Argentina's fintech unicorn Ualá will invest $150 million over the next 18 months to boost its digital banking endeavors in the region.
As the crypto wave continues to sweep Latin America, both banks and fintechs are crafting an expanding crypto offering in Brazil.
David Velez founded Nubank in 2013 with the idea of taking on big banks in Brazil and leveraging technology to change how financial products are served in the country radically.
Nubank has finally reached breakeven, sending bolstering signs that ripple across the regional fintech ecosystem.
Colombian fintechs have been very active in the VC space in 2024, with a number of startups raising over $150 million in funding so far.
Marc Butterfield, SVP of Innovation and Disruption at the First National Bank of Omaha, said that the results were significant when FNBO ran tests.
Nubank booked $380 million in net income during the Q1 as it benefits from increased cross-selling and a growing customer base.
Nubank's second product in Mexico was well received. Country manager Ivan Canales discusses the market strategy with Fintech Nexus.
Latin America's digital bank Nubank reported a record net income in Q4 as it continues to grow in Mexico, Colombia and Brazil.
Nomad, which offers dollar accounts to Brazilians, will now allow its customers to pay in installments for purchases made abroad.