👀 NEWS HIGHLIGHT
Nubank has added three new product categories – Games, Travel, and Pets– and ten new partner stores to its recently launched in-app e-commerce vertical. The digital bank’s customers will be able to buy products directly from the fintech app, from stores such as Netshoes, Zattini, Shopee, Nike, Centauro, Booking.com, Xbox, Playstation, Hype Games, and Petlove.
Nubank’s in-app e-commerce platform was launched last November as part of the fintech company’s strategy to expand its product portfolio and look for ways to monetize its customer base of over 48 million people.
According to Juan Carlos Guillermety, VP and general manager of the marketplace at the digital bank, Nubank has been aiming to expand the range of products offered in the app and add more and more categories in the marketplace to “ensure ease for our customers in many other areas of their lives.”
👉 Read the full Labs news article here.
👨💻 BLOG
2021 was a historic year for fintech and made clear to society the growing importance of these players in the Brazilian financial sector, marking a unique moment of maturity reached by the financial services innovation ecosystem.
Some trends and expectations had already been anticipated in the article Bruno Diniz published in January last year, called “Prospects for the Brazilian fintech scene in 2021” (and several of these trends are expected to gain even more relevance in 2022).
👉 Read the full article written by Bruno Diniz here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️Brazilian fintech SuperSim raises US$5 million to give cell phone credit as collateral. Link here.
⭐️ For the third year in a row, Nubank was elected the best financial institution in Brazil and is among the best in the world. The recognition is from the North American magazine Forbes, from the annual ranking World's Best Banks 2021, released since 2019. Link here.
⭐️ Mexico’s central bank will have its digital currency by 2024, the Mexican government announced on social media, although the development was not confirmed by the monetary authority, known locally as Banxico. Link here.
BRAZIL
One of the competitive edges of Brazil’s leading food delivery app iFood lies in the volume of restaurants and delivery workers connected to its platform. For all connected links in the chain created by the delivery app, agility is essential.
One of the ways to guarantee the security of the solution relies on verifying accounts of restaurants and professionals — the more agile this process is, the lesser the losses.
Interestingly, a startup that was born during a lunch with friends in a restaurant delivered to iFood the solution to its problem of verifying data.
The fintech Transfeera performs micro-deposits in the account of iFood‘s partners to ensure that all data is accurate and, thus, correct possible errors.
Hence, the delivery company can insert restaurants and employees more quickly and also contributes to the company’s image as it speeds up the payment for its partners.
Founded in 2017 by friends Guilherme Verdasca, Fernando Nunes, and Rafael Negherbon, fintech‘s mission is to simplify financial transactions and offer savings to companies that make payments through bank transfers — and today its financial services offer has evolved even further.
👉 Read the full Labs news article here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.