Brazil
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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Account-to-Account Transactions Soar Globally Amid Merchant Adoption and Real-Time Payment Push
Account-to-account (A2A) payments are taking off around the world, driven by booming adoption of the payment method by businesses and payment infrastructure modernization efforts from governments, a report by fintech solution provider FIS says. The 2023 Worldpay from FIS Global
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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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Brazil’s EBANX to Expand Payments Solutions to South Africa, Kenya and Nigeria
Brazilian payments company EBANX announced plans to expand its operations and payments solutions outside Latin America for the first time to Africa, with a focus on South Africa, Kenya, and Nigeria. The three countries are said to account for 32
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