IDB Invest and IFC team up to launch the Amazon Finance Network
The global network aims to boost the economic development of the Amazon region.
Peru
Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
Chilean digital bank Tenpo partners Dock for new credit card offering
The offering positions Tenpo as a competitor to traditional financial lenders in the country.
Private debt platform Cordada taps Thought Machine for core banking tech
The Chilean firm will use Thought Machine’s Vault Core to develop personalised financial products.
Banco de la Nación del Perú live with Temenos core banking system
The cloud-based Temenos Transact platform supports Cuentas DNI, the bank’s new digital account.
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.
Paysafe signs deal to acquire alternative payments platform PagoEfectivo
The deal is expected to close by the end of August.
ACI and Mastercard partner to provide Peruvian real-time payments
Peruvian clearing house CCE is deploying a collection of systems from the two companies.
SoftBank to invest further $1bn in LatAm fintech, ecommerce and health care in 2020
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
Vocalink to revamp Peru’s payments system
Teams with Cámara de Compensación Electrónica for real-time upgrade.
BIM, Peru’s first mobile money wallet: lessons learnt
Peruvian mobile wallet BIM, described as “the world’s first fully-interoperable national mobile money platform”, will launch new services in H2 2017. It will enable customers to pay electricity, water and telephone bills, as well as have access to micro savings and loans, and micro-insurance.
Lima Exchange sets sights on LatAm expansion with LSE platform
As Peru rapidly grows its economy, the country’s Bolsa de Valores Lima exchange hopes to turn itself into a regional hub for international investors. To that end, the exchange has gone live with a new trading platform, built by the London Stock Exchange’s MillenniumIT subsidiary.
LSE targets Latin American business through Peru deal
The London Stock Exchange Group has entered a partnership with Peru’s Lima Stock Exchange, in which the LSEG will provide trading and smart order routing technology to Peru.
