LatAm fintechs have a massive advantage over traditional financial companies: a lack of a robust, cost-heavy physical infrastructure that thwarts cross-border expansion.
On March 30, banking investor Cross River announced another successful funding round of $620 million, co-led by Andressen Horowitz and Eldridge Capital.
These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.
More consumers prefer digital payments, a trend accelerated by the pandemic, results of a new survey from payments gateway Onbe reveal. The rates of online shopping, mobile wallet usage, apps and P2P payments have also risen.
Changing marketplace practices make it the ideal time for people with stock options to have liquidation opportunities.
As embedded finance grows in prevalence and popularity, businesses must consider BaaS and understand the impact different licenses offered by providers will have on their offerings.
At Fintech Nexus Merge, the panel discussion 'Creating On-Ramps and Off-Ramps Between DeFi and Traditional Finance' was a riveting discussion giving the audience a snapshot of how the convergence between DeFi and TradFi will happen
Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
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The first big fintech event of the year, Fintech Meetup, is less than three months away. It will feature the largest meetings program in the history of fintech.
Nubank and Banco Inter are moving away from the local stock exchange, while other Brazilian fintechs skip the market altogether.