Latin American online lender Afluenta has obtained the support of the Multilateral Investment Fund, an innovation lab of the Inter-American Development Bank, for development of a green loans product; the lender will provide the loans to individuals and businesses seeking financing for renewable energy equipment, energy-efficient appliances and other green energy related purchases; the development process for the green loans will include customized credit underwriting for energy efficient loans and borrowers. Source
Uber, the driving service, has launched a debit card product in Latin America, in conjunction with innovative bank, Bankaool; the continent as a whole demonstrates 1.1 mobile phone connections per capita, yet only 14% of the overall population has a traditional savings account; it's difficult to obtain a debit or credit card without being able to link it to a bank account with savings; Bankaool claims to be the first Mexican-based bank where you can fully open a bank account or obtain a card via an online application; Uber acknowledged that a payment card was essential for riders using its service. Source
One of the hottest areas on the globe right now for fintech is Latin America. There is plenty of VC...
Brazil and Mexico are often talked about as fintech booms in Latin America; the size of the industry overall is...
Earlier this year SoftBank Group invested $20 million into the Mexican payments startup called Clip, marking one of their first...
Fintech innovation has been emerging in Latin America; LendIt USA 2017 featured a panel of Latin American market leaders moderated by Andres Fontao of Finnovista; panelists discussed what is happening in the Latin American fintech market and why there is an opportunity for fintech firms and specifically online lenders to be successful. Source
LendIt Fintech and Latam Intersect PR have produced a new report from a survey conducted with over 300 fintech and banking executives. It provides a snapshot into the state of fintech in Latin America.
Ebanx is a successful payments startup in Brazil; they are looking to expand their product offerings beyond serving e-commerce platforms;...
Back in December we held Finnosummit Miami by LendIt Fintech to capture all of the interesting things happening in Latin...
Santander InnoVentures has led a $5 million round in the SME lender a55; a55 currently lends in both Brazil and...