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.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
Buy Now Pay Later startups in Latin America could provide a way for lenders to finally reach the underbanked.
This is the first acquisition in the history of the Open Finance platform, which was created in 2019 by Pablo Viguera and Oriol Tintoré.
Here are the most read news stories from our daily newsletter today: Open Banking in Brazil: all questions answered by...
Credit granted by fintechs in Brazil reached 55 billion reais in 2021, up tenfold in the 2016-2021 period, according to Serasa Experian.
Argentine banks sued Mercado Libre for alleged dominant position in the market, while the fintech responded by dennouncing "cartelization".
Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
Argentina's market regulator launched a fintech innovation hub, a likely first step toward issuing cryptocurrency and fintech regulation.