LatinAmerica

Colombian Proptech Habi Attains Unicorn Status With US$200 Million Series C

Habi, a Colombian data-driven residential real estate platform, announced that it has raised US$200 million in equity in its Series C funding round, The company said that it is the first proptech unicorn with a female founder and CEO in

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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

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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

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Colombia: Underdeveloped Wealthtech, Banking Tech Sectors Are an Opportunity for Swiss Fintechs

In Colombia, underdeveloped fintech segments including investment management/wealthtech and banking infrastructure represent a market opportunity for Swiss fintech companies, which have over the years build up expertise and competencies in both areas, a new report by Swiss governmental agency Switzerland

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In Guatemala, Incumbents Tap Fintech Specialists to Ramp up Tech Capabilities

In Guatemala, incumbent banks are teaming up with fintech startups to benefit from their technological advancements, enable a seamless digital customer experience and access new market segments. Banco de los Trabajadores (Bantrab) is among the prominent financial group in the

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Mastercard to Extend Real-Time Payments to Latin America With Arcus Acquisition

Mastercard has acquired Mexico-based Arcus Financial Intelligence to support bill pay solutions and other real-time payment applications across Latin America. Arcus provides bill pay and cash-in, cash-out services for billers, retailers, fintechs and traditional financial institutions in the US and

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El Salvador Plans World’s First ‘Bitcoin City’ Funded by US$1 Billion ‘Bitcoin Bond’

El Salvador’s President Nayib Bukele announced plans to build a world’s first “Bitcoin City” situated near a volcano that will be funded by the cryptocurrency according to Reuters. Bukele seems to be doubling down on his crypto push as El

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Peru Fintech Industry Grew 16% This Year; COVID-19 Accelerates Digital Adoption

Peru’s fintech industry has been growing consistently these past years, surging to 171 fintech companies operating locally, as of September 2021. The figure represents a 16% from 2020, and an annual average growth rate of 20% over the last seven

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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

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Latin America’s Fast-Evolving Fintech Regulatory Landscape

Latin America (Latam)’s fintech industry is booming, fueled by the region’s large population of unbanked, rising demand for online banking tools and a surge in venture capital (VC) investment into the region. In 2016, Latam financial services companies secured just

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