For Raízen, the acquisition of Payly represents the first step in developing this payments unit — and a new source of revenue.
The appearance of Techreo is one of the latest examples of financial technology firms looking to acquire clients at the base of the pyramid.
These funds should allow Blipay to expand its credit line in the payroll anticipation sector — where it seeks to become a relevant player.
Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.
Digital bank G10 is the first of its kind in a Brazilian favela, low-income areas which together account for roughly 17 million citizens.
Mexico's Kapital announced an expansion into Colombia, fueled by a $100 million credit line from Sivo, a debt-as-a-service company.
Here are the most read news stories from our daily newsletter today: SoftBank commits $3B more to investing in Latin...
Kueski plans to launch new products this year as it seeks to serve the underbanked. BNPL application rising on the back of e-commerce.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.
Despite fintechs making inroads, a recent survey shows inclusion progress has not been as swift as expected, especially for women.