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.
As of April, the Brazilian economy reached the ninth spot as the country with the highest number of unicorn firms.
LendIt Fintech held the 5th annual industry awards to celebrate the top fintech influencers and innovators.
On the second day of the Fintech Nexus USA conference, Nubank's David Vélez recounted in direct terms the multi-year overnight success.
The Central Bank of Brazil announced a new string of regulations that would demand higher capital reserves for large-scale fintechs.
Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.
LatAm fintechs have a massive advantage over traditional financial companies: a lack of a robust, cost-heavy physical infrastructure that thwarts cross-border expansion.