Despite fintechs making inroads, a recent survey shows inclusion progress has not been as swift as expected, especially for women.
The Brazilian digital lender added $200 million in its ninth funding round and announced it was buying both a bank and a mortgage lender.
With a focus on money education, fintech companies have a renewed sense of purpose in creating greater financial inclusion for all.
Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
BNPL business models gained momentum in Brazil earlier in the year among financial technology firms catering services to cardless customers.
Despite the sharp drop in value seen in the past weeks, financial technology players that have drawn millions to their wallets are now doubling down their bets on crypto.
With the rise of fintech Brazil has seen a more competitive banking system with the largest banks losing market share
The recent weeks have seen a sharp drop in price across various cryptocurrencies leading to a wave of dismissals across the industry.
Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.