THIS WEEK’S FUNDING NEWS OVERVIEW
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
👀 NEWS HIGHLIGHT
Nubank reached the mark of 70 million customers in Latin America, with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.
The company, the fifth largest financial institution in Brazil in number of customers, has a team of more than 7,000 people in 6 offices located in the countries where it operates, including technology and talent hubs in the United States, Germany, and Argentina.
👉 Read the full Nubank article here.
😎 SPONSORED CONTENT
At MoneyLion we believe you should get more from your money. Our mission is to rewire the American banking system so that we can positively change the financial path for every hard-working American. Our products offer no hidden fees, and few barriers to entry. Accessibility is what we’re all about. There are no credit checks for cash advances and no hard credit checks for our loan products. Everyone is welcome.
📊 INFOGRAPHIC
Brazil’s hedge-fund industry is diving deep into credit as higher interest rates attract investors and government-owned banks pull back on cheap, subsidized loans to corporations.
Vinland Capital Management Gestora de Recursos Ltda. and Occam Brasil Gestao de Recursos Ltda. are among hedge funds planning to offer credit products after the nation’s benchmark interest rate jumped to almost 14% from 2% last year, luring investors back to bonds.
👉 Read the full Bloomberg article here.
💬 INTERVIEW
An interview with Samer Atassi, VP of Jumio for Latam, and strategic partner, Infobip, during the Latam Fintech Market.
👉 Read the full Jumio (Spanish) interview here.
💬 INTERVIEW
Clara has started the groundwork for an international share sale next year, taking advantage of strong demand for its lending products and a solid financing plan, according to CFO Rodrigo Aparicio Schlesinger.
“We don’t want to use our equity to finance lending to companies. We want to use our equity to invest in technology, in products,” says Aparicio in an interview with iupana news.
“At Clara, we think it’s time to become more sophisticated, to start taking steps in that direction [towards an IPO] so that when the opportunity arises, we are prepared and it’s the right time to do it,” he adds.
👉 Read the full iupana interview article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Isaac’s co-founder David Peixoto explains the deal in which Arco acquired the remaining 75.1% it did not already own of the fintech. Link here.
⭐️The NAGA Group AG obtains Seychelles license and signs LOI for a Joint Venture to launch Brazilian crypto platform. Link here
⭐️ Adyen is launching its unified commerce solution in Mexico. Link here
BRAZIL
The NAGA Group AG obtains Seychelles license and signs LOI for a Joint Venture to launch Brazilian crypto platform. NAGA is pleased to announce that it has received a financial license from the Seychelles regulator to accelerate its global business. Link here.
Brazilian education company Arco Educação’s purchase of the 75.1% remaining stake of fintech isaac earlier this month has been viewed by the market as a down round in terms of the valuation that the latter startup had gained following its funding rounds, with isaac valued at around $180 million. Link here.
MEXICO
Adyen is launching its unified commerce solution in Mexico. Bolstered by the company’s recently enabled full acquiring capabilities in the country, Adyen can now maintain end-to-end control of the payment flow for transactions occurring in-person and online. Link here.
Aplazo bought data platform Sensai Metrics for an undisclosed amount to improve its merchant network and help brands manage marketing to customers. Aplazo will use Sensai's data to recommend where merchants should spend their marketing budgets. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.