#TopNews: The most important news of the week on digital banking and fintech in Latin America
Zinobe arrives in Mexico with Mexarrend
Colombian loan fintech Zinobe will expand its operations to Mexico together with Mexarrend, one of the largest independent leasing companies in that country. The proposal, under the name Centeo, is to offer digital credits to small and medium-sized companies.
Rappi and Interbank will provide digital financial services in Peru
In the next few days, Rappi Peru will enable new financial functionalities in its application, from Interbank. For the Peruvian bank, this alliance will mean continuing to advance in its digital transformation process. The new products will be marketed under the RappiBank brand. The news follows Rappi’s joint venture with Banorte in Mexico, which was launched earlier this year.
PayPal and EBANX launch digital wallet in Brazil
EBANX, a payments processor with a strong presence in Latin America, has teamed up with PayPal to introduce a new digital wallet that seeks to attract the unbanked sector in Brazil, estimated at some 55 million people.
Covid-19: Fintech payments and savings in Mexico are the least affected
Payments and savings startups are set to be the least-affected in the fintech industry as a result of covid, according to the Fintech Mexico Association.
Banks, startups, plan to launch in in Colombia
Three banks (JP Morgan, BTG Pactual and Lulo Bank), four financing companies, two crowdfunding platforms and an insurance company are targeting Colombia to start operations, according to the country’s regulator. Lulo Bank, a digital bank, has already received authorization to deploy.
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Key Fintech & Digital Banking News of the Week: CloudWalk and a55 Raise Capital; QED Investors launches a fund in LatAm.
Financing big-ticket purchases through “buy now, pay later” is a difficult model to get right in Latin America
This week’s key fintech and digital banking news
Messaging app with “gigantic power” gears up for Brazil entry
This week’s top: Nubank is rumored to be preparing a US IPO; Fintechs Merama and Warren raise big investment rounds.
Access to post-seed stage capital remains a challenge as the region’s ecosystem matures
- Fintech investment: Nubank, Neon top the table of 2020 financing rounds
- Chile regulates payment interchange; Fintech acquisitions & investments continue; & more
- Nubank said to target US IPO; Merama and Warren score big rounds; Revolut tests Peru demand
- Top News: WhatsApp offers payments, Infocorp gets acquired
- Oyster closes round; Colombia prepares payment regulation
- With new scoring models, LatAm fintechs keep lending through crisis