The future of finance in LatAm & the Caribbean

Ebanx receives $430m private equity round; Credijusto buys Banco Finterra

Jun 18, 2021

By Fabiola Seminario
ebanx-dapp-betterfly
The key news in LatAm digital banking, fintech and payments: Investments for Ebanx, Betterfly and Dapp; Credijusto buys Banco Finterra

 

Ebanx receives investment of US $ 430M

The payment platform Ebanx has received a US $ 430 million private equity injection from Advent International, placing the investment firm as a minority partner. Ebanx’s co-founder Wagner Ruiz told iupana the company will use the capital to expand its local payments network in Latin America, and make acquisitions.

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Credijusto acquires Banco Finterra

The Mexican SME loan fintech Credijusto has bought Banco Finterra for US$ 50 million, becoming the first fintech in Mexico to acquire a bank. With the purchase, Credijusto plans to position itself as the largest provider of financial services for SMEs.

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Insurtech: Betterfly raises US $ 60M

Chilean insurtech Betterfly has closed a US$ 60 million Series B round, with participation from DST Global Partners, QED Investors, Softbank, among others. Now, Betterfly is Latin America’s highest-valued insurtech, at US$ 300 million.

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See also: Crowdfunding en Peru: New rules add to LatAm’s fintech regulation push

Dapp raises US $ 12M Series A

The Mexican payment fintech Dapp has closed its series A round for US$ 12.4 million, led by G2 and Kalonia. With the investment, Dapp plans to expand its network of associated businesses and digital wallets in Mexico, Antonio Peláez, CEO, told iupana.

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Mercado Pago and ASECH form strategic alliance

The fintech arm of Mercado Libre and the Chilean Entrepreneurs Association (Asech) have formed an alliance to facilitate digital sales for small businesses with tools such as payment links, subscriptions, web pages, among others.

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See also: LatAm’s cross-border fintechs say local partners pivotal

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