Konfio raises US $ 125 million from Lightrock, Softbank and VEF
Konfio, a Mexican fintech that lends to SMEs, raised US $ 125 million in a round led by Lightrock and with the participation of existing investors including Softbank and Vostok Emerging Finance. The 7-year-old start-up plans to use the capital to acquire other technology companies to grow its business.
Atom Finance raises $ 28 million in Series B
Atom Finance, a US wealthtech, raised US $ 28 million in its series B investment round led by Softbank’s Latin American fund. General Catalyst and Base Partners funds also participated in the investment. With this money, Atom Finance aims to boost the growth of subscribers, expand headcount and grow its B2B offering.
Iris, a neobank launched by Colombia’s Financiera Dann, sets out product roadmap
Colombian lender Financiera Dann Regional aims to reach more than 6,000 small business clients in the next 12 months with the launch of Iris, a neobank focused on SMEs. In addition to offering bank accounts, Iris plans to roll out digital loans, app-based payments and a pre-paid business card, the startup’s CEO told iupana in an interview.
Finerio Connect wins LatAm Visa Everywhere Initiative
Finerio, an API development fintech, was chosen as the Latin America and Caribbean winner of the Visa Everywhere Initiative award. The 5-year-old fintech won US $ 10,000 and goes on to face other startups in the world championship in September.
See also: LatAm insurtech shifts focus to operational innovation
CIAB 2021: Brazil’s biggest banks call for level playing field
Chief executives from Brazil’s largest banks say the country’s Central Bank has enhanced the financial system and improved competitiveness with its regulatory innovations. But they warned against the rise of regulatory asymmetry between players.
CIAB 2021: Brazilian digital banks attract new customers amid pandemic
Brazil’s digital banks are taking advantage of the swift change in consumer finance habits since the onset of the pandemic, according to company CEOs speaking at Ciab 2021. And with the spread of digital services, the profile of digital banks customers is no longer composed of young people, they added.
Citibanamex and Mastercard launch new credit card
In Mexico, Citibanamex and Mastercard launched a credit card labelled “Simplicity”, which offers new security measures for making online transactions. Simplicity replaces the traditional back-of-card CVC in favor of an app-based dynamic code.
See also: Payments startups feature among latest fintech profiles in iupanaConnects