When considering mergers and acquisitions in Latin America, companies better have a well-thought-out strategy before proceeding, a panel of experts agreed at LendIt Fintech LatAm 2021, held Dec. 7-8 in Miami, Fla.
This new investment tripled Menta's valuation, which now plans to consolidate its position in Mexico, Colombia, and Argentina.
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Yave, a mortgage and credit fintech that aims to capture the Mexican mortgage market, won the day after an excellent presentation by co-founder and CEO Bernardo Silva. He said he wanted to break into the slow-moving trad marketplace for mortgages and help brokers put the mortgage right into the sales process.
According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.
After several months developing, leading financial group Credicorp launched its digital banking unit iO to cater to young Peruvians.
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Funding for Latin American fintechs surged in the first quarter, raising hopes that the worst for the industry may be behind it.
The digital payments ecosystem is rapidly growing in LatAm, and with it, QR code payments are now one of the most used services
Fintechs are diversifying to survive, adding solutions to monetize their customer base and reduce dependence on riskier lines of business.