Financial innovation is happening all around the world and the Caribbean is no exception. With a population of 45 million people it is a rich market for fintech.
Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.
Binance parted ways with Mastercard in Latin America, marking the end of one of its most popular products in the region.
Itaú joins the digital banking frenzy with "Itu," a digital banking initiative in Chile offering a virtual account and a debit card.
The central bank of Brazil is gearing up to launch Pix Automatico, a form of direct debit through instant payment system Pix.
Mexican fintech Clara relocated its headquarters to Brazil in an effort to claim a share of its massive digital payments market.
Nubank accelerates its Mexican expansion with personal loans, tapping into the country's promising growth prospects.
A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Brazil's fintech Nomad took $61 million in a Series-B funding round to expand its portfolio. Tiger Global Management led the investment.