Creditas made a bold acquisition in the context of uncertainty, as valuations for many fintechs plunged amid rising rates and volatility.
Nubank announced it had expanded its customer base sixfold over the past year, reaching a total of 2.7 million customers from 0.4 million.
LinkedIn's "Top Startup 2022 in Latin America" list highlights the work of the most promising and innovative companies of the year.
Open Finance is still a new concept in Colombia. However, the country is catching up with a series of regulatory initiatives.
The Central Bank of Brazil announced a new string of regulations that would demand higher capital reserves for large-scale fintechs.
Pix achieved the milestone of 3 billion monthly transactions in March, up from a previous record of 2.8 billion by the end of last year.
Funds such as Soma Capital, GBV, Techstars, Devlabs, Ripio Ventures, and Platanus Ventures also joined Arch's investment round.
The fintech ecosystem in Latin America and the Caribbean has doubled in size in the past three years, with trends showing signs of maturity.
Kredito was founded in 2018 to create a solution that would provide "fair interest rate" loans to startups and small-cap companies.
As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.