LatAm

MercadoLibre Joins Discussions to Apply for Mexican Banking License
MercadoLibre Joins Discussions to Apply for Mexican Banking License
May 21, 2024  |  Banking

MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators...

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EBANX Teams With Brazil’s FastSpring to Expand Pix Usage
EBANX Teams With Brazil’s FastSpring to Expand Pix Usage
April 25, 2024  |  Partnerships

FastSpring and EBANX have teamed to expand the usage of the Pix payment in Brazil. FastSpring, based in Brazil, powers payments for global Software-as-a-Service and software companies. EBANX...

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Brazilian Shoppers Surpass US, UK Counterparts in P2P Payments
Brazilian Shoppers Surpass US, UK Counterparts in P2P Payments
April 24, 2024  |  Consumer Insights

Despite outsized growth in Click-and-Mortar™ shopping opportunities in Brazil during the last three years, retailers there still don’t offer 39% of the digital features consumers...

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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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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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Optimism in Fleet and Mobility Sector Fuels Use of Working Capital
Optimism in Fleet and Mobility Sector Fuels Use of Working Capital
March 12, 2024  |  Business

All companies in growth mode need access to capital, whether to fund short-term operational needs, mitigate unexpected expenses or execute plans for growth. One key...

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Bakkt Expands Crypto Trading Capabilities to 5 More Countries
Bakkt Expands Crypto Trading Capabilities to 5 More Countries
January 24, 2024  |  Cryptocurrency

Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt’s footprint in Latin America and marks its...

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PayPal, Samsung Join LatAm-Focused FinTech Prometeo’s $13 Million Series A
PayPal, Samsung Join LatAm-Focused FinTech Prometeo’s $13 Million Series A
January 12, 2024  |  Investments

Prometeo, a Uruguay-based FinTech infrastructure company focused on financial institutions in Latin America, has raised $13 million in Series A funding.  The funding round was...

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Latin American FinTech Clara Launches Payment Account in Brazil 
Latin American FinTech Clara Launches Payment Account in Brazil 
November 28, 2023  |  Latin America

Clara, a Latin American FinTech company, has launched a payment account in Brazil.  The new payment account offering complements Clara’s existing range of products, which...

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