Tag: Nubank

AI-native Islamic digital bank Mal raises $230m round

Mal, an AI-native Islamic digital bank in development, has announced plans to launch as a mobile-first financial platform headquartered in Abu Dhabi, following a...

Nubank hires Slack design veteran to boost UX strategy

Nubank, one of the world’s largest digital financial platforms, has appointed Ethan Eismann as its first-ever chief design officer (CDO), highlighting the company’s growing investment in user experience as it expands its product ecosystem.

Simetrik bags $85m to automate financial reconciliation with AI

Simetrik, a FinTech company specialising in AI-driven financial reconciliation, has secured a total of $85m in Series B funding to support its global expansion.

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.

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