Buenos Aires is widely purported to be one of the key hubs of startup activity in Latin America, and many of them are beginning to break out of Argentina, gaining traction – and international recognition – worldwide. Argentine fintech startup Increase uses Software as a Service to make finances simple and clear for businesses. Increasecard,
Fintech startup Nubank, reported to be valued at over $1 billion thanks to help from programmes such as Google Launchpad, is now able to offer digital bank accounts to people who are not already part of their client base. Having signed 1.5 million customers up to their digital banking service, all of whom are already
Brazil now has the largest fintech ecosystem in Latin America with 377 startups, according to Mexico-based fintech accelerator Finnovista. Thanks to growth in sectors such as digital banking, trending & capital markets and lending & insurance, unprecedented numbers of new fintech startups have launched in Brazil over the last 18 months, reaching 188 in total.
2018 is well on it’s way to being an extremely successful year for Brazilian startups, with more global expansion predicted than ever. Created in Brazil in 2012, cross-border payment processing startup EBANX is among the lucky group of growing fintech startups, offering end-to-end payment solutions across the entire cross-border e-commerce transaction flow. Having recently raised $30 million
Meet Aziz Ergashev, the founder of Asora, the ad-blocking startup that uses blockchain technology to “make you a platform for your own data”. In light of recent data breach scandals such as that of Cambridge Analytica, which saw Mark Zuckerberg subjected to a two-day grilling trial for the misuse of billions of users’ data, Ergashev
The first group of startups have been selected to receive support from multinational tech company Google via the Brazilian version of their digital entrepreneurship accelerator programme. The programme, known as Launchpad Accelerator, helps build up startups with equity-free financial support, mentorship and guidance from Google and Silicon Valley experts, along with two weeks of training at Google HQ
Puerto Rico’s Science, Technology and Research Trust (PRSTRT) is set to invest US$225,000 through the follow-up fund Parallel18 Ventures to go towards insuretech startup, Abartys Health, and fintech startup, Quiena. The investment will be in exchange for stocks or convertible notes, as a match to private capital raised by the companies. The fund, which is
Brazilian cryptocurrency startup Neon Pagamentos SA announces it will be forming a “strategic partnership” with Banco Votorantim, Brazil’s seventh largest bank. The announcement that Banco Votorantim will now take care of Neon Pagamento accounts, which are linked to small-scale lender Banco Neon, came this Monday, 7th May. According to a joint statement by both companies,
Visa’s Everywhere Initiative has been doing the rounds of the world, tasking startups to solve payments and commerce challenges of tomorrow. The initiative is a global innovation program that can enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners. Currently, it is scouring Latin America, looking for the
Are Initial Coin Offerings (ICOs) the new IPOs? Well they have one thing in common, they haven’t won a lot of confidence in general on being introduced into the market. An ICO is like a fusion of an IPO and crowdfund, but investing in an ICO will give you crypto-tokens generated by the firm instead