This week’s key fintech and digital banking news: CloudWalk and a55 raise capital; QED launches LatAm seed fund.
The global payment network based in Brazil has just closed its series B financing round for US $190 million, led by Coatue , with the participation of other investors such as DST Global, Valor Capital, among others. The platform, which operates on blockchain and AI, processes more than US $ 1 billion in transactions annually.
The alternative lending platform for SMEs has received a combined debt and equity investment of US $35 million, led by Accial Capital and other investors. With the new fund, a55 will finance its lending operations in Brazil and Mexico.
The venture capital firm focused on Latam has allocated US $ 12 million to support fintechs in pre -seed and seed status in the region. With the new fund, which will be supported by local partners and entrepreneurs, QED will seek to expand its reach in commercial fintech models throughout the territory.
Latin American open banking platforms Finerio and Guibolso have entered into a strategic alliance to internationalize their open banking solutions, as well as other products that include data intelligence and the use of APIs to connect fintech and financial institutions in the region.
EBANX co-founder João Del Valle is the new CEO of the local payments enabling platform in Latam. The new leader, who takes over from Alphonse Voigt, will have the mission to keep pushing the expansion of operations and the consolidation of the company in the payments market regionally.
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