The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
Mexican fintech Kapital raised $40 million in a series-B funding this month and $125 million in debt financing to expand to new markets.
Kueski plans to launch new products this year as it seeks to serve the underbanked. BNPL application rising on the back of e-commerce.
Despite the crypto-winter, Mexican cryptocurrency unicorn Bitso is expanding its reach in Latin America, and they added a QR code feature.
Marco, a fintech startup lending to exporters in Latin America, secured a $200 million line to expand its financing business.
Diego Fleischmann co-founded Migrante in 2018, a Chilean fintech aimed at providing financial services to immigrants and the underbanked.
The company develops secured loans for motorcycles, cars and trucks so borrowers can improve their income.
According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.