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.
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.
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