E-commerce giant Mercado Libre May 3 reported triple growth in net profits during the first quarter, with fintech as the fastest-growing category within the $60 billion Latin American company. With headquarters in Argentina, Mercado Libre booked $201 million in net income in the period, up from $65 million in the year-ago quarter. More substantial revenue […]
With Coinbase’s regulatory disillusionment playing out for all to see and a game of litigation tag well underway, times look tough for the world’s second-biggest CeFi exchange. Of course, they are not the only ones. Kraken, Bittrex, and Binance have all been touched by the regulators’ enforcement spree not an ideal time to be a […]
Fintech startup Belvo is expanding in Latin America as progress in Open Finance paves the way for new lending opportunities. Last month, the Mexico-based open finance company announced its latest product. It will provide its clients with access to updated employment data at the Mexican Social Welfare Bureau, one of the largest official databases in […]
Sponsored Sponsored content is a type of promotional media paid for by an advertiser but created and shared by a publisher. Fintech Nexus contracts sponsored content articles to experienced journalists comfortable in the fintech space. by IvyTek One eureka moment for IvyTek came a decade-plus ago when Mike Griggs was searching for a way around […]
As we move through months of dropping valuations and funding rounds, the mood may be somber in the fintech community. According to a new report conducted by QED Investors and Boston Consultancy Group (BCG), since April 2022, valuations have dropped around the globe by 60%. While early-stage companies still see some funding, the more mature […]
One thing that has been driving the fintech industry forward in the last few years has been the growth of infrastructure companies. Building the plumbing for modern finance is one of the hottest areas in all of fintech, particularly when it comes to international finance. This burgeoning fintech-as-a-service subsector has produced some market leaders. Arik […]
AUSTIN, Texas — The headlining takeaway of Consensus 2023, along with most crypto conversations being had these days, is that regulation of the space is one of the industry’s single largest issues. In a poll made during the conference, almost 90% felt regulation is the most pressing issue facing crypto in the U.S. This issue […]
After several months of development, Credicorp, Peru’s leading financial group, launched its digital banking unit iO to cater to young Peruvians. The rollout marks the first step from the incumbent in building a neobank in this fast-growing fintech ecosystem. “After many months of work, I am proud to share that today we are launching iO, […]
Fintech faces many challenges right now. Changes caused by post-pandemic events, supply chain fractures, and political conflicts reshaped consumers’ behavior and the market in general. All the events and changes are reflected in the bespoke solutions of fintech. By creating trends and building future-ready solutions, fintech companies try to satisfy global regulatory requirements and meet […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts