products and services, including corporate credit cards.
For many players in this market, the new law brings greater legal certainty for investors and companies working with these crypto assets.
This new funding will allow Trii to expand operations in three key countries in the region: Colombia, Peru and Chile.
Neon's fundraising comes at a time when the banking sector has seen default rates increase in Brazil.
Last year, 16 fintechs were authorized in Mexico. Among them, Albo, Belvo, Todito Pagos, Mercado Pago and Femsa's Spin by Oxxo.
Kredito was founded in 2018 to create a solution that would provide "fair interest rate" loans to startups and small-cap companies.
Destácame already has 4.5 million users and wants to reach 10 million users by 2025, expanding its operation in Mexico.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.