Colombian fintech Minka lands $24m
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
PayU has invested more than $1 billion in fintech companies to date.
The start-up will use the fresh capital to expand throughout North America, LatAm and APAC.
Accel, Kaszek and Y Combinator also participated, as well as a number of angel investors.
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.
The Madrid-based company has raised $225 million to date in debt and equity funding.
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
Brazil’s latest challenger offers banking services through a free mobile app account.
Simetrik says the cash will go towards key hires and fueling its global expansion plans.
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The Chile-based bank has turned to its existing supplier for cloud-based authentication.
The cloud-based Temenos Transact platform supports Cuentas DNI, the bank’s new digital account.
FinZi has already secured a pre-seed capital raise worth $350,000.
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
Dusi joins Revolut from US-based lender Happy Money, where he spent eight years.
“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.
Equador’s largest bank will deploy Surecomp’s Trade Finance-as-a-Service (TFaaS) solution.
Tribal says the Latin American region represents a $175 billion market opportunity.
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
“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.
Mercado Libre says it is looking to “consolidate its value proposition in Chile”.
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.
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
Brazil is South America’s biggest market for buy now, pay later (BNPL), and it looks set to keep growing.
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
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.