A survey by Fiserv indicate the growing use of modern payment methods in Brazil such as Pix, QR codes and online shopping.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
Brazil's fintech Nomad took $61 million in a Series-B funding round to expand its portfolio. Tiger Global Management led the investment.
This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.
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Fintech leaders praised Milei's win in presidential elections, anticipating a more favorable scenario for the technology sector.
The agreement for the acquisition of NetPay had been announced in November 2022. FEMSA had owned minority shares in the fintech since 2019.
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.