Rising rates and inflation have caused employee financial stress to skyrocket. The partnership could ease some of the strain.
Pagbank reported 30 million customers, a 19% increase from 24.8 million a year earlier, now among Latin America's largest neobanks.
Druo's technology creates an ecosystem that enables B2B users to charge or pay directly to any bank account without having to go through the complex network of financial intermediaries.
Prominent online payment service provider PayU is expanding into four new markets; Costa Rica, El Salvador, Guatemala, and Honduras.
Mexican fintech Aplazo concluded its Series B funding round, securing $70 million, with an additional $45 million in new equity financing.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
In Khalaf's first earnings call as CEO of Marqeta he outlined his intention to steer the company to embedded finance in the new year.
Fintech Clara launched a high-yield payment account in Brazil as it aims to double down on the South American market.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.
F-Prime released their latest State of Fintech report and it shows an industry back on the upswing but with still a lot of work to do.