THIS WEEK’S FUNDING NEWS OVERVIEW
For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
👀 Are you interested in funding news from the FinTech space?
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REPORT
New data from Argentina, Brazil, Chile, Colombia, Mexico, and Peru provides country-by-country analysis on preferred methods for workers to be paid; uncovers a growing opportunity for global businesses to reach LATAM consumers in an increasingly digital world.
Download the full report, with more stats and figures by county, by Rapyd here.
👀 NEWS HIGHLIGHT
Today I have an interesting Q&A to share with you. Meet Arjun Vir Singh. One of the leading LinkedIn voices for the Gulf Region, he’s an avid commentator of the FinTech scene and a Partner with Arthur D. Little (ADL) based in Dubai, UAE 👇
😎 SPONSORED CONTENT
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📰 ARTICLE
80% of consumers prefer ID verification measures when choosing brands online.
Recent global research by Jumio, the world leader in identity verification solutions, developed consumer preferences and expectations around the use of digital identity in the financial industry, healthcare, social media, and more.
👉 Read the full Gerente (Spanish) article here.
💡INSIGHTS
Latin American companies announced 17 FinTech seed deals in Q3 2022, a 32% decrease from the previous quarter.
Overall FinTech seed deal activity in Latin America is expected to reach 105 deals in total during 2022.
👉 Read the full FinTech Global article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️Kushki s introducing its new business division- Kushki Mundial. This division allows international businesses based outside Latin America to connect with the leading local payment solutions that Kushki offers. Link here.
⭐️ Mattilda raises USD $10M to help Latin American schools streamline financial processes. Link here.
⭐️ Pix reaches 1 trillion reais in transactions per month. Link here.
⭐️ Vixtra raises $3M in a pre-Series A round. Link here.
BRAZIL
Vixtra raised $3 million in a pre-Series A round led by Valor Capital, with the participation of Fontes. Valor Capital is a VC fund founded by Clifford Sobel. The fresh funding will allow the fintech to accelerate the transaction volume in its payment and credit solution for international trade. Link here.
In Brazil, Pix reaches 1 trillion reais in transactions per month. In September, the payment system broke a new record. It reached the threshold of 1 trillion reais in monthly transactions, or roughly $ 200 billion. Pix now processes over half a million transactions per minute, rapidly gaining market share in Brazil’s rising universe of digital payments. Link here.
MEXICO
Mattilda raises USD $10M to help Latin American schools streamline financial processes, led by New York private equity fund FinTech Collective, with the participation of DILA Capital, QED Investors. Link here.
ECUADOR
With 74 votes in favor, Ecuador’s National Assembly approved the draft law for the development, regulation, and control of technological financial services, known as the Fintech Law, which aims to provide legal certainty to financial technology companies operating in the country, as well as to foreign companies seeking to set up shop and invest in Ecuador. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.