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The future of finance in LatAm & the Caribbean

January 26, 2022

Valiu and Mozper raise capital; Creditas launches in Mexico; Mercado Pago grows in Chile

Dec 18, 2020

By Fabiola Seminario
#TopNews: Valiu and Mozper raise capital; Creditas launches in Mexico. The key fintech and digital banking news this week


Valiu raises US $5.25m to expand remittance services

The Colombian fintech Valiu closed a seed round for US $5.25m, which will be used to expand its offer of free cross-border transfer services and “crypto dollar”. The round was led by Blockchange Ventures and Pomp, with participation from Castle Island, Y Combinator, IDEO Colab, and Mercy Corps.

Mozper raises seed capital to digitize children’s allowances

The Mexican fintech Mozper has just closed a seed round for US $3.55m, to develop a financial application with a debit card for children. The initiative, which aims to start the financial education of children early on, estimates that parents in Mexico and Brazil invest about US $10,000 per year in allowances. The round was led by Hetz Ventures.

Creditas begins operations in Mexico

The Brazilian fintech lender landed in Mexico as part of its internationalization plan in the region. In the new market, it will offer four main products: home equity loan, car guarantee loan, car financing and Creditas @ Work, a service that brings together financial solutions for employees of private companies.

See also: With partnerships, fintechs and FIs gain speed and innovation

Colombia will work on a “voluntary” regulation of Open Banking

Colombia’s Financial Regulation Unit (URF), part of the finance ministry, said it will develop a “voluntary” framework for open banking, which is set to be available in the second half of next year.

Mercado Pago’s Chile QR payments grow

Mercado Pago Chile has increased five-fold the number of businesses using its QR code payments platform, the company said.

See also: Las Disruptoras 2020: Most Innovative Women in Fintech and Banking in 2020

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