Tagged: inter-american development bank

Ecuador based BuenTrip Ventures Raises Money from IDB

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the… Read More

First Blockchain Bonds in Latin America: IDB, Colombia’s Davivienda Bank Complete Pilot Project

The IDB Group and Colombia’s Davivienda Bank have completed the first blockchain-based bonds in Latin America and the Caribbean. The IDG Group includes the Inter-American Development Bank, IDB Invest and IDB Lab.  Davivienda Bank, part of Grupo Bolívar, is the second largest bank by gross… Read More

Fintech in Latin America and the Caribbean: IDB Report Provides Detailed Insight into Rapid Fintech Growth

Latin America and the Caribbean has emerged as a red hot region for Fintech development. A portion of the world long dominated by incumbent banks and other established service providers, Fintech has emerged as a fast track path to provide traditional and highly sophisticated services… Read More

Inter-American Development Bank Teams Up With CITI Innovation Labs For Cross-Border Payments Over Blockchain

  Inter-American Development Bank (IDB) announced on Thursday it has teamed up with CITI Innovation Labs to create cross-border payments from the U.S. to countries in Latin America and the Caribbean using blockchain and tokenized money. According to IDB, The LACChain Blockchain Network-enabled several disbursements… Read More

Digital Financial Services Firm Konfio Obtains $58.8 Million Credit Line to Help Mexican Women Access Financing Options

For the first time ever (in September 2019), giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division provided a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. As reported last year, the funds were to be directed toward Konfio’s business… Read More

Cambridge Centre for Alternative Finance Publishes First Global Report on Alternative Finance: Over $300 Billion in Volume in 2018

Benchmarking Study Tallies $304.5 Billion in Alternative Finance Transaction Volumes During 2018 The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge Judge Business School, has published the single most comprehensive report on the evolution of alternative finance. The benchmarking report provides… Read More

Alternative Finance is Booming in Latin America: Diego Herrera from the Inter-American Development Bank Provides Deeper Perspective into the Fast Emerging Fintech Market

Last month, CI covered the Cambridge Centre for Alternative Finance (CCAF) Americas Report. Overall, alternative finance grew 26% with the US dominating the sector as the largest market in the region. But digging into Latin America and the Caribbean (LAC), this market grew by a huge 94%… Read More

Inter-American Development Bank Publishes Report on Fintech Sandboxes

The Inter-American Development Bank (IDB) is out with report covering the topic of Fintech Sandboxes. These new step in fostering financial innovation was first launched in the UK by the Financial Conduct Authority (FCA) but the concept has since been replicated in a growing number… Read More

2017 Americas Alternative Finance Industry Study: The University of Chicago & University Cambridge Partner on Research

The Polsky Center for Entrepreneurship and Innovation and Booth School of Business at the University of Chicago and the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School have partnered again on the 2017 Americas Alternative Finance Industry survey. Research… Read More

Gabriela Andrade & Diego Herrera of the IDB Explain the Importance of Alternative Finance to the Americas

The Centre for Alternative Finance at University of Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation team at Chicago Booth School of Business have joined forces to initiate the  2015 Americas Alternative Finance Benchmarking Survey.  This landmark survey is the first comprehensive and empirical assessment of crowdfunding, peer-to-peer lending (marketplace lending)… Read More

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