Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
Parfin's seed round was led by Framework Ventures, one of Silicon Valley's leading managers in the crypto ecosystem.
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.
Marco, a fintech startup lending to exporters in Latin America, secured a $200 million line to expand its financing business.
Financial arm of the major Brazilian retailer now facilitates cryptocurrency trading for millions of users of its digital wallet, MagaluPay.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.
The island seeks to consolidate itself as a leading Caribbean fintech hub, with 55 reported fintech companies as of 2021.
In eight months since its creation, Clara became a unicorn, the fastest Latin American startup to obtain this designation yet.
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