Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
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With competition for consumer attention fierce, the best businesses are looking to embedded finance to innovate existing loyalty strategies.
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Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
'If you have the right business ball on the right day and in the right situation, there is capital going to certain companies'
Tala CEO Shivani Siroya not only points to the idea of building trust to grow a customer base but also belief in her instincts.
'There are going to be a lot of M&As in the market. There's going to be a lot of innovation and focus on unit economics'
Rohit Chopra took to the stage to discuss imminent rules that could spark a competitive open banking revolution.