Colombian fintechs have been very active in the VC space in 2024, with a number of startups raising over $150 million in funding so far.
Mercado Pago, the fintech arm of Latin America e-commerce giant Mercado Libre, reported a significant milestone in its fintech business.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
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.
Latin America's digital bank Nubank reported a record net income in Q4 as it continues to grow in Mexico, Colombia and Brazil.
As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.