Toku has raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses in Mexico, Brazil and Chile. The company will use the new funding to double down on its go-to-market strategy and accelerate...
Onfly raised $40 million in a Series B funding round to support the expansion of its corporate travel and expense management platform into Mexico and other Latin American markets. The company was founded in 2018 and is one of the five largest corporate travel management...
Open payments platform Spreedly has teamed with payment service provider EBANX. The partnership, announced Tuesday (April 8), is designed to help international companies access local payment options in the Latin American (LatAm) region. “As Latin America’s digital commerce rapidly grows, especially in countries like Brazil,...
Brazil’s instant payment system, Pix, will reportedly allow users to pay for transactions in installments, beginning in September. The new feature, Pix Parcelado, will be available to both consumers and businesses, Reuters reported Thursday (April 3), citing Brazil’s central bank. While payers will have the option to pay...
March 12, 2025
For merchants seeking new customers around the globe — to gain top-line momentum through eCommerce — few markets beckon like Latin America. PYMNTS Intelligence has found, as detailed in the “How the World Does Digital” reports, that Brazil, for example, has among the most digitally engaged consumers in the world, using their devices to do […]
January 13, 2025
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and...
December 09, 2024
The passwordless future has long been promised, but has long been just over the horizon — remaining more an aspiration than a reality. Passwords, after all, are sticky. We’ve used...
November 11, 2024
In Latin America, where many consumers are unbanked or underbanked, roughly three-quarters of consumers don’t have credit cards, so prepaid cards are widely used to pay for everything from streaming...
April 24, 2025
A reduction in migration across Latin America led to slower growth in the remittances business at Western Union in the first quarter. The provider of cross-border, cross-currency money movement, payments and digital financial services saw its volume of Consumer Money Transfer (CMT) transactions in the Americas decline by 2% in the first quarter while its […]
April 18, 2025
Toku has raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform focused on mid-market to enterprise businesses in Mexico, Brazil and Chile. The...
April 16, 2025
Onfly raised $40 million in a Series B funding round to support the expansion of its corporate travel and expense management platform into Mexico and other Latin American markets. The...
April 08, 2025
Open payments platform Spreedly has teamed with payment service provider EBANX. The partnership, announced Tuesday (April 8), is designed to help international companies access local payment options in the Latin...
