Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Chile's fintech Migrante to acquire a motorcycle loan startuup in Colombia. It also changed its name to Galgo, or "greyhound" in Spanish.
Toku raised $7 million to expand digital collection services in Latin America. The fintech will boost its current Mexico strategy.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
Chilean Datamart raised $6.3 million in a seed round to expand into Mexico. Moonvalley Capital led the funding.
Kredito was founded in 2018 to create a solution that would provide "fair interest rate" loans to startups and small-cap companies.
Xepelin announced that global investment banking giant Goldman Sachs had provided it with a $140 million asset-backed securities credit line.
In two years, Spin has quickly carved out a place of itself as one of the most relevant fintech players in Mexico.
Open Finance is still a new concept in Colombia. However, the country is catching up with a series of regulatory initiatives.
Open banking regulation is moving forward with Colombia the latest to announce a plan to develop a framework for sharing financial info.