Payments News

On The Web

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Global

Hoping to be LatAm’s Top Digital Bank for SMBs, Xepelin Launches a Lending and Revenue Management Service

“There’s another entrant in the startup race to provide financial services to Latin America’s small and medium-sized businesses. Financial services have been a huge opportunity for startups coming out of Brazil, Colombia and Mexico in recent years, and now Xepelin , a new company from Chile, is looking to join the fray.”
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Global

Colombian Fintechs Fill Latin American Banking Gaps

“When it comes to smartphone apps, banks in Latin America have been behind the curve. Movizzon, a Colombian fintech company, is helping them change that. The company buys thousands of smartphones into which it installs two apps: its own, and that of its bank clients. Movizzon’s app then takes control of the dummy phones, logging […]
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Global

3 Biggest Fintech Trends Shaping Latin America

“Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American population with smartphones hit 61% , and LAVCA predicts it will reach 76% by 2025. In Brazil, for […]

On The Wires

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Global

Rapyd and PayMyTuition partner to enable students across Latin America and Asia Pacific to make international tuition payments in minutes

“Rapyd, a global Fintech as a Service company, announced today a partnership with PayMyTuition, a leading provider of technology-driven global payment processing solutions for international tuition payments, that expands PayMyTuition’s ability to accept payments via bank transfers from several countries in Latin America and Asia Pacific through Rapyd’s platform, using a single API integration.”
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Deals

Colombian Point of Sale Financing Platform ADDI Raises $15 Million Series A Extension

“ADDI, a Bogota-based provider of point of sale (POS) financing solutions for Latin America, today announced the close of an equity financing of $15 million. The round was led by Quona Capital, a venture firm focused on fintech in emerging markets, alongside existing investors Andreessen Horowitz and Monashees, and new investors S7 Ventures, Foundation Capital […]