Finkargo raised $75 million to help small businesses finance international trade ops

Colombian fintech Finkargo announced it raised $75 million in structured credit from Community Investment Management (CIM) — an impact investment fund that focuses its resources on companies that promote financial inclusion and that has previously invested in LatAm fintechs as Stori (Mexico) and Xepelin (Chile). Finkargo is focused on financing foreign trade operations for small […]

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Podcast 398: Patrick Gauthier of Convera

When we think about cross-border payments, we typically think about consumer payments, people sending money back to their home country. But the business-to-business market for cross-border payments is many times larger and more complex. Our next guest on the Fintech One-on-One Podcast is Patrick Gauthier, the CEO of Convera. Now, you may not have heard […]

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Financial inclusion on the rise: LexisNexis Risk Solutions report

More financial institutions prioritize financial transparency and inclusion, but they face challenges in getting there, a new report from LexisNexis Risk Solutions finds. Balancing Act: Overcoming KYC Challenges to Promote Financial Inclusion can be downloaded here. Leslie Bailey, vice president of financial crime compliance at LexisNexis Risk Solutions, said financial transparency and inclusion are increasingly […]

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Soaring inflation could benefit B2B BNPL market

Heightened inflation has increased pressure on SMEs in the UK following almost three years of challenging conditions. Financing has become critical for a sector that continues to face problems with access to funding through traditional sources such as banks.  According to Nucleus Finance, 64% of retail, wholesale, and hospitality SMEs are concerned about access to […]

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Tsunami alert: Enforcement actions are coming

The following is a guest post by Konrad Alt and Catherine Brown, Klaros Group. Enforcement authority is without question one of the most impactful and feared tools in the toolbox of bank regulators. The economic, reputational, and strategic implications of enforcement action can long outlive the action itself. All financial institutions strive to avoid them. […]

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With SeuVale acquisition, insurtech Betterfly plows ahead with Latin American expansion

For the most part, Chile’s insurtech unicorn Betterfly has fueled much of its global expansion through acquisitions. Last year, the Santiago-based company scooped almost half a dozen startups in its home country. Despite everything, this year was no different. In July, the company blazed a trail into Europe by acquiring Spanish firm Flexoh. Recently, it […]

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Square adds American Express cards for sellers

American Express and Square announced on Nov. 16 a plan to launch a new credit card explicitly built for Square sellers on the American Express network. Luke Voiles, General Manager of Square Banking Luke Voiles, General Manager of Square Banking, said SMBs have struggled with credit needs, and Square wants to make it easier. “Small […]

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How Chile’s fintech law could fuel sector growth

Chile’s long-awaited fintech law was finally brought about in October when Congress unanimously approved it almost a year after it was initially introduced. As fintechs in the country await for the law to come into effect, experts that spoke to Fintech Nexus weigh on its likely impact on the economy and the financial sector. The […]

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Cost of living crisis critical: UK fintech sector mobilizes

The UK’s financial resilience is on unstable ground.  The rising cost of living has taken its toll on an already rocky outlook, bringing many closer to the brink of poverty and increased debt. Many are concerned that conditions will likely worsen before they get better.  “It is a tough climate,” said Clare Gambardella, Chief Customer […]

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Sustainability in financial services is progressing, but help needed

While financial institutions are starting to progress on sustainability, there are several ways they can accelerate that progress. That finding is one takeaway from A global benchmark for sustainable banking, an annual report published by Mobiquity. Senior advisor for digital banking Ruby Walia said the report, now in its second year, is meant to serve […]

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