BTG's recent move anticipates a scenario that should be commonplace starting next year in Brazil.
Amazon launched a credit card product in Brazil in an effort to compete with Mercado Libre and ramp up its fintech strategy in South America.
Insurtech Betterfly has acquired several regional startups to accelerate growth Recently, it doubled its bet in Brazil by purchasing SeuVale.
Instant payment system Pix has overtaken credit and debit cards as the most used means of payment in Brazil.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
After years of waiting, the central bank of Brazil has finally authorized Meta's WhatsApp merchant payment system.
With a focus on money education, fintech companies have a renewed sense of purpose in creating greater financial inclusion for all.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
BNPL credit models are growing in Latin America's fintech sector, with major investments recorded even as rising rates deter risk appetite.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.