Descubre el futuro de las finanzas en América Latina y el Caribe

The future of finance in LatAm & the Caribbean

O futuro das finanças na América Latina e no Caribe



Nuvemshop plans Latam expansion; Rounds for and Investo

Jul 9, 2021

By Antony Pinedo
This week's key fintech and digital banking news: Nuvemshop plans LatAm expansion; and Investo raise capital; BCP shares plans for its digital wallet and Rappi launches a credit card in Brazil...



Nuvemshop invests R $ 55 million to expand in Mexico and Colombia

Nuvemshop, a Brazilian e-commerce platform, announced the investment of R $ 55 million (US $ 10.5 million) to expand operations in Mexico and enter the Colombian market. It also intends to reach Chile and Peru next year. raises US $ 7.2 million series A, an insurtech dedicated to insurance for the emerging middle class in Latam, raised US $ 7.2 million. The investment was led by ALLVP and Goodwater Capital, Kairos Angels and Bridge Partners also contributed. With this money, hopes to increase its products, such as property or health insurance.


Investo raises R $ 15 million seed round

Investo, a fintech dedicated to the management of exchange traded funds (ETF), received R $ 15 million (US $ 2.8 million) from angel investors. With the money, Investo hopes to launch its first ETF on the Brazilian stock market in the coming weeks.

See also: Mobile banking explodes in Brazil

BCP plans expansion of Yape wallet

Banco de Credito del Peru (BCP) plans to add payment charging functions and other corporate services to its digital wallet Yape, as part of a growth strategy. In addition, it is considering products such as cell phone recharges, mass payouts and the possibility of delivering microcredits through the application.


Rappi launches credit card in Brazil

The Colombian super app Rappi announced the launch of its credit card in the Brazilian market. In partnership with Visa, Rappi hopes to compete in the payments sector and expand with the same product in other markets where it operates. Rappi already offers credit cards in Mexico, Colombia and Peru.


Carao Ventures creates investment fund for Latam startups

Carao Ventures Fund I is a new fund to invest in startups of small and medium economies in Latam. With an initial amount of US $ 35 million, the fund will initially target opportunities in Argentina and Chile. The investment approach is aimed at financing companies in pre-seed to series A stages.


See also: Growing force: Rise of women in fintech brings big benefits

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