Tagged: chile

Latin America: Consumers in Chile Are Verifying their World ID as Worldcoin Project Continues to Expand Globally

Over 200,000 consumers have reportedly verified their World ID in Chile as demand for the privacy-preserving digital identity protocol continues to grow following the Worldcoin project launch in July. In a country with approximately 19.5M residents, that’s “over 1% of the population.” In order to… Read More

Latin America based Startups Are Laying Off Workers, LatAm Now Expecting More IPOs, Report Claims

Startups in Latin America are reportedly laying off staff members and are now expecting significantly more initial public offerings (IPOs) by 2024. According to reports, around two-thirds or roughly 67% of Latin American firms have now laid off staff members during the past 18 months,… Read More

Brazil’s Dock, a Payments Fintech, Announces Chilean Digital Bank as New Client

Dock, a B2B technology company for payments and banking, announced that Tenpo, Chile’s largest digital bank with more than 2.2 million customers, is now “a customer of the Brazilian company.” Dock’s expertise and infrastructure is “behind the issuing and processing technology that Tenpo is using… Read More

Digital Assets: Bitfinex, Chile’s OrionX to Enable Crypto Adoption in Latin America

Bitfinex, a  digital asset trading platform, has announced a new investment in the leading Chilean crypto firm Orionx, as both companies look “to ramp up efforts to promote financial freedom and inclusion throughout Latin America.” Paolo Ardoino, CTO at Bitfinex, said: “We’re excited to collaborate… Read More

LatAm Fintech PayRetailers Acquires Chile’s Paygol, Colombia’s Pago Digital

PayRetailers, the LatAm Fintech payment specialist, has announced the acquisition of two online payments platforms, Chile’s Paygol and Colombia’s Pago Digital. The two acquisitions “strengthen PayRetailers’ breadth and depth as the company moves to realise the potential of e-commerce payments across Latin America.” Paygol and… Read More

Mercado Libre Is Acquiring Redelcom to Enhance its Strategy in Payment Systems

Mercado Libre, a tech company and one of the largest digital commerce firms in Latin America, confirms the acquisition of Redelcom, a Chilean firm that has been operating since 2010 as a payment services provider and in October 2019 started providing point-of-sale (POS) terminals with… Read More

Chile: Automated Investment Platform Fintual Raises $15 Million

Fintual, a “General Fund Administrator” regulated in Chile by the Commission for the Financial Market, has raised $15 million in a funding round led by KaszekVentures. As quoted in TechCrunch, Pedro Pineda, co-founder and CEO of Fintual, said in creating his company he wanted to… Read More

EVO Payments to Acquire Chile’s Pago Fácil, a Digital Commerce Payment Platform

EVO Payments, Inc. (NASDAQ: EVOP), a multinational provider of payment tech integrations and acquiring solutions, recently revealed that it has entered into an agreement to acquire Pago Fácil, a digital commerce payment platform in Chile. The deal will be carried out in partnership with its… Read More

LatAm Insurtech Betterfly Extends Series A, Raises $17.5 Million

Chile-based Insurtech startup Betterfly extended its Series A funding round adding $9 million to a total of $17.5 million. In July, Betterfly announced it had raised $8.5 million. Once again, QED Investors led the round. A Public Benefit Corporation and certified B-Corp. that is 100%… Read More

P2P Bitcoin Exchange LocalBitcoins Reports that Russia, Venezuela, Colombia are Among its Main Markets with Most BTC Trading Activity

LocalBitcoins, a global peer to peer (P2P) Bitcoin exchange, notes that its platform allows users to invest in BTC which is notably one of the best-performing assets of 2020. The LocalBitcoins team confirms in a blog post: “According to our data, our main markets are… Read More

Chile: Financial Regulator CMF Publishes Draft Fintech Rules Including Crowdfunding, Digital Assets and More

The Chilean securities regulator, the Comision Para El Mercado Financiero (CMF), has posted draft regulations for Fintech including investment crowdfunding rules. The objective is to provide a regulatory framework for online capital formation. The CMF believes that a proportional, tech-neutral, framework will promote innovation in… Read More

Chile’s Ministry of Finance to Work on Regulatory Framework for Fintech and Open Banking

Chile’s Ministry of Finance recently revealed that it aims to streamline the development of its regulatory framework for Fintech and Open Banking. Chile’s government will reportedly be working on a legal proposal for standardizing Open Banking. This should help with promoting competition and innovation in… Read More

Softbank backed Greensill Capital to Acquire Colombian Fintech Firm OmniLatam as Part of Latin America Expansion Strategy

Softbank Group-backed Greensill Capital, a London based provider of capital finance for businesses and people globally, will reportedly be acquiring Colombia’s Omni Latam in order to accelerate the growth and adoption of innovative financial tech solutions in Latin America. The amount that will be paid… Read More

The Fintechs Promoting Financial Education For All in Latin America

Increasing financial inclusion is a high-priority goal of many countries because it has a widespread positive impact. Studies show that expanding financial inclusion enables seven of the 17 Sustainable Development Goals, with more financial stability leading to improved social conditions, community development, and economic growth…. Read More

Fintech: How Real-Time Financial Data Can Help Small Businesses in a Crisis

On October 19, 2019, Chile’s capital city of Santiago was in flames. What started as a student movement to evade subway fares has since launched into a widespread movement against socioeconomic inequality that has swept, and in some cases paralyzed, the country for well over… Read More

dLocal Partners With Amazon For Local Payments Acceptance Services in Chile

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday Amazon has gone live with the dLocal local payments acceptance services in Chile. dLocal claims that the solution enables some of the world’s most innovative companies… Read More

Chile: CrediTú Issues AAA Long-Term Mortgage Backed Bond

CrediTú has had mortgage assets placed in the market via a AAA long-term bond. The placement totaled $30 million with a 30-year term. The mortgage-backed bond was said to be the first from a nonbank entity in Chile since 2009. CrediTú is described as a… Read More

Chilean Insurtech Jooycar Plans to Launch in the U.S. in 2020

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, is reportedly set to launch in the U.S. this upcoming year. According to Contxto, Jooycar is looking to expand its customized car insurance service to the U.S…. Read More

Buenos Aires-based Crowdfunding Platform SeSocio Launches in Chile

Buenos Aires-based startup SeSocio is establishing operations in Chile. The Argentine crowdfunding company will be offering its collective financing platform, which does not require a minimum investment. Co-founder and CEO of SeSocio Guido Quaranta explains how the platform can be used to invest in a… Read More

Chilean Finance Minister Announces Plans to Regulate Country’s Crypto Sector

Chilean Minister of Finance Felipe Larraín has announced that his ministry is sending a bill to the Chilean congress which is designed to regulate Fintech and cryptocurrencies, Ahora Noticias reports. Promising “proportional rules,” Larraín announced from the United States last week: “Taking into account the different forms taken by the business models… Read More

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