The day after The Fed announced yet another (albeit smaller) rate hike, Arc launches a high yield account so startups can gain on idle cash.
Cortex collaborates with several fintechs and giants of the financial market in Brazil, such as BTG Pactual and XP.
Chile's fintech Migrante to acquire a motorcycle loan startuup in Colombia. It also changed its name to Galgo, or "greyhound" in Spanish.
While VC funding to Latin American startups saw a year over year decline, the fact that it is stabilizing offers hope to the industry.
Early stage founders face a challenging climate and many lack the expertise to drive growth.Support from an experienced hand may be critical.
Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late fees and interest charges, a maximum $1,000 spending limit, no Social Security number required, and no credit history or cosigner required.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
Venture-backed Nova Credit set about developing an alternative to traditional credit analysis to empower borrowers and lenders.
Transfeera, a banking-as-a-service provider in Brazil focusing on B2B transactions, raised $ 1.3 million this month in a series A round.
For entrepreneurs looking to overcome these challenges, revenue-based financing is a compelling alternative.