Parfin's seed round was led by Framework Ventures, one of Silicon Valley's leading managers in the crypto ecosystem.
Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Low multiples could lead to strategic fintech M&A as companies with abundant capital take the opportunity to scoop deals.
Founded in 2019, Capitual has more than 4.5 million customers and records average monthly transaction volume of nearly $1 billion.
Nubank's shares ticked 4% higher on market opening following a surge in profits during the fourth quarter of 2022.
Companies served by EBANX can now offer consumers the ability to pay for online purchases with PIX directly through the checkout.
Five years since Mexico passed the fintech law, industry leaders call for an overhaul to the current regulation.
According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.
Mercado Libre reported strong Q4 2022 results with their fintech division, Mercado Page, leading the way
This capital increase reinforces the confidence of shareholders in the development of PicPay's business plan.