Colombia

Colombian B2B Fintech Simetrik Raises $55 Million Series B Led by Goldman Sachs

Simetrik, a B2B financial solutions platform founded in 2019 in Colombia, announces a $55-million Series B funding round led by Growth Equity at Goldman Sachs Asset Management. Other investors joining this round include FinTech Collective, which led the Series A,

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Nuvei Launches Direct Local Acquiring in Colombia

Nuvei Corporation, the Canadian fintech company, announces that it has launched direct local acquiring capabilities in Colombia, further expanding its presence in Latin America  and strengthening its overall footprint in the region. Nuvei is the first global payments company to

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Brazil’s Nubank Starts in Colombia

Nu Colombia, a subsidiary of Nubank in the country, announced that the Financial Superintendence of Colombia (SFC) has officially approved its application to operate as a financing company. This achievement not only marks a significant milestone for Nu Colombia but

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Fintech Dominates Colombia Startup Ecosystem

Fintech has emerged into the dominant segment in the Colombian startup ecosystem, making up more than 15% of all startups in the country, a new report by StartupBlink, KPMG Colombia and other industry stakeholders, show. The Colombia Tech Report 2022-2023,

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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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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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6 Fast-Growing Fintech Startups in Colombia to Follow in 2023

Alongside Brazil and Mexico, Colombia is among the top three Latin American countries when it comes to fintech innovation. The country was home to 279 fintech companies in 2021, behind only Brazil (771) and Mexico (512). The figure makes Colombia

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European Merchants Tap Latin America E-Commerce Opportunity

Latin America, one of the fastest-growing e-commerce markets globally, has become a preferred destination for European companies looking to expand globally, an appeal that’s owed to the region’s booming smartphone penetration, rapidly digitizing population and improving payment infrastructure, a new

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In Latin America, Fintech is Driving Banking Innovation and Improving Financial Inclusion

The rise of fintech in Latin America (LatAm) over the past decade has shaken up the region’s financial landscape, driving innovation in the banking sector, boosting competition and helping increase inclusion, a new paper by the International Monetary Fund (IMF)

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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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