Brazilian unicorn Neon recently announced that it had raised $64 million for its Credit Rights Investment Fund (FIDC), which acquires credit rights from credit cards’ receivables. The fundraising, part of its second round of FIDC, comes when Brazil’s banking sector has seen default rates increase. XP Investimentos acted as the lead coordinator of the offering. […]
From an early start, it was clear that replicating Pix’s wide success would not be easy. The instant payment system launched by the Central Bank saw staggering adoption from an early start, growing consistently every month ever since to the point that 130 million Brazilians have already used it to pay through their smartphones. With […]
Unsurprisingly, an airport convenience store turned out to be an ideal test case for grab-and-go frictionless checkouts. Krishna Motukuri DFW’s Fort Worth Magazine Travel Store saw 70% revenue growth and a 91% customer conversion rate in six months. Frictionless checkout fintech Zippin delivered a case study that showed dramatic engagement numbers at the airport vendor. […]
Despite extensive pushback from some governmental figures, sustainable and renewable energy sources are becoming a more prominent area of focus in the U.S. The focus on domestic energy production to curb inflation led to the passing of the Inflation Reduction Act last year. With it came a wave of consumer demand for solar loans, an […]
On Jan. 30, 2023, SoFi delivered results that surpassed expectations despite challenging conditions. “We finished a remarkable year with another quarter of record financial results, and continued strength in member and product adds, as well as cross-buy momentum,” said Anthony Noto, CEO of SoFi Technologies, Inc. SoFi Q4 2022 Earnings ReleaseDownload The company reported a […]
Serena Fleischman Hi guys, welcome to the Fintech Coffee Break. Today, I sat down to share my coffee break with Serena Fleischman and Alejandro Fritz, Co-Founders of FLIT invest. FLIT Invest is an investment app that allows users to use their money to power businesses and causes according to their values. Customers can invest as […]
iCred, a fintech that facilitates payroll loans, has launched an origination campaign and accessed a new $58 million to provide payroll loans to the more than 36 million Brazilian Social Security (INSS) beneficiaries, which can help its users organize their accounts and pay off debts. The startup will use these resources to expand its operations […]
The following is a guest post by Carlos Antequera, CEO and Co-founder of Novel Capital. Balancing capital costs can be tricky for startups seeking new investments. Leveraging personal assets to secure a bank loan is risky, and surveys show that venture capital firms accept less than one percent of investment opportunities. What’s more: VC investments […]
In one of the most underbanked economies in Latin America, Kueski has made a name for itself by lending to the financially excluded. Founded in 2012, it claims to be one of the largest BNPL firms in Latin America. It reports 1.7 million unique users and more than 9 million loans disbursed since its inception, […]
The new year brings with it the ever-looming inevitability of FedNow. The new payment rail, the first U.S. update on a federal level since the 1970s, will bring real-time payments to the finance sector around the clock. Of course, fintech was already addressing this need but has been held back by the delay in the […]