Mexican fintech Clara secures up to $90m in debt financing
The fresh financing follows a $150 million debt facility from Goldman Sachs in August last year.
The fresh financing follows a $150 million debt facility from Goldman Sachs in August last year.
Marcus previously spent seven years at Meta and co-created the firm’s cryptocurrency Diem (formerly Libra).
The debt funding will be complemented by a seed equity round that Plurall is currently raising.
Toperty is based in Colombia and Saturn5 is based in Mexico City.
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
PayU has invested more than $1 billion in fintech companies to date.
Accel, Kaszek and Y Combinator also participated, as well as a number of angel investors.
The neobank is looking to accelerate its growth in Mexico and Colombia.
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
Simetrik says the cash will go towards key hires and fueling its global expansion plans.
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FinZi has already secured a pre-seed capital raise worth $350,000.
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
Tribal says the Latin American region represents a $175 billion market opportunity.
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
German banking vendor signs a pair of new deals spread across the globe.
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The Brazilian digital bank’s Series G funding round has now topped $1.15 billion.
The Series A funding round is claimed to be the largest to date for a fintech in Latin America
Addi is continuing a planned expansion into Mexico and Brazil.
Brazilian challenger reaches $1.8 billion in total funding raised.
SunTec says it has partnered with TCS “for a first-of-its-kind deployment in Latam”.
Omni operates across Chile and Colombia.
The firm is also looking to hire between 40-50 new developers.
Addi delivers credit at the time of payment for a product or service.
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
Exclusive interview: “We’re a small start-up doing the work of big players,” says Minka CEO.
The acquisition is a gateway for Evertec to tap Colombia and Ecuador.
Ecommerce is booming in Colombia.