Earlier this year SoftBank Group invested $20 million into the Mexican payments startup called Clip, marking one of their first...
Latin American online lender Afluenta has obtained the support of the Multilateral Investment Fund, an innovation lab of the Inter-American Development Bank, for development of a green loans product; the lender will provide the loans to individuals and businesses seeking financing for renewable energy equipment, energy-efficient appliances and other green energy related purchases; the development process for the green loans will include customized credit underwriting for energy efficient loans and borrowers. Source
Brazil and Mexico are often talked about as fintech booms in Latin America; the size of the industry overall is...
Both Tencent and SoftBank have invested in the company called Ualá which is seeing massive growth during the coronavirus crisis;...
LendIt Fintech LatAm is happening December 8-9, virtually, of course. We are excited to be returning to the Latin American...
One of the hottest areas on the globe right now for fintech is Latin America. There is plenty of VC...
According to Banking Technology, PayU will be implementing Mambu's software-as-a-service based core banking platform; the software will support PayU's short-term deferred payment product; Mambu now has 26 clients which it supports from its Miami office; PayU is currently running a pilot in Colombia but it is expected to roll out services across Latin America. Source
Santander InnoVentures has led a $5 million round in the SME lender a55; a55 currently lends in both Brazil and...
The Economist magazine's intelligence unit (EIU) has published a report on regulatory support for financial inclusion in developing countries and it is now gaining traction with press and analysts; the report scores countries on having an inclusiveness strategy and building governmental and private sector expertise, then provides in-depth details in areas including credit markets, non-regulated lenders, payments and insurance; Colombia ties Peru this year for the most progressive country; India has shown the most improvement; Latin America and East/South Asia are leaders regionally while Africa and the Middle East remain behind; the EIU performed the research in conjunction with the Center for Financial Inclusion at Accion and the Multilateral Investment Fund at the Inter-American Development Bank. Source
At LendIt Fintech LatAm I also chatted with Angela Strange, a general partner at the well-known venture capital firm Andreessen...