Chilean fintech Xepelin lands $140m credit line from Goldman Sachs
The credit line is designed to help finance further expansion into Mexico, Bloomberg reports.
The credit line is designed to help finance further expansion into Mexico, Bloomberg reports.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
The Chile-based bank has turned to its existing supplier for cloud-based authentication.
Tribal says the Latin American region represents a $175 billion market opportunity.
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
Mercado Libre says it is looking to “consolidate its value proposition in Chile”.
Mambu hails choice from market “plagued by legacy systems”.
The hackers are believed to be criminal cybergang REvil.
The two firms completed the implementation remotely.
Omni operates across Chile and Colombia.
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
The bank support firm wants to make integrations easier for merchants.
PSP will help international merchants to accept local cards.
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.
The rise and rise of LatAm fintech.
The bank reports it was forced to disconnect every PC and terminal.
Is it a bank? Is it a café? It is both!