According to the authorization announcement, the new payment institution of Pomelo will be headquartered in São Paulo.
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.
E-commerce giant Mercado Libre will invest $3.6 billion in Brazil, with its fintech unit as one of the major growth drivers in Latin America.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
Pix is a constantly-evolving product, with new features being recurringly rolled out. What is next for Pix this 2023?
Creditas aims to reach breakeven in 2023. It has reduced losses for five straight quarters and is repricing the portfolio with higher rates.
Barte aims to scale its operations with the bolstered cash, launching a new credit product later this year.
According to Belvo, the new product will function as a gate for users to initiate payments directly inside third-party apps.
After years of waiting, the central bank of Brazil has finally authorized Meta's WhatsApp merchant payment system.
Companies served by EBANX can now offer consumers the ability to pay for online purchases with PIX directly through the checkout.