Here is the key fintech and digital banking news this week: Rappi launches a bank in Brazil; AlphaCredit receives capital for US$ 25M.
Rappi launches a bank in Brazil
Rappi, the Colombian super app, has launched a digital bank in Brazil, RappiBank. The first product is a loan for companies associated with the platform, and during 2021 the bank will roll out credit cards and accounts. In parallel, Rappi has requested authorization from the Central Bank to act as a payment institution and SCD (Sociedade de Crédito Direto), and to be able to lend its own money.
AlphaCredit closes financing for US$ 25 million
Mexican lending fintech AlphaCredit has closed a structured financing agreement for US$ 25 million with Morgan Stanley Senior Funding. The loan will help it expand in Mexico and Colombia.
Argentine startup Pluggy seeks to score its first million dollars
Pluggy, a startup that offers open banking infrastructure to connect programmers, banks and companies, says it is on track for revenue of US$ 1 million, with a model that facilitates access to information through APIs.
Banco Ripley Chile has a new CTO
Claudio Rodrigues Oliveira, the former manager of digital transformation of Interbank Peru, has just been recruited by Banco Ripley de Chile to occupy the position of chief technology officer.
Caribbean banks move toward digital currencies
A group of investment banks in The Bahamas, Barbados and the Cayman Islands, has partnered with Bitt, a fintech company, to facilitate cross-border transactions based on digital currencies on its network in the Caribbean.
#TopNews: The key fintech and digital banking news this week
Digital investment platforms are on the rise – yet facing a tough road ahead
#TopNews: The key fintech and digital banking news this week: The Caribbean continues with digital currency momentum; Mundi closes investment for US $ 7.8M; and more
Here’s how open banking is evolving across Latin America
#TopNews: Key fintech & digital banking news this week: Mastercard Supports Bahamas Digital Currency; Valoreo closes investment; and more
Digital wallets are booming in Argentina
- The Caribbean continues to push its digital currency; Mundi closes investment for US $ 7.8M
- Covid-19 lifts e-commerce usage in Latin America
- Open banking: Regulations and technology push change in LatAm
- LatAm fintech investors retreat to pockets of safety amid pandemic
- PLIN brings free inter-bank payments to Peru
- Financial inclusion in Mexico: Digital payments struggle to take off