💬 INTERVIEW
👀 NEWS HIGHLIGHT
A month after recording its “strongest quarter” in history, Brazilian neobank Nubank has shared plans for consolidation in Latin America.
The neobank secured a $650m credit line to expand across Mexico and Colombia in April and is now looking to maximize on the impending “shakeout” in the area’s fintech sector.
👉 Read the full article here.
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📊 INFOGRAPHIC
Venture capital invested in startups in Latin America in 2021totaled around $15.7 billion, a record figure that surpassed the amount invested during the entire previous decade.
👉 Read the full article here.
📰 ARTICLE
Digital insurance ecosystem Stere has expanded its operations to the Latin America insurance market, the company announced.
Based in Brazil Stere has said it will use its new presence to serve regional embedded and affinity clients such as tech platforms, banks, online marketplaces, superapps, and member-based organisations.
👉Link to the full article here.
💳 MVO - CARD COLLECTION
Nubank announced its new credit and debit card aimed exclusively at CNPJ accounts. According to the company, the card – now in silver color – aims to facilitate financial management and corporate purchases of MEIs, self-employed and small entrepreneurs.
👉Link to the full article here.
👨💻 BLOG
After a late start due to a historically import-driven tech sector, the Peruvian🇵🇪 startup ecosystem is finally heating up.
💡INSIGHTS
Identity verification companies help financial institutions make real-time decisions to either approve or reject a prospective customer who signs up for an account.
Identity verification processes are not new, though. Since the 1990’s, banks have been required to verify the identity of each prospective account holder in a process called Know your Customer (KYC).
👉Link to the full article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️Largest pre-seed round in Latin America: Pandas nabs $6.3M to help SMBs grow faster. Link here.
⭐️ Cuentas, Inc will commence global operations in Mexico with Cuentas LATAM and a headquarters in Mexico City. Link here.
⭐️Brazilian Super App Inter sees Nasdaq listing as springboard to US consumers. Link here.
⭐️ The Argentine e-commerce and fintech giant is offering life insurance policies in Brazil through its MercadoPago app, and sees opportunities to expand the business to other Latin American countries. Link here.
BRAZIL
Brazilian Super App Inter sees Nasdaq listing as springboard to US consumers.
The super app offers a digital front door for a range of activities — from banking and investing to insurance, peer-to-peer (P2P) and beyond. Link here.
CloudWalk announced that it is launching a blockchain of its own. Last fall, CloudWalk announced a $150 million fundraise that the company said put its market capitalization at $2.15 billion. Link here.
ARGENTINA
The Cordovan fintech Wibond extended the lifting of his round seed and raised up to US$6 million, a figure with which it will try to accelerate its expansion at the regional level. Wibond is a company that provides a limit so that its users can buy in installments and without a credit card in more than 300 affiliated stores. Link here.
Mercado Libre, the Argentinean-based company, launched a life insurance offering through its MercadoPago, fintech app, the second step by the company led by Marcos Galperin in the insurance market. Link here.
COLOMBIA
Pandas has nabbed $6.3 million in the largest pre-seed funding in the region. The fresh funds will be used to scale operations, further develop the Pandas platform, and accelerate talent acquisition. Link here.
MEXICO
Cuentas, Inc. is expanding internationally. The company will commence global operations in Mexico with Cuentas LATAM and a headquarters in Mexico City. Consumers in Mexico will be able to start requesting funds via Cuentas LATAM later this year from Cuentas USA Mobile App. Link here.
CHILE
Global payments company BPC has announced that Chilean fintech Klap will use its technology to support payment processing requirements in the country. Its e-wallet allows users to pay bills, top up mobile phones, make bank transfers and deposits, and shop online without a payment card or bank account. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.