Picpay was expecting to break even only in the middle of 2024 and could prepare again to go public on the New York Stock Exchanges.
Finance minister and frontrunner in Argentina presidential elections announced the digital Peso project, against crypto critics.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
Digital bank Zenus to acquire LatAm-focused payments fintech Fuex as it seeks to expand its reach to Latin American clients.
Creditas aims to reach breakeven in 2023. It has reduced losses for five straight quarters and is repricing the portfolio with higher rates.
Nubank, the largest digital bank in Latin America, officially launched Nucoin. It is a free-of-charge token that rewards the most loyal users.
QED raised $1B in funding to back fintech startups. Partner Mike Packer talked to Fintech Nexus to discuss its impact on Latin America.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.