Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Venture capital funding to LatAm startups droped 70% to $1.3 billion in the quarter, down from $4.1 billion in the year-ago period.
LinkedIn's "Top Startup 2022 in Latin America" list highlights the work of the most promising and innovative companies of the year.
The payment operation, which has been awaiting regulatory approval for three years, will first focus on small merchants and will be implemented gradually in the South American country.
Through its platform, Solvento seeks to build a stronger supply chain through reliable, flexible, and easy-to-use financial solutions.
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Driven by fintech revenue, Mercado Libre booked $201 million in net income in the period, up from $65 million in the year-ago quarter.
Mercado Libre will hire 13,000 new jobs this year, bucking a lay-offs trend. Most of the new employees will be based in Mexico and Brazil.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.