Hello all!
I decided not to list any SVB news updates in this weekly newsletter
because this would simply be too much.
If you want to stay up to date with the latest SVB, and other FinTech news, please sign up for my daily newsletter here.
Enjoy this week’s other FinTech news!
Cheers,
Marcel
THIS WEEK’S FUNDING NEWS OVERVIEW
👀 NEWS HIGHLIGHT
Clara raised $90m in debt funding from US tech investor Accial Capital to bolster its footprint in Brazil, with plans to double its customer base.
The capital will help Clara bolster its footprint in Brazil, with plans to double its customer base. Clara also hopes to expand its footprint in Colombia.
📰 ARTICLE
Today many FinTechs are built on the “platform” of card payments, generating revenue from interchange and/or acquirer fee pools.
There are several reasons why the card payment fee pool may compress, but you don’t need to believe these will change significantly to also believe it’s a bad place to build a business.
🧐 ANALYSIS
Key Latin American FinTech investment stats in 2022👇
💰 Latin American FinTech investment reaches $5.4bn in 2022, a 58% drop from 2021.
🇧🇷 Brazil was the most active country in Latin America with 134 deals announced, a 39% share of total FinTech deals in the region.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Brazil’s Central Bank initiated testing of a pilot version of its Digital Real, the ambitious central bank digital currency.
⭐️ QR and digital wallets have grown significantly as payment options in Argentina.
⭐️ Brazil is the third country with the most active players in video game competitions during 2022 worldwide.
⭐️ Invex and Afirme introduced their own neobanks and are experimenting with the metaverse.
FinTech Meetup in Vegas is just around the corner and I will start and close it with a bang. Join me and let's do this together!
ARGENTINA
Clave partnered with Santander Group to digitally originate and service consumer loans in Argentina. The partnership pairs Clave’s leading technology with Santander Consumer’s access to capital and expansive network.
MEXICO
Paymentology established a strategic partnership with Fondeadora to bring Apple Pay to the country. This payment service allows cardholders to quickly and securely make payments online or in-store with participating merchants that accept the payment type.
CARIBBEAN
ACI Worldwide announced a partnership with financial technology company RedAbierta to build the domestic real-time payments central infrastructure in Honduras and help financial institutions connect to the new scheme.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.