Tag: LatAm

The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.

FinTech companies in the region raised over $1.1bn in the first quarter of the year with Loft and Nubank closing large investments.

Graviti, a buy now pay later (BNPL) platform focused on unbanked in LatAm, has reportedly scored a $2.5m seed round.

Cybersecurity company Blue Ridge Networks and compliance software developer GlobalSeis have teamed up to improve cybersecurity for the Latin American enterprise markets.

Money exchange platform Valiu has scored $5.25m in its seed round, as it continues its ambition of financially empowering people in Latin America.

Zoop, a Brazilian B2B FinTech services provider, has secured BRL $60m ($10.9m) in a funding round to support the rollout of new services.

Cross-border payment platform dLocal has joined Latin America’s growing list of FinTech unicorns, following the close of a $200m round.

Mexico-based FinTech startup Creze has reportedly raised MXN $265m ($12m) in a funding round from unnamed investors based in the country.

To become a successful payments FinTech in Latin America, it heavily relies on the ability to support local transaction options, according to Simon Davies, the managing director of EBANX in the United Kingdom.

It is common knowledge Latin America is an emerging market, but with FinTech itself being a new ecosystem, it begs the question if the region’s sector is ripe for its adoption.