REPORT
Both card-based payment processing and financial institution account-to-account payment processing have come a long way over the past decade.
👉 Read the full article here.
👀 NEWS HIGHLIGHT
Axolotl Bitcoin deployed a Bitcoin ATM on the floor of the Mexican Senate located in Mexico City.
👉Read the full PRnewswire article here.
😎 SPONSORED CONTENT
Burgopak delivers award-winning innovative packaging solutions for some of the world's leading Banks and Fintechs. Creating a positive user experience with beautiful design drives customer engagement, elevating your brand and increasing card activation.
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📊 INFOGRAPHIC
BNPL has disrupted the purchase finance market.
👉Download the full report by Mambu and Deloitte here.
📰 ARTICLE
The $7 trillion embedded finance and BaaS gold rush.
👉Read all about it in the article by Ron Shevlin here.
👨💻 BLOG
Latam is a hotbed of opportunities crypto companies, according to Ripple.
There is a lucrative opening for traditional banks, fintechs and governments to increase adoption of crypto-forward technology to address this underbanked and fragmented market.
👉Read the full news Bitcoin article here.
💬 INTERVIEW
“It is difficult to talk to fintech entrepreneurs about payments without hearing about crypto, blockchain rails, and the ease of settlement with new technology.” said Tribal Credit’s Chief Product officer Arvind Nimbalker
Nimbalker, a 20-year fintech veteran and head of global Amex Online Payment and lending, said Tribal was happy to jump into settlement and underwriting business credit in stable coins and crypto, a cheaper, faster option with only regulation worries to disrupt adoption. He said Tribal is excited to announce crypto native partnerships soon, from North America and Latin America specifically.
👉Read the full LendIt Fintech interview here.
💡INSIGHTS
Crypto cards are on the rise, and this month saw the launch of two new contenders: the Gemini Credit Card and the Nexo Card.
👉Read the full FXC Intelligence article by Joe Baker here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️Pix instant payments accelerate financial inclusion as an “instant economy” rapidly rises in Latin America. Link here.
⭐️ Tribal Credit offers b2b crypto payments for LatAm. Link here.
⭐️Despite comprising less than 1% of the $150 trillion+ B2B payments market, the commercial card space represents a huge opportunity for fintech. Link here.
⭐️ Belvo is expanding B2B banking coverage in Brazil. Link here.
⭐️ See all of this week’s FinTech deal activity in FT Partners. Link here.
⭐️ Open banking and open finance solutions have the potential to become catalysts for growth, especially in regions such as Latin America. Link here.
⭐️CV VC Global Report lists the best-performing global companies in 12 categories. Link here.
⭐️Infographic: Regulatory Headwinds for BNPL. Link here.
BRAZIL
Ribon has built a platform that offers a gamified experience of charitable giving, enabling individuals to donate to a charity without taking money out of their pocket. Link here.
Nubank is expected to pay up to BRL 816 million in compensation to top executives and board members in 2022. Link here.
Brazil's Senate has passed the country's first bill governing cryptocurrencies in a plenary session. Link here.
Bradesco announced the launch of an account aggregator to retain users. Link here.
PIX is the biggest star with the digitization boom. Link here.
Antler is opening its first office in Brazil. Link here.
Shopee is authorized to operate as a payment institution in Brazil. Link here.
ARGENTINA
Banco Galicia has added the option to buy and sell cryptocurrencies on its platform. Link here.
MEXICO
More crypto regulation may be on the way in Mexico, suggests the Central Bank chief. Link here.
Bank of Mexico governor Victoria Rodríguez told the Senate that the country can expect a retail central bank digital currency (CBDC) by 2025. Link here.
CHILE
Xepelin wants LatAm businesses to get paid. The company raised a new $111 million Series B round of funding — all equity this time — led by Avenir and Kaszek.Link here.
OPPORTUNITIES
Mozper is looking to hire for the following positions:
📉Sr. Operations Analyst 🇧🇷 / ⌨️User Experience Copywriter 🇧🇷
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.