Brazil
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
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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
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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
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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
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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
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Brazilian Cross-Border Commerce Platform EBANX Bags US$430 Million Ahead of IPO
EBANX, a Brazilian cross-border commerce platform, announced an investment of US$400 million from Advent International and an additional commitment of US$30 million to the company’s planned IPO in the U.S. Advent has made investments in Vantiv, Worldpay, Nets, Nexi, Planet,
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Nubank Bags US$ 750 Million in Two Series G Extensions, Now Valued at US$30 Billion
Brazilian challenger bank Nubank announced that it has raised a total of US$ 750 million during two extensions of its Series G funding round, raising the round to US$1.15 billion. During the first extension, the challenger bank secured US$500 million
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56 Fintech Billionaires Worth a Combined US$327B in 2021
There are 56 fintech billionaires around the world who combine a total net worth of US$327.7 billion, data curated by Finextra based on Forbes’ 2021 World’s Billionaires list show. These represent some of the world’s biggest and most successful fintech
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Global Mapping: Open Banking Key Players in 2021
Dutch payment news and intelligence the Paypers has released an updated version of its infographic of the global open banking ecosystem in 2021, mapping key solution providers and their core offerings and solutions. The map categories open banking companies in
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An Overview of South America’s Booming Neobanking Sector
South America has seen an exceptionally dynamic evolution of its neobanking landscape, with now more than 30 live neobanks and digital banks that serve over 50 million customers out of the region’s 430 million+ population (+11%), data from Dutch fintech
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