Warren Buffett-backed Nubank reported a 44% increase in profits in the second quarter, as it expands its customer base in Latin America.
Here are the most read news stories from our daily newsletter today: A Buffett-backed Brazilian fintech firm is reportedly planning...
As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
Fintechs are diversifying to survive, adding solutions to monetize their customer base and reduce dependence on riskier lines of business.
Nubank booked $380 million in net income during the Q1 as it benefits from increased cross-selling and a growing customer base.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
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.
In addition to acquiring a 3.85% equity stake in the fintech Méliuz, BV will have the option to buy all shares of the controlling block.
Through its platform, Solvento seeks to build a stronger supply chain through reliable, flexible, and easy-to-use financial solutions.
Open finance is growing fast in Brazil, with progress in regulation paving the way for new opportunities for local fintechs.