Brazil

Brazil QI Tech Raises $200M Series B

QI Tech, the first Direct Credit Company (SCD) approved by the Brazilian Central Bank, announced an investment of US$200 million (R$1 billion) in a Series B round led by General Atlantic, with participation from existing investor Across Capital, which is

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2023’s Biggest Fintech Acquisition Deals

The global fintech sector is witnessing a slowdown in deal activity, with companies adopting a cautious “wait-and-see” approach. In the first half of 2023, only 128 mergers and acquisitions (M&A) were recorded, compared to 248 and 188 in the first

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18 Upcoming Fintech Events in Latin America to Attend

Latin America (LatAm) is experiencing a dynamic surge in fintech innovation, emerging as one of the fastest-growing regions in the space globally. As of April 2023, the region was home to about 1,000 active fintech companies with Brazil (466 fintech

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Brazil’s Top Fintech Startups and Unicorns

Brazil, one of the largest economies in Latin America (LatAm), has become over the years a breeding ground for some of the largest and most successful fintech companies in the region, a growth that’s been driven and facilitated by the

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Top 8 Fintech Deals in Latin America in H1 2023

Fintech startups in Latin America (LatAm) raised a total of US$254 million in funding in Q2 2023, bouncing back 69% from Q1’s US$137 million, data from Fintech Global, a provider of fintech information services, show. Despite the quarter-on-quarter (QoQ) rebound,

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Visa Inks US$1 Billion Deal to Buy Brazilian Fintech Pismo

Payment giant Visa announced it has inked a deal to acquire Pismo, a Brazilian cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for US$1 billion in cash. By acquiring Pismo, Visa will

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Sweden’s Zimpler Expands to Latin America With New São Paulo Office

Swedish payments company Zimpler announced plans to expand to Latin America and that it has established its regional headquarters in Sao Paulo, Brazil’s financial center. A recent study conducted by Zimpler showed that nearly half of all online consumers in

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Nubank Launches Its Own Cryptocurrency on the Polygon Blockchain

Latin American challenger bank Nubank announced the creation of Nucoin, its own cryptocurrency on the Polygon blockchain network, set to be launched in the first half of 2023. The token, developed with Polygon’s support, will be part of a rewards

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Warren Buffett-Backed Nubank Crosses 70 Million Users

Nubank has reached 70 million customers in Latin America, with 66.4 million users in Brazil, 3.2 million in Mexico, and more than 400,000 in Colombia — making it the fifth largest financial institution in Brazil in terms of number of

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