Franq's Series A extension was led by Quona Capital and had the participation of Globo Ventures and Valor Capital Group.
Nubank is doubling its bets in crypto technology. The neobank announced plans to develop its virtual token to drive a loyalty program.
Western Union announced plans to deploy its digital banking offering in South America's largest economy.
Celcoin wants to make its BaaS service a one-stop-shop for these types of solutions to meet the growing demand in the Brazilian market.
Venture capital investments into LatAm fintech startups dropped further in the third quarter of the year, following a sharp reversal in global markets that drove investors away from assets generally perceived as risky.
Shares of the e-commerce giant jumped 8% on Nov. 4 following the release of third-quarter results on the back of a strong performance of its financial technology division, Mercado Pago.
This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
Funds such as Soma Capital, GBV, Techstars, Devlabs, Ripio Ventures, and Platanus Ventures also joined Arch's investment round.
Cortex collaborates with several fintechs and giants of the financial market in Brazil, such as BTG Pactual and XP.
Fintech innovation agenda in Brazil could prevail in the upcoming years, even as recent elections herald change at the country's top office.