Buy Now Pay Later startups in Latin America could provide a way for lenders to finally reach the underbanked.
Picpay was expecting to break even only in the middle of 2024 and could prepare again to go public on the New York Stock Exchanges.
Argentina has lagged behind the region in new fintech trends such as Open Finance. 2023 could be the year for regulating crypto instead.
By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
Banco Bradesco, a massive player in Brazil's loan market, announced plans to expand in Mexico, Latin America's second-largest economy.
Facing tighter financing conditions, several financial technology companies in Latin America have accelerated mergers and acquisitions plans.
Last month, Geopagos left its bootstrap status and took $35 million in funding to grow aggressively into Brazil.
It was a turbulent capital-raising year. What do experts see in the sale rack and what are the chances of coming home a happy shopper?
Parfin's seed round was led by Framework Ventures, one of Silicon Valley's leading managers in the crypto ecosystem.
In a complex scenario for Latin American startups fintechs in Argentina push forward with plans for international expansion.