This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
Saque y Pague will seek to strengthen its regional network and install 2,000 of its self-service terminals in the Colombian market.
Brazil's Minister of Finance criticized "stratospheric" revolving credit card interest rates amid a campaign to push through economic reforms.
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Fintech Galileo announced an expansion into five new regional markets, driven by an alliance with Mastercard.
Latam crypto firms to face pressing capital needs in 2023 and a primary focus on transparency. Regulation bound to accelerate in the region.
According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
According to the authorization announcement, the new payment institution of Pomelo will be headquartered in São Paulo.