Bancolombia spin-off Nequi quickly grew to be Colombia’s most-used digital wallet, capturing 11 million active users and 16.7 million total customers. But now it faces a new wave of competition from...
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Friday Briefing: Citi invests in a Peruvian fintech, and we have the deets
This week, Tiger Global and Citi have both made investments in Latin America. Is this the start of...
Nomad raises $61m in series B as Tiger Global returns to Brazil
Nomad, a Brazilian neobank which offers accounts in USD, has raised the largest investment round...
Mexican fintech Clara is moving to Brazil. Here’s why
Mexican fintech Clara wants to strengthen its presence in Brazil and make it its biggest...
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Friday Briefing: Brazil rivals UK in open banking roll-out
This week, Brazil’s central bank gives us a peek into open banking uptake – and the numbers are...
Brazil has 800+ institutions in its open finance ecosystem
More than 800 institutions are participating in Brazil’s open finance system, on both a mandatory...
Friday Briefing: RappiBank bids farewell in Peru
#Strategic Plays 📊 Interbank ends Rappi card tie-up in Peru RappiBank says goodbye to Peru. The...
Where did the Latin American fintech boom go? Devaluations, retreats and layoffs
With additional reporting by Eyanir Chinea At the end of May, Soy Moni, a Mexican digital...
Friday Briefing: Interest rates as a hook for new customers
This week, we report on the growing competition in the region’s market for interest-bearing...
Interest-bearing accounts: Fintechs vie to attract user savings
Competition in the market for interest-bearing accounts in Argentina is hotting up after Uruguayan...
Friday Briefing: Credit card competition heats up in Mexico
This week, we outline Revolut's plans in three of the region’s biggest markets: Brazil, Mexico,...
The great fintech retrenching
#TopStory Fintechs clip LatAm growth plans Weak economic growth in Latin America is...
Remittance margins are falling. Here’s why one wallet still sees a booming opportunity
Remittances to Latin America hit US$145 billion in 2022, and it’s no surprise a market that...