Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.
Here are the most read news stories from our daily newsletter today: Fintech focused Mouro Capital Joins Mexico’s Digital Freight...
Rappi prides itself on providing anything people want at any time. With such a lofty aim, it is only logical that sooner or later, the company would look to financial services to increase that convenience even further.
Here are the most read news stories from our daily newsletter today: Latin America has a record of over $6...
Brazil, the largest country in Latin America, is moving closer to regulating cryptocurrencies with its own version of a Bitcoin law.
Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.
Peruvian financial entities are preparing a system that will enable interconnection between several fintechs to boost direct payments.
This is Visa's second offer for the Brazilian fintech. Previously, the American company offered $1 billion to acquire the startup, but the offer was refused.
Xepelin announced that global investment banking giant Goldman Sachs had provided it with a $140 million asset-backed securities credit line.