The case is especially worrisome for startups that offer payment services, such as digital wallets.
With the new investment, Finkargo plans to accelerate the growth of more than 600 companies in the international trade sector.
David Velez founded Nubank in 2013 with the idea of taking on big banks in Brazil and leveraging technology to change how financial products are served in the country radically.
Latin America's digital bank Nubank reported a record net income in Q4 as it continues to grow in Mexico, Colombia and Brazil.
askRobin is based in Estonia but serves consumers in Latin America; the company first started in Mexico in late 2017,...
A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Neobank Inter in Brazil has recently reached 30 million customers. Exclusive Q&A interview with CEO João Vitor Menin to discuss strategy.
Despite a challenging scenario for Latin American fintechs, neobanks and digital wallets in Brazil continue to sign up millions of clients.