UK fintech Revolut marks Latin America debut with Brazil launch
Revolut will initially offer a multi-currency account and crypto investing for customers.
Brazil
The latest fintech news, resources and expert analysis in Brazil by the leading intelligence provider for the worldwide fintech community.
LatAm open finance platform Belvo acquires Brazilian paytech Skilopay
The deal will see Belvo become “the most complete” account-to-account (A2A) payments provider in Brazil.
Mexico’s Clara secures $60m in equity funding round led by GGV Capital
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
Demystify Podcast: Demystifying social media in banking with Paula Rothman, Nubank
Paula Rothman, Nubank’s social and content lead, explains how the challenger bank harnesses the power of social media.
Visa and Mastercard reportedly in talks to acquire Pismo
Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
Nubank appoints former Meta crypto head David Marcus to board
Marcus previously spent seven years at Meta and co-created the firm’s cryptocurrency Diem (formerly Libra).
Brazilian central bank gives Meta the go-ahead to launch WhatsApp business payments feature
Customers will soon be able to make payments to small businesses directly from WhatsApp.
Thunes appoints Victor Lucena as new head of Latin America
Lucena has previously worked for financial services firms including Binance, Rapyd, Worldpay and PayU.
Inter&Co acquires real estate investment start-up YellowFi
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Brazil’s C6 Bank taps Thought Machine for core banking technology
The bank will be powered by Vault Core, Thought Machine’s cloud-native core banking platform.
Brazil’s Agrolend lands $27m Series B funding
The start-up provides Brazilian farmers access to credit through a mobile-first platform.
Nubank set to launch its own cryptocurrency on Polygon’s blockchain
Nucoin, Nubank’s very own cryptocurrency, is expected to launch in the first half of 2023.
Brazilian payroll-deductible loan fintech Ali raises $25m in Series A round
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
Itaú taps Genesis Global for trade automation tech
Itaú selected Genesis for its “deep domain experience in asset management, trading and financial services”.
Western Union buys Brazilian digital wallet Te Enviei, eyes LatAm expansion
The company expects its products to go live in Brazil in the first half of 2023.
Brazilian fintech Neon raises $80m to support credit portfolio expansion
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
OneConnect partners Pismo for unified digital banking solution, OneCosmo
Pismo and OneConnect entered into a strategic partnership in April this year.
Three things you probably didn’t know about Brazil’s growing fintech sector
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
Brazilian payments app PicPay to launch crypto exchange and stablecoin
PicPay sees crypto as a way to decentralise payments and other financial services.
Creditas lands $50m Series F extension, acquires Andbank’s Brazilian banking licence
Firm hopes new licence will help diversify its sources of funding and grow its portfolio of credit products.
Brazilian fintech unicorn Neon hires André Madeira as new CTO
Madeira brings engineering and product building expertise from stints at Google, Snap, and Coinbase.
FinTech Futures: Top five stories of the week – 20 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Brazilian fintech Nomad raises $32m in Series B funding
Nomad previously raised a $20 million Series A round in July 2021.
Experian buys majority stake in Brazilian fintech MOVA
Experian will buy a 51% stake in MOVA for $7.9 million.
Brazilian fintech Dock lands $110m growth funding at $1.5bn valuation
Dock says the new capital will turbocharge its product development and international expansion plans.
Ebury acquires Bexs to expand its footprint in Brazil
With the acquisition, Ebury aims to expand its offerings in Brazil.
Nubank secures $650m credit line to boost international growth
The neobank is looking to accelerate its growth in Mexico and Colombia.
Brazilian challenger Stark Bank raises $45m funding
Stark Bank, named for founder and CEO Rafael Stark, focuses on high-growth start-ups and enterprises in Brazil.
New challenger Adapta Bank launches in Brazil
Brazil’s latest challenger offers banking services through a free mobile app account.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
Anti-fraud firm ClearSale acquires US tech start-up ChargebackOps for initial $3.6m
“Chargebacks are an enormous and growing problem for e-commerce merchants,” says ClearSale EVP.
Brazilian fintech platform Creditas scores $260m in Series F funding
Creditas is now valued at $4.8bn, with total funding raised to date standing at $829m.
Core banking solution provider Topaz acquires majority stake in Cobiscorp
The acquisition is set to expand the firm’s footprint across the Americas.
Colombian BNPL firm Addi raises $200m to support LatAm expansion
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
Brazilian payments platform Ebanx acquires remittance start-up Remessa Online for $229m
The deal comes less than two months after the firm picked up B2B fintech Juno to drive expansion.
Brazilian neolender Open Co secures $115m funding to boost expansion
The start-up was formed through a merger of two consumer credit platforms earlier this year.
Mexican fintech Clara hits unicorn status with $70m Series B round
The new cash will fund the start-up’s expansion into Brazil.
TruePay raises $32m in one of the largest Series A rounds in Brazil
The B2B BNPL fintech says it will invest in team and product development.
