Tag: Nubank
Propel leads $4.3m investment in Akua, enhancing FinTech innovations in LatAm
Akua, a Latin American-based payment processing platform, has successfully secured a seed investment of $4.3m.
Colombia’s FinTech Activity Rises
Key Latin American FinTech investment stats in Q1 2024:
• Latin American FinTech deal activity reached 46 transactions in Q1 2024, a 48% reduction YoY
•...
Mexican incumbent bank downloads increase 30% outpacing neobanks in 2024
Combined Mexican banking downloads reached 57m in April 2023 – April 2024, a 23% increase YoY. Incumbent banks dominated and saw a combined 39.9m...
Combined Brazilian banking app downloads almost reach 1bn from 2017 –...
Combined Brazilian banking app downloads reached a total of 860m since January 2017 with incumbent banks having a slight edge over challengers with 441m...
Nu given reguatory nod to operate financing company in Colombia
Nu Colombia, a subsidiary under the umbrella of Nubank in the country, has received approval from Colombia's Financial Superintendence (SFC) to operate as a...
Nubank launches personal loans in Mexico
Nubank has announced the launch of personal loans across Mexico, as it looks to bolster its footprint in the nation.
Venture capital giant QED Investors secures nearly $1bn for FinTech investments
QED Investors, a prominent global FinTech venture capital firm, has proudly announced its successful closure of two new funds with combined capital commitments totalling $925m.
Brazil’s CAIXA Tem’s downloads double in Q2 2022
• CAIXA Tem, a lightweight app where you can consult worker services, social benefits, make purchases, payments and transfers with your CAIXA account, was...
WealthTech apps drives Mexico’s FinTech market toward financial freedom
Mercado Pago, the online payment platform for MercadoLibre, was the most downloaded application in Mexico in 2021 collecting an estimated 5.9m downloads. It...
Nubank bolsters its Latin American offering with insurance product
Brazil-headquartered challenger bank Nubank has launched an insurance product, following going public last month, a report by Coverager has revealed.