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Fintech

YoFio Secures $10M Investment to Support Mexican Microbusinesses

This round, led by Oikocredit and joined by 500 Global, Innogen Capital, G2 Fintech Fund, Cauris Finance

March 27, 2024

Clara Hits Over $2 Billion in Digital Transactions in Mexico

CEO Gerry Giacomán Colyer highlights the transition from startup to a major player, emphasizing agility and a strong business model.

March 27, 2024

Nu México Trims Savings Account Yield to 14.75%

Following Banco de México's rate cut, Nu México adjusts savings yield, impacting fintech sector strategies and possibly setting a trend.

March 27, 2024

Peruvian Fintech Leasy Secures $28M in Series A Funding

targets 500+ loans in Peru, $1.5M monthly in Mexico

March 26, 2024

Brazil’s fintech sector is facing a surge in loan defaults, with some portfolios experiencing delinquency rates over 60%.

High delinquency rates challenge startups like Open Co, Nexoos, Gyra+.

March 25, 2024

Takenos, Argentine Fintech, Sets Sights on Mexico with 80,000 User Goal

Arriving with a 20,000-strong user base, Takenos targets significant Mexican market expansion.

March 25, 2024

The Assembly of the Colombia Fintech Association Elects Board of Directors with Female Majority

8 out of 15 members of the association's highest governing body are women.

March 21, 2024

Congress Approves Changes for Virtual Wallets Affecting 10 Million Argentines

Making advances on crypto regulation to meet FATF expectations.

March 21, 2024

Nanocred, The Fintech Faces Massive $327M Fine for Deception, Usury

The company misled users, charged illegally high rates on its Profin App.

March 20, 2024

Uruguayan Fintech dLocal Explores Acquisitions and Buybacks Amid Market Consolidation

Company posts strong cash position, but misses earnings estimates, causing stock to tumble

March 20, 2024