Brazil

G+D Participates in Brazilian Central Bank’s Digital Currency Initiative

The planning for Brazil’s central bank digital currency, the Real Digital, is entering a new phase. The Banco Central do Brasil (BCB) has selected Giesecke+Devrient’s CBDC solution Filia for its dual offline payment capability in a challenge that evaluates use

Read More

BBVA to Invest $300 Million in Brazilian Digital Bank Neon

BBVA has reached an agreement to invest $300 million (about €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims to improve access to financial services for individuals, self-employed and small businesses in its country. Neon has

Read More

Mexican Fintech Clara Clinches Unicorn Status With US$70 Million Series B

Mexico City-based end-to-end corporate spend management solution Clara has secured US$70 million in a Series B equity financing round. The round was led by Coatue, and takes Clara’s valuation to US$1 billion. With the Series B, Clara has become the

Read More

5 Fintech Trends in Latin America

Latin America (LatAm)’s fintech revolution continues its course this year. Investors’ confidence remains high as they continue pouring billions into the space, betting on the prospect of fintech to help improve financial inclusion and bring innovation in the outdated banking

Read More

Brazilian Challenger Bank Nubank Makes Push for IPO

Brazilian challenger bank Nubank has filed for its initial public offering (IPO) and is expected to go public in the U.S. by early 2022, according to Forbes. Nubank had filed both with the Securities and Exchange Commission (SEC) in the

Read More

Nubank Leads US$44 Million Investment Round in Indian Neobank Jupiter

Brazilian challenger bank Nubank announced that it led a US$44 million investment round in Jupiter, an Indian digital bank which launched its beta app about a month ago. This marks the first investment that Nubank has made into another company.

Read More

Latin America Sees Booming Digital Banking Sector with Brazil at the Lead

Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of digital banks has more than

Read More

Brazil and Mexico Emerge as Top Fintech Countries in Latin America

Though the growth of fintech in Latin America (Latam) started later than in other region, it quickly picked up stream. Today, Latam is experiencing an explosion of fintech activity that’s being fueled by rising demand for online banking tools, encouraging

Read More

JPMorgan Chase Set to Snap up 40% Stake in Brazilian Digital Bank C6

JPMorgan Chase has entered into an agreement for a 40% ownership stake in Brazilian digital bank C6 Bank for an undisclosed sum. Launched in 2019, C6 Bank has reportedly amassed more than 7 million customers on its digital platform. C6

Read More

5 Trends Shaping Brazil’s Fintech Industry in 2021

Brazil, the largest fintech market in Latin America (Latam) and the fifth in the world with more than 750 fintech companies, had a glorious year 2020, and the momentum is expected to continue in 2021. Investment in Brazilian fintech companies

Read More