LatAm SME financial services platform Xepelin raises $111m Series B
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
South America
Colombian fintech Minka lands $24m
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
PayU acquires Ding and invests in Treinta to boost presence in Latin America
PayU has invested more than $1 billion in fintech companies to date.
Anti-fraud platform SEON raises $94m Series B to fuel global expansion
The start-up will use the fresh capital to expand throughout North America, LatAm and APAC.
Colombian fintech Truora raises $15m Series A led by BBVA fund
Accel, Kaszek and Y Combinator also participated, as well as a number of angel investors.
Nubank secures $650m credit line to boost international growth
The neobank is looking to accelerate its growth in Mexico and Colombia.
Brazilian challenger Stark Bank raises $45m funding
Stark Bank, named for founder and CEO Rafael Stark, focuses on high-growth start-ups and enterprises in Brazil.
Spain’s Ritmo lands $200m in debt funding to drive growth
The Madrid-based company has raised $225 million to date in debt and equity funding.
Spanish payments firm PayRetailers scoops up two LatAm e-commerce platforms
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
New challenger Adapta Bank launches in Brazil
Brazil’s latest challenger offers banking services through a free mobile app account.
Colombian fintech start-up Simetrik lands $24m Series A funding
Simetrik says the cash will go towards key hires and fueling its global expansion plans.
ICYMI fintech funding round-up: Mistho, Plurall, Rupifi
Our weekly fintech round-up for you to get the latest funding news from around the world.
BancoEstado picks Entrust solutions for identity and card issuance
The Chile-based bank has turned to its existing supplier for cloud-based authentication.
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.
Youth-focused fintech FinZi set to launch in Colombia
FinZi has already secured a pre-seed capital raise worth $350,000.
Core banking tech vendor Technisys acquired by SoFi Technologies
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
Colombian neobank Plurall launches to serve LatAm’s SMEs and entrepreneurs
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
Revolut names Ibrahim Dusi as chief risk officer for Americas
Dusi joins Revolut from US-based lender Happy Money, where he spent eight years.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Banco Pichincha in trade finance tech overhaul with Surecomp
Equador’s largest bank will deploy Surecomp’s Trade Finance-as-a-Service (TFaaS) solution.
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.
Colombian paytech Bold secures $55m Series B to boost financial inclusion
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
Chilean digital lender Mento goes live with Mambu’s tech
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
Anti-fraud firm ClearSale acquires US tech start-up ChargebackOps for initial $3.6m
“Chargebacks are an enormous and growing problem for e-commerce merchants,” says ClearSale EVP.
Brazilian fintech platform Creditas scores $260m in Series F funding
Creditas is now valued at $4.8bn, with total funding raised to date standing at $829m.
Core banking solution provider Topaz acquires majority stake in Cobiscorp
The acquisition is set to expand the firm’s footprint across the Americas.
Colombian BNPL firm Addi raises $200m to support LatAm expansion
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
Brazilian payments platform Ebanx acquires remittance start-up Remessa Online for $229m
The deal comes less than two months after the firm picked up B2B fintech Juno to drive expansion.
Brazilian neolender Open Co secures $115m funding to boost expansion
The start-up was formed through a merger of two consumer credit platforms earlier this year.
Mercado Libre muscles into Chilean paytech space with Redelcom acquisition
Mercado Libre says it is looking to “consolidate its value proposition in Chile”.
Mexican fintech Clara hits unicorn status with $70m Series B round
The new cash will fund the start-up’s expansion into Brazil.
TruePay raises $32m in one of the largest Series A rounds in Brazil
The B2B BNPL fintech says it will invest in team and product development.
Mastercard acquires Latin American Start Path protégé Arcus
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
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.
Argentinian fintech Ualá to acquire Mexico’s ABC Capital
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
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.
