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The future of finance in LatAm & the Caribbean

October 18, 2021

Kushki and Belvo raise capital; Banorte signs deal with Google Cloud

Jun 4, 2021

By Fabiola Seminario
#TopNews: This Week's Key Fintech & Digital Banking News: Kushki and Belvo Raise Capital; Banorte and Google Cloud sign deal


Kushki raises US$ 86m 

The Ecuadorian fintech has closed its series B round with the collection of US$ 86 million thanks to the participation of investors such as Softbank, Kaszek Ventures, Magma Partners, among others. With the new amount, Kushki plans to enter Brazil and Central America. 

Belvo closes US$ 43m round 

The API platform for open finance has closed its series A investment round for US$ 43 million, with the participation of new investment groups such as Future Positive and FJLabs. In this way, Belvo plans to expand the development of its products, expand its operation to other countries in the region and double its team of collaborators. 

Siembro closes US$ 300k pre-seed round  

The Argentine agro-credit fintech has announced the closing of its pre-seed round for US$ 300,000, led by Kirchner Impact Foundation and Cacao Capital. With the new amount, Siembro will seek to expand its growth towards Mexico. 

See also: Financial blockchain in Latam: from exploration to application 

Banorte signs up to Google Cloud  

The Mexican bank announced its partnership with Google Cloud to accelerate the digital transformation of the financial institution. With the new joint work, Banorte will offer a hyper-personalization of its banking offer through artificial intelligence, development of applications focused on open banking and the optimization of its cybersecurity framework focused on threats. 

Stripe launches payment link that enables online sales in minutes 

The technology platform has introduced Payment Links, a solution that simplifies the process of collecting online payments. Businesses can generate a custom checkout directly from the Stripe control panel, without the need for a website, an app or programming knowledge. In addition, the link allows accepting payments from more than 185 countries, so companies can create a global audience, regardless of their location. 

See also: LatAm’s fintech lenders seek new models amid growing competition 

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