Account to Account payments (A2A) is making inroads in Latin America, but their growth remains limited as credit and debit cards continue to dominate the market. Last year, Promete became one of the first Latin American fintechs to offer A2A payments. This 2023, Belvo, an open banking fintech, doubled its bet to provide such payment […]
As the year progresses, Brazil continues to lead the way in fintech startups in Latin America. Recently, fintech company Blipay raised $6.7 million from SRM Ventures. According to the Brazilian company, the funds raised should allow it to expand its credit line in the payroll anticipation sector — where it seeks to become a relevant […]
Today, Monday, March 13, 2023, is the day many have been waiting for, following a long weekend of uncertainty over whether deposits in the ill-fated Silicon Valley Bank (SVB) could be fully recovered. In what has been described as the second-largest bank failure in US history, SVB went down in flames last week. Its fate […]
Wednesday, March 15, 2023, 2 p.m. EDT What is this webinar about? Last week brought the troubling news of the fall of Silicon Valley Bank and Signature Bank. These have been two banking stalwarts of the fintech space for many years. Have the moves by regulators stemmed a regional banking crisis? How can fintechs and […]
Last updated:Mar. 12, 2023 We will be live-updating this story as new developments emerge. Watch for updated details from our news team and social media throughout the weekend and into next week. The latest The story has moved quickly today, as The Federal Reserve announced that it is creating a new lending facility for the […]
It was one of the most tumultuous weekends in the history of fintech, as federal regulators and government agencies took swift action to stop the bleeding after Silicon Valley Bank suddenly collapsed. LIVE BLOG: Silicon Valey Bank crisis The Washington Post first reported Sunday night that the Biden administration moved to guarantee all deposits at […]
What a stunning week of news this was. If I had told you last weekend that Silicon Valley Bank would be out of business within a week you would not have believed me. But it has happened. The 16th largest bank in America and the leading bank (by far) for fintech companies was shut down […]
Kueski, a Buy Now, Pay Later fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans. The BNPL lender surpassed $1.6 billion in loan transactions. A press release said it was an “important milestone” as it seeks to expand access to financial services in Latin America’s second-largest economy. Founded […]
In two years, Spin has quickly carved out a place for itself as one of Mexico’s most relevant fintech players. Owned by Femsa, the Coca-Cola bottler, and distributor in the region, Spin is up for one of the most challenging tasks. In a country with some of the highest underbanked rates in the region, it […]
Making processes more accessible, faster, and more efficient: It’s something any business wants to take advantage of regardless of the times. When a global event such as a pandemic shifts how things are done, however, sometimes those efficiencies become necessary for stability and growth. Dealing with paper in the back of the house, so familiar […]