Kuady Introduceert Virtuele Prepaid Mastercard In Peru
Weekly news up to Wednesday, 18th of September 2024.
👀 NEWS HIGHLIGHT
Latin American FinTech Clara has tapped one of its earliest angel investors as the firm's new finance director, it told Reuters on Monday, as operations in top market Brazil continue to grow "quite quickly" and are now close to break even.
The company has topped 3 billion reais ($544.25 million) in total payment volumes in Brazil, where it is now headquartered, and has Burger King, Toyota, opens new tab, Hilton, opens new tab and lender Banco BV among its clients.
📊 INFOGRAPHIC
📰 ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Yolo Bank raises a $500K pre-seed round.
⭐️ Bank of Brasilia becomes open finance payment initiator.
⭐️ Brazilian Banks call for accelerated credit card gambling ban.
⭐️ Colombia's Rappi could be ready for IPO in 12 months.
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BRAZIL
PicPay is the first institution to introduce salary portability through Open Finance, simplifying the process for customers and automating the experience.This innovation will enhance workers' experience by letting them select the financial institution that suits their needs, without the usual hassles.
B3 and Rendimento join over 30 payment initiators. The list of institutions authorized to operate as a payment transaction initiator (ITP) via Pix in Open Finance in Brazil continues to grow. Last Friday (09/06), B3 and Banco Rendimento joined the group, which now consists of 35 institutions.
Nubank has announced its decision to cease operations with its cryptocurrency, Nucoin. This announcement comes just over a year after the launch of the Nucoin ecosystem, which debuted in late 2022. The platform announced that buying and selling the token will be permanently suspended within 15 days.
ARGENTINA
Ex Mastercard Executive, Carlo Enrico, invests in Startup Pomelo, joins board. Pomelo and Enrico declined to say how much he invested or what equity stake he will hold. Enrico joins the three co-founders and representatives of venture capital firms Kaszek and Monashees on the board.
COLOMBIA
Revolut set to enter Colombia in 2025. As Colombia’s digital banking sector experiences rapid growth, Revolut is gearing up for its 2025 entry, poised to disrupt the market and challenge the established players. Continue reading
Colombian real-time payments startup, Cobre, raises $35M Series B. The company is making a little over $40 million in ARR, and has raised $66 million to date. Cobre sees Colombia's real-time payments push as an opportunity for the company.
PERÚ
Kuady introduces virtual prepaid Mastercard in Peru. The Kuady Card allows online merchants to pay directly into Kuady accounts, helping them build stronger customer relationships through faster and more efficient payment methods. Read more