This new funding will allow Trii to expand operations in three key countries in the region: Colombia, Peru and Chile.
Facing tighter financing conditions, several financial technology companies in Latin America have accelerated mergers and acquisitions plans.
Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
Binance parted ways with Mastercard in Latin America, marking the end of one of its most popular products in the region.
The case is especially worrisome for startups that offer payment services, such as digital wallets.
N26 said they are furloughing 10 percent of their staff, cutting back on advertising spending and reconsidering their planned launch...
Brazil's teenage-focused neobank Z1 received a $10.4 million investment to build new products to cater to young adults as well.
Some $29.4 billion were deployed in Latin-American tech startups during 2021, up from a previous record of $16.8 billion.
Barte aims to scale its operations with the bolstered cash, launching a new credit product later this year.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.