Generic selectors
Exact matches only
Search in title
Search in content

The future of finance in LatAm & the Caribbean

December 06, 2021

Fintech investment: Kavak,Banco Alfa, Ripio, and more

Sep 24, 2021

By Antony Pinedo
Inversión fintech kavak

#FridayBriefing: Kavak becomes the second highest rated fintech in Latin America.

Kavak doubles its valuation to US$8.7 billion

Kavak, a Mexican fintech that finances used-car purchases, raised US$700 million in a Series E round led by US fund General Catalyst. The company, which also has a presence in Argentina and Brazil, doubled its valuation to US$8.7 billion and became the highest-valued unicorn in Latin America after Nubank.

Banco Alfa invests US$113 million in fintech E-ctare

Banco Alfa of Brazil will invest US$113 million (R$600 million) over the next three years in the agricultural credit fintech E-ctare. The investment is designed to finance improvements to the platform and allow the  fintech to increase lending.

Like what you're reading?

This summary belongs to our #GoodSources newsletter. Subscribe and receive this information and much more directly to your inbox.

Cryptocurrency firm Ripio raises US$50 million

Argentine cryptocurrency company Ripio raised US$50 million in a Series B round led by blockchain specialist Digital Currency Group (DCG). Ripio, which also has a presence in Brazil, will use the funds to expand to Colombia, Mexico and Uruguay this year and to Spain in 2022.

Sempli starts new investment round

Sempli, a Colombian fintech that provides loans to SMEs, began a new round of capital and debt raising. The firm is approaching US$13 million with the participation of the Inter-American Development Bank (IDB), global investment cooperative OikoCredit, investment manager Incofin and Swiss microfinance specialist Enabling Qapital AG. The fintech plans to continue expanding its credit, insurance, and credit card offerings.

Are you subscribed to our weekly newsletter?

Leave your details to receive our Monday briefing on the key news in digital banking, fintech and payments in Latin America.


Submit a Comment

Your email address will not be published. Required fields are marked *


error: Por favor, respeta nuestro trabajo: La reproducción de nuestros contenidos está estrictamente prohibida.
Thank you! Your subscription has been confirmed. You'll hear from us soon.
Únete a los líderes globales de tecnología financiera que leen iupana