The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
AltScore is planning to use the resources raised to boost its integrated credit platform in Latin America.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
Belgian fintech Credix announced an US$ 11.25 million Series A round to scale its business and bring diverse investments to LatAm startups.
Chilean Datamart raised $6.3 million in a seed round to expand into Mexico. Moonvalley Capital led the funding.
Two years after its launch in Mexico, Nubank is making progress amid a highly concentrated banking industry.
The IMF said Brazil's Digital Real could reap the benefits of blockchain technology and compete with privately-issued stablecoins.