On The Web

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Global

EBANX Partners with PicPay to Offer New Payment Option in Brazil

December 1 2020

• in
• Fintech
• Latin America

“EBANX, a Latin American fintech specialised in local payment solutions for global merchants, has partnered with PicPay, the largest digital wallet in number of users in Brazil, to offer a new payment option in the country. International companies that adopt EBANX’s solutions to sell in Brazil through digital payment accounts can now offer PicPay as one of […]

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Companies

Mastercard & Juvo to provide financial services to underbanked consumers in Latin America

November 19 2020

• in
• Latin America
• Mastercard

“Juvo, a pioneer of financial identities for the underbanked, today announced a new partnership with Mastercard. Juvo was accepted into Mastercard’s global fintech startup engagement program, Start Path, last August. Now, Juvo is collaborating with Mastercard’s Latin America and Caribbean (LAC) team to introduce its FiDaaS (Financial Identity as a Service) platform to hundreds of financial […]

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Deals

Transforming Latin American Corner Stores: Chiper Carries In $12M Series A

October 16 2020

• in
• Latin America

“Chiper has been amassing a network of digitized corner stores in Latin America for the past two years. Now armed with $12 million in Series A funding, the Colombia-based e-commerce platform for independent merchants is poised to capture even more corner-store retailers.”

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Global

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

October 13 2020

• in
• Latin America
• Small and Medium Business

“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

October 9 2020

• in
• Fintech
• Latin America

“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

Latin American mega-retailer reaches underbanked with cross-brand financing app

August 21 2020

• in
• Latin America

“Unicomer Group, Latin America’s equivalent of Best Buy, has teamed up with YellowPepper to develop a digital credit app that acts as a financial services center for underbanked and unbanked consumers. The Emma (Easy Mobile Money Access) app enables customers to apply digitally for multi-purpose installment loans and spend the funds at Unicomer stores and […]

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Domains

MercadoLibre Tops $50 Billion in Value Amid E-Commerce Boost

July 7 2020

• in
• Latin America
• Remote Commerce

“Shares of Latin America’s largest e-commerce marketplace MercadoLibre Inc. climbed above $1,000 for the first time as online sales surge in the region amid the coronavirus pandemic. Up 78% this year, MercadoLibre has benefited from a growing number of consumers that are either buying online for the first time or increasing the frequency of their […]

On The Wires

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Deals

Arcus Announces Funding from Citi Ventures to Fuel Expansion and Partnerships in Latin America

November 3 2020

• in
• Fintech
• Latin America

“Arcus, the Fintech-as-a-Service (FaaS) platform making fintech possible for everyone, today announced an investment from Citi Ventures for an undisclosed amount. This marks the first investment by Citi Ventures in a fintech company in Mexico, a country that has been experiencing significant growth in the fintech sector.”

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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

August 11 2020

• in
• APAC
• Latin America

“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

June 10 2020

• in
• Buy Now Pay Later
• Latin America

“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 […]