Latin American fintech neobank Nubank and Mercado Libre post strong Q2 profits, defying industry challenges and showing resilience.
By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
As the crypto wave continues to sweep Latin America, both banks and fintechs are crafting an expanding crypto offering in Brazil.
Latam neobanks have weathered the capital crisis and reported a strong year of profitability while still growing their customer base.