Santander reportedly looks to boost investment banking operations with new hires
Reuters reports Santander is making at least 50 new hires in a push to become a major investment banking player.
Reuters reports Santander is making at least 50 new hires in a push to become a major investment banking player.
The capital will be used to accelerate its growth in Mexico and fuel its international expansion plans.
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
The transaction is subject to regulatory approvals and is expected to close by the end of this year.
The new digital banking platform for Latin Americans is expected to go live in the coming months.
The central bank plans to test Ripple’s CBDC platform in a controlled environment.
Our weekly fintech round-up for you to get the latest funding news from around the world.
For Stori, it is the second debt facility from CIM, following a $75m debt facility in November 2021.
Bamboo believes it is in “a unique position” to capitalise on the growth in the digital payments space in the region.
With the funding, Kiwi plans to introduce new products and reach more customers across US and Latin America.
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
Revolut will initially offer a multi-currency account and crypto investing for customers.
Bunker will make it easier for LatAm consumers to open and manage US investment accounts.
The deal will see Belvo become “the most complete” account-to-account (A2A) payments provider in Brazil.
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
Paula Rothman, Nubank’s social and content lead, explains how the challenger bank harnesses the power of social media.
Founded last year and based in Puerto Rico, FUEX Payments operates in the Caribbean and Latin American markets.
Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
Qik’s CEO says they chose Temenos owing to its “successful track record” across Latin America.
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).
Customers will soon be able to make payments to small businesses directly from WhatsApp.
Lucena has previously worked for financial services firms including Binance, Rapyd, Worldpay and PayU.
FinTech Futures sits down for a chat with Mushegh Tovmasyan, founder of Zenus Bank.
Marco says the combined funding will support its ambition to “close the $2 trillion global trade finance gap”.
Diners Club Ecuador has gone live on Temenos’ cloud-native banking platform with AWS.
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Grainger brings 20 years of banking and payments experience to his new role.
The bank will be powered by Vault Core, Thought Machine’s cloud-native core banking platform.
The start-up provides Brazilian farmers access to credit through a mobile-first platform.
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
Nucoin, Nubank’s very own cryptocurrency, is expected to launch in the first half of 2023.
The bank is expecting to invest up to €300m in the strategic partnership.
Kushki says Billpocket will help it grow its paytech business threefold in Mexico.
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
Itaú selected Genesis for its “deep domain experience in asset management, trading and financial services”.
The company expects its products to go live in Brazil in the first half of 2023.
The credit line is designed to help finance further expansion into Mexico, Bloomberg reports.
The debt funding will be complemented by a seed equity round that Plurall is currently raising.
Latin American fintech start-ups Belvo and Rebill are among the lucky recipients of new funds.