👀 NEWS HIGHLIGHT
Nubank has recently experienced a workforce cut. Approximately 22 employees were dismissed from their positions at fintech.
Ronaldo Fenômeno is charged in court for debt and surprising value.
👉 Read the full The Goa Spotlight article here
📰 ARTICLE
Mercado Libre will end 2022 having made an “historic” investment of $1.45 billion in Mexico.
“We’re investing strongly here in Mexico, in fact this year is an historic year regarding investments, where we’re investing more than $1.45 billion in Mexico alone and a large part of this investment is being directed toward logistical infrastructure,” Geisen said in an interview with EFE.
👉 Read the full LaPrensaLatina article here
📰 ARTICLE
Beyond Borders 2022/2023, a recent study by EBANX, a Brazilian fintech that processes payments for global players in rising markets, shows that alternative payment methods have taken the region by storm, reaching a 39% share of total digital-commerce volume - a value of nearly USD 400 billion - as of the end of 2022.
👉Read the full Finextra article here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Fastcash and Knox Wire announce global payment partnership which will power as much as $1.2 billion USD per year in volume. Link here
⭐️ i2c announced its partnership with North International Bank to launch a new Mastercard Black Card. Link here
⭐️ Aviva raised $2.2M in a pre-seed round, one of this year’s largest at that stage in LatAm. Link here
BRAZIL
Crypto.com received a Payment Institution License from Banco Central do Brasil. The license will allow it to continue offering regulated fiat wallet services for customers in Brazil. Link here
Fastcash and Knox Wire announce global payment partnership. The collaboration, orchestrated by Zed Network, will power as much as $1.2 billion USD per year in volume. Link here
MoneyGram International, Inc. announced the launch of MoneyGram Online in Brazil. Consumers can now use the Company's leading website to send funds from Brazil in near real-time to family and friends around the world. Link here
Banco Bradesco SA plans to buy more minority stakes in tech companies to speed up its expansion in the US. The lender has already invested $700 million in minority stakes in tech firms in Brazil and the US. Link here
MEXICO
Aviva uses artificial intelligence and natural language processing to match customers’ spoken word to the fields of a real-time credit application. Within minutes, customers can qualify for a nano-business or house improvement loan of up to $1,000. Link here
Aviva raised $2.2M in a pre-seed round, one of this year’s largest at that stage in LatAm. The round was led by the Mexican fund Wollef with the participation of Argentine fund Newtopa VC, swiss fund and accelerator Seedstars International Ventures. Link here
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.