Mexican small businesses are being hit by the pandemic just as much as other markets and they are in desperate...
How the Mexican SME lender went from startup to baking-licensed neo-bank looking at a NASDAQ-listed SPAC at a valuation of $547 million.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
Latin America's leading e-commerce Mercado Libre reported 49 million fintech customers in the quarter, up 40% year over year.
Latin America Ebanx expects growth in alternative payment methods as e-commerce continues to grow in the region, as well as in Africa.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
In Mexico's difficult landscape for credit, Kueski has become one of LatAm's largest BNPL and consumer credit firms. It's all down to data.In Mexico's difficult landscape for credit, Kueski has become one of LatAm's largest BNPL and consumer credit firms. It's all down to data.
LatAm fintechs have a massive advantage over traditional financial companies: a lack of a robust, cost-heavy physical infrastructure that thwarts cross-border expansion.