Here are the most read news stories from our daily newsletter today: A Buffett-backed Brazilian fintech firm is reportedly planning...
After Pix and Open Finance, the central bank of Brazil is closing in on the launch of Drex, its central bank digital currency.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
Mexican Konfio upsized its borrowing line with Goldman Sachs and Gramercy as it seeks to increase SME lending in the region.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
Fintechs in Brazil are taking a more cautious approach to credit in the face of rising delinquencies and inflation.
Founded in 2019, Capitual has more than 4.5 million customers and records average monthly transaction volume of nearly $1 billion.
According to the company, the goal of this expansion is to consolidate the fintech as one of the major players in LatAm, helping small businesses to reduce costs with payments by improving their financial management.
BNPL credit models are growing in Latin America's fintech sector, with major investments recorded even as rising rates deter risk appetite.
This new funding will allow Trii to expand operations in three key countries in the region: Colombia, Peru and Chile.