For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
Bronze🥉!
Congrats to all of you listed and to those who are not. Keep sharing those updates for the FinTech community!
👉 Check out the full Onalytica list/article “Who’s Who in Fintech? Top 50 Influencers to Follow” here.
👀 NEWS HIGHLIGHT
Argentina now facing raging levels of inflation that are affecting the pockets of citizens.
The most recent CPI report revealed that prices rose by 7% MoM (month-over-month), with these numbers being second only to Venezuela’s inflation, which has reached well over 100% YoY (year-over-year).
👉 Read the full Bitcoin.com article here.
😎 SPONSORED CONTENT
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📰 ARTICLE
Ethereum, the second biggest cryptocurrency after bitcoin, is significantly reducing its energy consumption through a change in how it validates transactions on its blockchain.
But what will the Ethereum merge mean for payments?
👉 Read all about this merge in the FXC Intelligence article by Joe Baker and Lucy Ingham here.
💬 INTERVIEW
Brazilian tech veteran explains fintech’s footprint on Latin American industries.
Ricardo Sangion, partner at VC firm TheVentureCity, is helping to build on the region’s successful payments sector for other verticals.
👉 Read the full Rest of World article here.
💡INSIGHTS
In total 409 unique investors drove Latin America’s FinTech sector in H1 2022 with Y Combinator, an American based technology startup accelerator, accounting for the most deals at seven in total.
👉 Read the full article here.
🎤 PODCAST
Seba Kanovich is the CEO dlocal, the #1 payments leader with a single solution focused on Latin America and other emerging markets.
How Seba made his way to the role of CEO of an $8BN company through dinner at his mother-in-law’s house?
👉 Listen to the full 20VC podcast episode by Harry Stebbings here.
🎤 PODCAST
Manuel Beaudroit, Belo: How cryptocurrency is helping Latin Americans.
👉 Listen to the full Crossing Borders podcast episode by Nathan Lustig here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Heru raised US$6M to expand its suite of products and to improve its technology. Link here
⭐️ Nubank reached the mark of more than 1.7 million active customers who adopted the financial organization and planning feature. Link here.
⭐️ Felix Pago has integrated Circle's payments technology to enable real-time remittances from the United States to Latin America. Link here.
BRAZIL
Magalu launches in Brazil and receives authorization from Central Bank to offer the initiation of payment transactions via Pix in the scope of Open Finance. Link here.
Nubank announced that it will restructure its Brazilian Depositary Receipts (BDRs) program with the conversion from Level III to I, meaning the company will no longer be listed on B3, and will only be listed on the New York Stock Exchange (NYSE). Link here.
Nubank reached the mark of more than 1.7 million active customers who adopted the financial organization and planning feature. Link here.
Nubank announces Nunos, a free relationship program that offers rewards to all clients through missions linked to their financial journey. Link here.
An Open Banking Excellence Campfire shone a light on payment initiation in Brazil and addressed the topic of the country’s Open Banking ecosystem. Guests included representatives of Mastercard, Brazil’s Central Bank, and Itaú Unibanco. Link here.
Persona partnered with Serpro to unlock the ability to validate both PII and biometric information against government data sources. Link here.
COLOMBIA
PayU has gotten the endorsement of Colombian regulatory authorities to buy electronic payments and deposits firm Ding from CredibanCo. Link here.
RappiPay obtains $112M financing to improve financial inclusion in Colombia. The financial credit granted to the fintech was provided by Bancolombia, Banco de Bogotá, Davivienda, and Itau. Link here.
MEXICO
Ventu announces its pre-seed round to facilitate international trade for SMEs in Latam. With this pre-seed round, the company announced the beginning of their BETA launch for Mexican and US clients and the pre-registration site for our growth and expansion plans. Link here.
COSTA RICA
Namutek is now using FacePhi technology for customer onboarding on its Kash app. FacePhi’s technology will be used to verify high-value transactions, with facial recognition leveraged to match end users’ selfie images to pictures of their official identity documents. Link here.
If you are a fintech startup and have over 100 questions, send me an email. Maybe I can answer a few.