Brazilian payroll-deductible loan fintech Ali raises $25m in Series A round
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
Itaú selected Genesis for its “deep domain experience in asset management, trading and financial services”.
The company expects its products to go live in Brazil in the first half of 2023.
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
Pismo and OneConnect entered into a strategic partnership in April this year.
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
PicPay sees crypto as a way to decentralise payments and other financial services.
Firm hopes new licence will help diversify its sources of funding and grow its portfolio of credit products.
Madeira brings engineering and product building expertise from stints at Google, Snap, and Coinbase.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Nomad previously raised a $20 million Series A round in July 2021.
Experian will buy a 51% stake in MOVA for $7.9 million.
Dock says the new capital will turbocharge its product development and international expansion plans.
With the acquisition, Ebury aims to expand its offerings in Brazil.
The neobank is looking to accelerate its growth in Mexico and Colombia.
Stark Bank, named for founder and CEO Rafael Stark, focuses on high-growth start-ups and enterprises in Brazil.
Brazil’s latest challenger offers banking services through a free mobile app account.
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Tribal says the Latin American region represents a $175 billion market opportunity.
“Chargebacks are an enormous and growing problem for e-commerce merchants,” says ClearSale EVP.
Creditas is now valued at $4.8bn, with total funding raised to date standing at $829m.
The acquisition is set to expand the firm’s footprint across the Americas.
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
The deal comes less than two months after the firm picked up B2B fintech Juno to drive expansion.
The start-up was formed through a merger of two consumer credit platforms earlier this year.
The new cash will fund the start-up’s expansion into Brazil.
The B2B BNPL fintech says it will invest in team and product development.
Brazil is South America’s biggest market for buy now, pay later (BNPL), and it looks set to keep growing.
Ebanx CEO says acquisition will broaden access to the “very best payment solutions”.
Fintech claims raise is “one of the largest Series A investment rounds in the history of Latin America”.
Cash will be used to fuel growth and bring in new tech team hires.
Pismo plans to break into the US, Europe, and Asia in the coming years.
Start-up also plans to release two new digital-led products.
Dock CEO Antonio Soares says the move will provide “immediate value to our customer base”.
Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.
The digital banking firm is looking to expand into North America.
The firm has now raised more than $150 million in total capital.
Brazilian challenger wants to smash the valuation of it’s largest legacy rival, Itau.
Launched in 2019, digital bank C6 has more than seven million customers.