Plurall, a Colombian Fintech firm that's focused on enhancing the financial inclusion of Solopreneurs, finalized a pre-seed round by securing $1.5M.
Buy Now, Pay Later companies are gaining ground in Latin America, with Kueski reporting more than 1 million customers.
Buy Now Pay Later startups in Latin America could provide a way for lenders to finally reach the underbanked.
The appearance of Techreo is one of the latest examples of financial technology firms looking to acquire clients at the base of the pyramid.
Mexican digital payments system CoDi has been around for more than two years yet a large part of the population is unaware of it.
The rise of the social and wellbeing benefits platform Betterfly has been meteoric in LatAm.
Some $29.4 billion were deployed in Latin-American tech startups during 2021, up from a previous record of $16.8 billion.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
Several LatAm countries moved forward in 2021 with regulatory initiatives seeking to promote competition and data sharing in the industry.
Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.