THIS WEEK’S FUNDING NEWS OVERVIEW
For the past week’s funding news overview, we highly recommend reading our weekly #DoneDeal newsletter 👇
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👀 NEWS HIGHLIGHT
The PayRetailers Group, Pago Digital, and Paygol working together with the NGO Manos Unidas end their annual corporate social responsibility (CSR) cycle supporting the Mexican charity, "𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝𝙚𝙣𝙞𝙣𝙜 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙖𝙣𝙙 𝙨𝙤𝙘𝙞𝙖𝙡 𝙨𝙪𝙥𝙥𝙤𝙧𝙩 𝙣𝙚𝙩𝙬𝙤𝙧𝙠𝙨 𝙛𝙤𝙧 𝙬𝙤𝙢𝙚𝙣 𝙞𝙣 𝘾𝙝𝙞𝙡𝙤𝙣, 𝘾𝙝𝙞𝙖𝙥𝙖𝙨."
👉 Read the full (Spanish) article here.
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Contis helps organizations unleash their true potential with award-winning, cloud-based Banking-as-a-Service solutions. With Contis you can put next-generation cards, accounts, and apps in your customer’s hands.
📰 ARTICLE
Elon Musk’s acquisition of Twitter is creating a fresh need to find a path to greater and more consistent profitability for the social media network, and payments represent a vital piece of the puzzle.
👉 Check out this interesting FXC Intelligence long read article by Lucy Ingham, Joe Baker, and Callum Tyndall here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Mendel raises USD 60M to consolidate its presence in Mexico. Link here.
⭐️ CloudWalk become the first crypto firm to be authorized by the Central Bank of Brazil as a payments institution. Link here.
⭐️ Zero Hash announced its expansion into Brazil. Link here.
⭐️ Jeeves raised $180 million at a $2.1 billion valuation. Link here.
⭐️ AstroPay launched its new product in Brazil, a Mastercard prepaid card. Link here.
BRAZIL
PicPay launched peer-to-peer (P2P lending) for businesses. According to fintech, the return on investment is up to 20.15% per year, which represents 147% of the CDI. Link here.
CloudWalk became the first crypto firm authorized by the Central Bank of Brazil as a payments institution. The company will now be the first crypto firm to connect directly with Pix, the Brazilian government's payment system, which has 126 million users. Link here.
Zero Hash announced its expansion into Brazil. Zero Hash enables businesses to embed digital assets within their product offering with a light technical lift and little regulatory burden. Link here.
AstroPay launched its new product in Brazil, a Mastercard prepaid card. This move will provide both new and existing AstroPay customers with the ability to pay in any store that accepts Mastercard. Link here.
ARGENTINA
MercadoLibre Inc reported a third-quarter net income up 36% from a year earlier, as it nearly doubled its fintech revenues, helping offset a relative slowdown in online shopping. Link here.
MEXICO
FEMSA signed an agreement to purchase financial services company NetPay as the retailer and Coke bottler expands its digital payments portfolio into business-to-business transactions. Link here.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.