THIS WEEK’S FUNDING NEWS OVERVIEW
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👀 NEWS HIGHLIGHT
The Tap on Phone technology arrived in Chile thanks to a new partnership between Klap and Mastercard. The technology enables businesses to accept contactless payments using just their smartphones, eliminating the need for additional hardware.
📊 INFOGRAPHIC
Remittances and contrasts: while money transfers from abroad do not even represent 1% of the GDP of countries like Chile or Uruguay, Honduras and Nicaragua tell a completely different story.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Klar raised $400 million in funding and plans to expand its services to other countries in Latin America.
⭐️ Clara partners with Afirme to offer financing to small and medium-sized enterprises in Mexico.
⭐️ Kala raised $6 million to continue its mission to digitalize the credit experience in Latam.
⭐️ WhatsApp officially introduces the ability for users to directly pay businesses through chat in Brazil.
BRAZIL
Nubank is now testing ‘NuConsignado’. The much-anticipated product is a type of loan settled directly and automatically from the payroll.
In 2022, half of the credit card debt in non-bank financial institutions was from lower-income clients, compared to 24% for incumbent banks. Brazil’s FM Fernando Haddad met with the presidents of Itaú Unibanco, Bradesco, and others to discuss the matter.
ARGENTINA
Ualá announced that it has reached 200,000 users in Mexico and also revealed that it is increasing the yield on all its deposits. The neobank launched in Mexico in 2020 and quickly gained popularity among consumers seeking digital banking solutions.
COLOMBIA
Littio launched a new service that allows users to open a global account in digital euros. The service provides a more efficient and cost-effective way for individuals and businesses to conduct international transactions.
MEXICO
Quindalo and Ucombi received authorization from CNBV to operate as financial technology institutions. Quindalo is a platform that connects small and medium-sized enterprises with investors, while Ucombi offers digital banking services.
URUGUAY
dLocal debuted a new all-in-one tool for online businesses, the dLocal for Platforms, that lets the firm onboard sellers, service providers, or contractors to the platform, while dLocal verifies them before paying out.
MOVERS & SHAKERS
Belvo appointed Federica Gregorini as the new General Manager of Mexico. Belvo's CEO Pablo Viguera expressed his confidence in Federica's ability to help them achieve their mission of democratizing access to financial data in the region.
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