Argentine neobank Ualá announced it was moving into the segment, partnering with Mexican incumbent ABC Capital.
Fintech Nexus sat down with Qik's CEO, the first neobank in the Dominican Republic. Traditional lender Grupo Popular to invest $70 million.
Four months after launching, Colombian fintech Plurall raised $20 million in debt from Fasanara Capital, a London-based global fund.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
Latam neobanks have weathered the capital crisis and reported a strong year of profitability while still growing their customer base.
A report reveals that 9 in every 10 SMBs in the region are currently underserved. This presents an opportunity for Latin American fintechs.
This capital increase reinforces the confidence of shareholders in the development of PicPay's business plan.
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When considering mergers and acquisitions in Latin America, companies better have a well-thought-out strategy before proceeding, a panel of experts agreed at LendIt Fintech LatAm 2021, held Dec. 7-8 in Miami, Fla.
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States.