Nubank Invests in Tyme Group, a Digital Bank in South Africa and the Philippines
Weekly news up to Wednesday, 18th of December 2024.
REPORT
👀 NEWS HIGHLIGHT
Bitso Business the B2B arm of Bitso that provides the infrastructure for the future of cross-border payments – releases its 2024 results. The company nearly doubled its business, by serving diverse industries such as e-commerce, OTC/trading, gaming and money transmitters, offering seamless and regulated integration with local banking systems and trading options for companies that move massive volumes of money and need high liquidity and fast settlement times; as well as for businesses that aggregate different payment methods and need one integration for multiple countries at the same time.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Nubank announces investment in Tyme Group, a digital bank with operations in South Africa and the Philippines.
⭐️ Popular LatAm digital payment service AstroPay launches multi-currency wallet.
⭐️ KEO World and American Express announce the launch of the Workeo B2B Platform in Brazil.
⭐️ Bitget Receives Bitcoin Service Provider (BSP) License from Central Bank of El Salvador.
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BRAZIL
Numia Raises $3.5M Seed Round. The platform uses AI to personalize and automate customer interactions, boosting efficiency and sales. Numia plans to use the funds to expand in markets like Mexico and Colombia and further develop its AI technology.
BS2 launches $16M CVC fund to back Brazilian startups. The fund will focus on fintech, payments, and financial infrastructure to complement BS2’s core services. The initiative aims to enhance BS2’s products and services. Read more
COLOMBIA
Colombian FinTech Minka eyes Uganda in major expansion. The firm says it has supported building real-time payment networks across Latin America and aims to address key challenges in Uganda's financial ecosystem, including low financial inclusion, heavy, cash reliance, and non-interoperable payment systems
MEXICO
FinTech Plata Card wins approval for banking license in Mexico. Mexico’s Banking and Securities Commission is expected to announce the decision in coming days, people familiar with the matter said, asking not to be identified before the information is public.