Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Romance languages such as Spanish and Portuguese are predominantly spoken; it is broader than the terms Ibero-America or Hispanic America.

(source: en.wikipedia.org)

Revolut Invests $100 Million in Mexico as Remittances Jump
Revolut Invests $100 Million in Mexico as Remittances Jump
April 18, 2024  |  Digital Banking

Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said...

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Rappi Getting Ready for IPO ‘When It Makes Sense’
Rappi Getting Ready for IPO ‘When It Makes Sense’
April 11, 2024  |  IPO

Delivery service Rappi is getting ready for a future initial public offering (IPO). The company, which is one of Latin America’s most valuable startups, does not have...

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Ex-PayPal CEO Dan Schulman Joins Valor Capital
Ex-PayPal CEO Dan Schulman Joins Valor Capital
April 10, 2024  |  Personnel

Former PayPal CEO Dan Schulman has been named managing partner at Valor Capital. The firm, which says it launched the first U.S. and Latin American cross-border venture fund in 2011, announced...

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DraftKings and MGM Find New Gaming Frontier in Brazil
DraftKings and MGM Find New Gaming Frontier in Brazil
April 03, 2024  |  International

Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy...

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Brazilian FinTechs Under Pressure as Delinquency Rates Soar
Brazilian FinTechs Under Pressure as Delinquency Rates Soar
March 25, 2024  |  Loans

Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on...

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Marco Raises $12 Million to Support LatAm Trade Finance
Marco Raises $12 Million to Support LatAm Trade Finance
March 19, 2024  |  Investments

Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized...

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Mercado Libre Investing $2.5 Billion to Bolster Growth in Mexico
Mercado Libre Investing $2.5 Billion to Bolster Growth in Mexico
March 15, 2024  |  eCommerce

Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6...

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Nayax to Acquire Brazilian Automated Self-Service Solutions Provider VMtecnologia
Nayax to Acquire Brazilian Automated Self-Service Solutions Provider VMtecnologia
March 07, 2024  |  Acquisitions

As part of a broader push into the Latin American market, Nayax, a global commerce enablement, payments and loyalty platform, announced that it agreed to acquire VMtecnologia....

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Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
March 01, 2024  |  Personnel

Mercado Libre, an eCommerce and payments platform in Latin America, appointed Andre Chaves as the new head of its FinTech business in Brazil. “Very humbled and excited...

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