Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team

Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team

It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million. Igor Senra and Leo Mendes had worked together before — founding their first online payments company, MOIP, in 2005. Read more…

Credit startup Migo expands to Brazil on $20M raise and Africa growth

Credit startup Migo expands to Brazil on $20M raise and Africa growth

After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Group Capital. The San Mateo based company — previously branded Mines.io — provides AI driven products to large firms so those companies Read more…

Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch in 2012, Ebanx has primarily focused on helping international merchants sell locally in Read more…

Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch in 2012, Ebanx has primarily focused on helping international merchants sell locally in Read more…

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Latin America Roundup: Softbank bets on Brazillian unicorns and Konfio raises $250M for lending plans

Sophia Wood is a Principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia, and the U.S. Sophia is also the co-founder of LatAm List, an English language Latin American tech news source. Softbank did not let up the flow of capital to Brazil Read more…

The emergence of super apps in Latin America

The emergence of super apps in Latin America

Thiago Paiva is a fintech entrepreneur, writer and investor. He is the co-founder of Liquia Digital Assets, an investment platform for international investments using blockchain technology. The super apps WeChat and Alipay became an integral part of the Chinese mobile ecosystem, growing to more than 1 billion monthly active users Read more…

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Kaszek Ventures raises $600 million in two funds as Latin America’s startup market booms

Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly Read more…

Fintech in Latin America continues to draw big dollars as Softbank invests $231 million in Creditas

Fintech in Latin America continues to draw big dollars as Softbank invests $231 million in Creditas

< div> As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services. As wealth across the region continues to rise, access to adequate financial services — specifically debt — has become a Read more…