Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
According to Creditas' recently released figures, the company recorded a loss of $26 million, a 60% drop from the same period in 2022.
Fairplay provides technology and financing solutions for e-commerce businesses and marketplace sellers in Mexico.
More than a year after it would expand to Latam, British neobank Revolut has officially launched in Brazil with its global account product.
Brazil's Minister of Finance criticized "stratospheric" revolving credit card interest rates amid a campaign to push through economic reforms.
Chile's fintech Migrante to acquire a motorcycle loan startuup in Colombia. It also changed its name to Galgo, or "greyhound" in Spanish.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.