Land of opportunity: The growth of BNPL in Brazil and South America
Brazil is South America’s biggest market for buy now, pay later (BNPL), and it looks set to keep growing.
Brazil
Brazilian cross-border payments firm Ebanx acquires B2B fintech Juno
Ebanx CEO says acquisition will broaden access to the “very best payment solutions”.
LatAm fintech Pomelo raises $35m in Series A round led by Tiger Global
Fintech claims raise is “one of the largest Series A investment rounds in the history of Latin America”.
Brazilian paytech Hash raises $40m in Series C round
Cash will be used to fuel growth and bring in new tech team hires.
Brazilian core banking firm Pismo lands $108m Series B from Amazon, SoftBank
Pismo plans to break into the US, Europe, and Asia in the coming years.
French fintech Swile lands $200m investment to drive Latin American expansion
Start-up also plans to release two new digital-led products.
Latin American fintech Dock acquires BaaS platform BPP
Dock CEO Antonio Soares says the move will provide “immediate value to our customer base”.
Santander spins out Getnet Brazil with plans to form “merchant acquiring franchise”
Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.
Brazil’s Banco Inter agrees deal to acquire US fintech USEND
The digital banking firm is looking to expand into North America.
Brazilian fintech start-up Cora secures $116m Series B funding to fuel growth
The firm has now raised more than $150 million in total capital.
Nubank aims for IPO worth $55bn to beat traditional rivals
Brazilian challenger wants to smash the valuation of it’s largest legacy rival, Itau.
JP Morgan Chase acquires 40% stake in Brazil’s digital challenger C6 Bank
Launched in 2019, digital bank C6 has more than seven million customers.
Atom Finance raises $28m Series B round led by SoftBank
The firm plans to use the funding to fuel global subscriber growth.
Ebanx raises $430m from Advent International to fuel Latin American growth
Cross-border commerce firm plans to expand its partnership network.
Video: fintech news pick of the week – Nubank raises $750m; Goldman Sachs partners with Visa
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Nubank raises $500m from Buffet-led Berkshire Hathaway in $750m mega-round
The Brazilian digital bank’s Series G funding round has now topped $1.15 billion.
Latin America open finance specialist Belvo raises $43m
The Series A funding round is claimed to be the largest to date for a fintech in Latin America
Colombian BNPL Addi raises $65m in Series B funding round
Addi is continuing a planned expansion into Mexico and Brazil.
B2B card specialist Clara gains $30m in Series A funding
The Mexico-based company is planning expansion in Latin America, starting with Brazil.
Porto Seguro strengthens credit risk with AI-based solution from Brighterion
Porto Seguro has become the first taker in Brazil for the Mastercard company’s AI for Credit Risk.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
São Paulo fintech brokerage Warren lands $55m led by Singapore’s GIC fund
The fintech intends to use the fresh capital to hire more employees.
Caixa Econômica Federal signs 20-year payments deal with Fiserv
New merchants acquiring deal covers transactions online and in-person.
WhatsApp Pay finally gets greenlight from Brazil’s central bank
WhatsApp is only allowed to do P2P payments in Brazil.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
Rabobank in Brazil in banking tech revamp with Oracle
Banco Rabobank International Brasil embarks on a major front-to-back office overhaul with Oracle’s tech.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
Nubank rakes in $400m to fuel expansion in Colombia and Mexico
Brazilian challenger reaches $1.8 billion in total funding raised.
Fintech funding deals globally 18-24 January 2021
Featuring PPRO, iSTOX, Indy, Mercado Bitcoin, and Brigit.
SME credit fintech Dinie lands dLocal deal one year into Brazil play
Dinie was founded in the UK, made in Germany, and designed for Brazil.
Fintech funding deals globally 11-17 January 2021
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
N26 finally lands licence to operate in Brazil
The country’s central bank has granted it a SCD licence.
Brazilian malware Ghimob targets 153 financial apps
Kaspersky researchers believe the malware is ready for a world tour.
WhatsApp Pay finally gets green light from Indian regulators
The launch has been delayed for years since its beta testing in 2018.
Brazil prepares launch of new regulatory sandbox
Country’s central bank wants “integrity, reliability, and security” from participants.
FIS replaces legacy processing tech at Brazil’s Afinz
Afinz switches out legacy in-house tech for FIS processing platform.
Aussie trading app Stake makes leap to LatAm with Brazil launch
“LatAm looks to the US as a beacon,” says COO.
Neon raises $300m in Series C funding to offer underbanked credit
Brazilian challenger back secures Series C in same week as competitor Nubank.
Brazilian challenger Nubank lands $300m
The raise was spotted in a SEC filing.
Wirecard sells assets in Brazil to PagSeguro
The deal is subject to approvals by the Brazilian Central Bank and antitrust authorities.
