Regional banks have taken a beating - fintechs' customer centric flexibility may provide an answer to their flawed system.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.
Brazil's Minister of Finance criticized "stratospheric" revolving credit card interest rates amid a campaign to push through economic reforms.
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.
The investment, which was made in two parts, will serve to expand Kala's commercial and engineering team, as well as lay the groundwork to take its operations to other parts of LatAm.
The central bank of Argentina surprised fintechs this month with a crypto ban which forbades neobanks from offering trading services.
'If you have the right business ball on the right day and in the right situation, there is capital going to certain companies'
The fintech will operate in Panama, El Salvador, Guatemala, and Mexico, where it plans to become an ally of the region's underbanked population.
On today's episode, I am joined by José Carlos, Co-Founder & Co-CEO of Palenca.
According to the company, the goal of this expansion is to consolidate the fintech as one of the major players in LatAm, helping small businesses to reduce costs with payments by improving their financial management.