Tagged: mexico

April 28, 2023 @ 8:29 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, reportedly reached the milestone of 80 million customers in Latin America “in the first week of April 2023, where it maintains operations in Brazil, Mexico and Colombia.”… Read More

March 30, 2023 @ 12:36 pm By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, surpassed more than $3.3 billion in transactions between the United States and Mexico in 2022 through its Crypto 4 Business service, “mainly used by remittance and payment processors.” This volume is triple the amount “processed by… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

January 27, 2023 @ 1:27 pm By Omar Faridi  |  

Alviere, the embedded finance platform provider, is pleased to announce that Grupo Coppel, Mexico’s largest non-food retailer, has chosen Alviere “to enable the launch of Coppel Access, a mobile wallet that will provide millions of unbanked and underbanked consumers in the U.S. with easy access… Read More

January 12, 2023 @ 11:54 am By JD Alois  |  

Bitso has become the first digital asset exchange to offer Circle’s Euro-based stablecoin, according to a note from the firm. This means customers may now choose to transact in either US dollars or Euros by leveraging Circle’s digital currency. Bitso offers services in various Latin… Read More

December 26, 2022 @ 8:07 pm By Omar Faridi  |  

GoCredit received an investment grade (BBB) with Stable Perspective from one of the “leading” rating agencies in Mexico and Latin America: PCR Verum. According to GoCredit, the report highlights: Positive evolution in financial performance Increasing profitability Positive management of liquidity Good control over assets and… Read More

December 8, 2022 @ 12:46 pm By JD Alois  |  

Crypto platform Bitso has partnered with Félix Pago to offer a service to enable remittances from the United States to Mexico. Bitso is a leading crypto exchange in Latin America operating in Brazil, Colombia, Argentina and Mexico. Félix Pago is a provider of “chat remittance… Read More

December 7, 2022 @ 8:07 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest digital financial services platforms, announced an equity capitalization of $330 million, which will be “invested to finance the expansion of the company’s portfolio, increase penetration across market segments and strengthen its operations and long term… Read More

December 6, 2022 @ 5:02 pm By Omar Faridi  |  

AltScore, a fintech start-up that provides B2B lending infrastructure, announced it has raised $3.5 million in seed funding. The financing will help AltScore “continue developing its end-to-end Lending-as-a-Service (LaaS) solution to help its B2B partners embed and deploy credit products while giving MSMBs fair and… Read More

November 29, 2022 @ 9:02 pm By Omar Faridi  |  

Credifiel, which claims to be one of the largest Mexican payroll lending companies specializing in loans for government employees whose loan repayments are deducted directly from their salaries, has “launched a cashback offer.” For a limited time, you can “earn a cashback for investments in… Read More

October 21, 2022 @ 10:32 am By JD Alois  |  

Top crypto trading platform Bitso says it has surpassed 6 million users in Latin America while claiming it is in the midst of a growth spurt the fastest they have seen since its inception in 2014. Bitso states that in the past year, it has… Read More

October 19, 2022 @ 5:04 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has updated its coverage across Latin America, “expanding access to the Dominican Republic and Uruguay and significantly strengthening data sources in Colombia and Mexico.” Those additions “bolster the company’s ability to serve customers streamlining operations in Latin America or… Read More

October 17, 2022 @ 3:18 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, announces that it is “launching its unified commerce solution in Mexico.” Bolstered by the company’s recently enabled full acquiring capabilities in the country, Adyen can now “maintain end-to-end control of the payment… Read More

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

October 4, 2022 @ 10:52 pm By Omar Faridi  |  

Inswitch, a Fintech technology company with a focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered “to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC.” Inswitch will “start issuing cards as a Mastercard… Read More

September 27, 2022 @ 12:24 pm By Omar Faridi  |  

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

September 22, 2022 @ 3:23 pm By Omar Faridi  |  

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

September 19, 2022 @ 2:23 pm By Omar Faridi  |  

Financiera Contigo (CEGE Capital), one of the largest Mexican microfinance loan providers, is now offering a cashback for investors on Mintos – “for a limited time only.” For Notes with a remaining term of 2 months 0 days or more, you can earn a cashback… Read More

September 6, 2022 @ 3:44 pm By JD Alois  |  

Top Latin American crypto exchange Bitso is collaborating with Africhange, an African-Canadian remittance platform that aims to enable payments cross-border from Canada to Mexico. According to a corporate statement, Africhange first focused on transfers between Canada and Nigeria – having processed around CAD 70 million…. Read More

August 29, 2022 @ 8:10 pm By JD Alois  |  

Leading Latin American crypto platform Bitso says it has added ETH to Bitso+, a yield platform that allows users to generate income on parked funds. Previously, Bitso allowed Bitcoin holders and dollar stablecoin holders to generate income but Bitso has now added ETH. Bitso+ was… Read More