👀 NEWS HIGHLIGHT
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📰 ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Depay and Satoshi Tango launch QR code to facilitate cryptocurrency transactions in Latin America.
⭐️ PayMon raises $600K pre-seed round led by Magma Partners.
⭐️ Nubank CEO considers moving domicile to Britain, expanding in US.
⭐️ LatAm Insurtech Olé Life Reports $13M Series B Led by PayPal Ventures.
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BRAZIL
Airwallex invests in Latin America growth securing a payment institution license from the Banco Central do Brasil, the acquisition of MexPago, and an Institution of Electronic Payment Funds (IFPE) license-holder. It will link its global financial infrastructure to Latin America’s economies to enable support for companies and facilitate international businesses’ entry into the region.
Appmax, a FinTech specializing in payment solutions for e-commerce and digital businesses, has received authorization from the Central Bank of Brazil (BC) to operate as a regulated Payment Institution (PI). With its own license, the company hopes to hook new customer profiles.
MEXICO
TransUnion signs $560m deal to boost Mexico stake. The deal would take TransUnion’s ownership to 94%, valuing the Mexican company at $818 million, also includes TransUnion de Mexico’s consumer credit business and excludes the company’s commercial segment.
Belvo and J.P. Morgan Payments to boost recurring payments in Mexico. This strategic collaboration aims to provide businesses with an automated and efficient solution for managing recurring payments through direct debit, a core payment method among companies looking to streamline their financial processes.
URUGUAY
Payment services provider dLocal is analyzing whether to buy a smaller FinTech rival this year after the company itself was the target of takeover proposals, and claims it's NOT FOR SALE. This is what Chief Executive Officer Pedro Arnt said in an interview.