Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
Open finance is growing fast in Brazil, with progress in regulation paving the way for new opportunities for local fintechs.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
Last month, Citi Ventures, the U.S. bank's VC unit, announced an undisclosed investment in Belvo, a Mexican open banking infrastructure firm.
Nubank has finally reached breakeven, sending bolstering signs that ripple across the regional fintech ecosystem.
AltScore is planning to use the resources raised to boost its integrated credit platform in Latin America.
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Mexican fintechs Klar and Konfio tap $100 million credit lines from U.S. firms to boost lending in the country.
The president of the Central Bank of Brazil announced Pix protocols would be made available to other regulators.
According to Creditas' recently released figures, the company recorded a loss of $26 million, a 60% drop from the same period in 2022.
Progress in open banking regulation in the region is paving the way for new business models to emerge in the wake of greater financial data integration and growing fintech infrastructure.