Agrolend Raises $53M in Series C Round
Weekly news up to Wednesday, 23rd of October 2024.
👀 NEWS HIGHLIGHT
EBANX has enabled merchants to use its payment services to prepare to integrate the upcoming recurring transaction capability of Brazil’s Pix, Pix Automático (Automatic Pix).
With technical documentation now available from EBANX, the company’s partners will be able to start backend development and access a simulated environment that allows them to test their integrations of EBANX’s application programming interface (API) for Pix Automático.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ ACI Worldwide: Real-Time Payments to Boost Global GDP by $285.8B, Add 167M Bank Accounts by 2028.
⭐️ Nubank expands working capital offerings for SMEs, sees 150% growth in loan volume.
⭐️ OpenWay launches new payment software solution in North and Latin America.
⭐️ Shein Partners with Mexican FinTech Stori to Launch Global Branded Credit Card in Mexico.
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BRAZIL
Agrolend raises $53M in series C round. The company plans to expand its credit offerings to small and medium-sized farmers, in partnership with resellers, cooperatives, and agricultural input and equipment industries.
EBANX, Canva Invests in Local Payments to Promote Digital Inclusion in Latin America. The payments strategy intends to increase digital inclusion in the region and includes local cards and alternative payment methods, such as Pix, the Brazilian instant payment phenomenon that is about to offer recurring features.
Prudential Financial partners with 123Seguro to expand insurance services in Latin America. The companies plan to customise insurance products based on the specific needs of each market, ensuring flexibility and relevance to customers.
COLOMBIA
Akua, raises $4.3 million in seed funding round. The company seeks to help payment gateways, processors, traditional acquirers and large merchants overcome the limitations of legacy payment systems. Read more
MEXICO
Albo to reach profitability in a few months, after US$60 million credit facility. With this financing, the financial technology company plans to boost its credit products and approach profitability as a group.