REPORT
Check out this Open Banking #fintechreport: “Open Finance Mega Report 2022” by Let's Open ⬇️
Download the full report here
👀 NEWS HIGHLIGHT
Nubank announced additional credit cards for roxinho, Ultravioleta and under-18 customers.
The function allows roxinho or Ultravioleta users to share a portion of their limit with a partner, parents, children, siblings, friends, or whoever else they wish at no extra cost.
📰 ARTICLE
Last year, the Colombian fintech company Finsocial reached $363 billion in originations.
Finsocial’s workforce is made up of 65% women, who hold 55% of senior management positions. This demonstrates the efforts of this organization to support gender equity, breaking down barriers of inequality so that women workers can achieve both their professional and personal fulfillment.
👨💻 BLOG
Brazil has a history of hyperinflation and severe economic shocks and it could be this environment that has influenced the type of finance ecosystem that exists today.
Carbon co-founder Ngozi Dozie is giving examples of why he expects to see a lot of FinTech innovation spurred on by the Brazilian Central Bank in partnership with other regulators. ⬇️
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ KLYM announced a US$27 million investment round led by JPMorgan and the IFC.
⭐️ AstroPay introduces Visa prepaid cards in Peru.
⭐️ Binance joins Latam financial alliances to boost web3 adoption.
⭐️ Fortaleza Digital Ltd. announced the launch of its cryptocurrency trading pairs in the native currencies of Latin America.
BRAZIL
Portão 3 raises US$3.6M to solve the pains of the accounts payable area of traditional companies and startups. Now, the fintech is preparing to expand its team, add new business verticals, and expand to other countries in Latin America.
Brazil’s antitrust watchdog Cade started an investigation into Apple Inc for alleged abuse of a dominant position. Cade opened the probe on Jan. 12 following a complaint filed by Latin America’s e-commerce and fintech giant MercadoLibre Inc, the agency said in a statement.
Nubank adds two new cryptocurrencies to the Nubank Cripto experience, currently available to more than 67 million of customers in Brazil.
Nubank launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance.
According to a new study by Mambu, younger Brazilians, aged between 18 and 35, are the ones who use financial products the most in America Latin.
ARGENTINA
Binance joins the Argentine Fintech Chamber, renewing its commitment to the development of the local crypto ecosystem.
Brazil and Argentina decided to advance discussions on a common South American currency that can be used for both financial and commercial flows.
MEXICO
Zenfi takes in a new round of funding, this time $8.5 million in new capital led via Magma Partners.
CHILE
First Rate acquired Finantech which offers comprehensive reporting solutions to family offices and private banks and will continue to provide its data aggregation and performance reporting solutions locally to clients.
MOVERS & SHAKERS
Kueski announced the appointment of Fausto Ibarra as the company's Chief Product Officer.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.