Santander will develop a new IT center in Brazil
Banco Santander will build a new innovation center in Brazil, with the aim of further strengthening its digital muscle. The bank will work on big data, mobile device and AI projects, among others, at the center.
Emerge, new credit for microentrepreneurs in Colombia
Colombia’s National Federation of Merchants (Fenalco), Referencia, a fintech, and Caja Social, a bank, have just announced a new line of credit to support the Colombian economic recovery. ‘Emerge’ will grant loans from US $ 1 million to US $ 22 million in various regions of the country.
New startup debt fund launched
IDB Invest, SVB Financial Group and Partners for Growth have created a new risk fund of US $ 30 million. The fund will provide structured debt to growing emerging companies in the region.
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Brazil’s Neon will venture into investments
Neon Pagamentos, the Brazilian digital account and lending fintech, will start offering investment options to its users thanks to the purchase of Magliano Invest, the oldest broker in the Brazilian market. The purchase amount was not disclosed.
JP Morgan buys FitBank shares
US bank JP Morgan has just bought a stake in FitBank, a Brazilian fintech specialized in providing white-label accounts and financial services technology for banks and fintechs. The purchase value was not disclosed.
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