Fintech
Rappi: Credit card ventures see slow take off
We look at Rappi’s credit card numbers in the region, which have lagged the rapid growth enjoyed by other digital lenders….
Itaú and C6 strategize to conquer the nomadic dollar
Fintechs such as Wise and Nomad are leading the way in catering to digital nomads while banks feel the pressure from customers demanding cheaper, easier international payments….
Update – Will everything become fintech? Companies that branched into finance
We list the Latin American businesses that have diversified into financial services, from retailers such as Walmart and Ripley to digital platforms such as Habi and Rappi…
First Republic Bank crisis prolongs ‘capital drought’ for startups
We explore the impact of the crisis at US lender First Republic Bank on the LatAm fintech ecosystem….
The digital spinoff boom: How neobanks are springing from traditional banks
Map: Latin American banks are increasingly launching digital brands to conquer new customer segments. From Mexico to Chile, here’s an overview of the digital spinoffs from traditional institutions…
Credicorp proceeds with caution on crypto
Peru’s Credicorp revealed that it won’t be launching crypto products anytime soon, despite bolstering its team tracking virtual assets last year….
BNPL fintechs adjust risk models as economy weakens
Mexican fintechs Kueski and Aplazo say their BNPL loan portfolio remains solid in the face of sustained increases in interest rates, difficulties in raising capital and growing non-payment risks…
Brazilian fintech receives US$200m in deposits in two days following SVB bankruptcy
We explain the fate of the money that fintechs held at the now bankrupt Silicon Valley Bank (SVB)…
Friday Briefing: Women, the key to success in fintechs
This week, we look at the impact digital products have on women’s finances. Banco do Brasil becomes the first bank to integrate Pix Open Finance into its app, while in Mexico, Walmart is set to acquire a fintech, and Kushki registers as an acquirer….
Friday Briefing: Uncertain future for RappiBank in Peru
This week, we ask Talently what’s in store for fintech workers after waves of layoffs. Also, Rappi presents a savings account in Colombia, while uncertainty envelops its card JV in Peru. And in Mexico, Mercado Pago joins the credit card race. All this and more in our weekly summary….