18 September, 2020
dLocal raises millions in round; Nubank buys Easynvest; Crowdfunding in Colombia is modified

#TopNews: The most important news of the week on digital banking and fintech in Latin America

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By Fabiola Seminario

 

dLocal raises US $ 200 M in investment round and becomes a unicorn

dLocal, a mass payments fintech, has just catapulted itself to become the first unicorn in Uruguay’s history, thanks to a US $ 200 million round led by tGeneral Atlantic. With the investment, the startup that helps companies manage payments in emerging markets, achieved a valuation of US $ 1.2 trillion. The amount received will be used, to a large extent, for expansion plans.

Crowdfunding in Colombia adds new rules

The Government of Colombia presented new guidelines for collaborative financing activity, or crowdfunding. The maximum financing amounts were increased and MSMEs will be able to borrow of up to US $ 13.7 million. Other Hhghlights: Platforms will be able to provide services that allow registered companies to receive donations, and more.

Up to 6 months it takes a Mexican to open a bank account

It can take a person in Mexico between 4 to 6 months to open a business account, and up to a year to access a debit card, said a report from the Pymnts information portal. Faced with this, experts argue the country does not need another bank, but rather an operating fintech system.

See also: Digital onboarding prime time is 2 minutes, says Rappi

40% of Colombians will not return to a branch after Covid-19

Before the pandemic, 62% of the banked population in Colombia did not see the need to use digital channels to make transfers; however, this figure is set to decline, after it was revealed that 40% of Colombians do not believe that they will visit a branch again to carry out their transactions, according to projections by EY Parthenon.

Nubank enters the investment market

The Brazilian neobank Nubank has acquired Easynvest, a digital investment platform also originally from Brazil, with which it is making a bet on this market that is growing rapidly. It’s the fintech’s third purchase this year.

See also: Payments and E-Commerce LatAm: Trust grows as transactions surge

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