Search Results for "LATAM"
6 results for "LATAM"
Deals 6
Ualá Raises $195M to Scale Embedded Insurance Across Latin America
Argentine neobank Ualá closed a $195 million equity financing round led by Allianz X, reaching a $3.2 billion post-money valuation. The funds will support Latin America expansion and embedded insurance scaling. This positions Ualá as a major embedded finance player in the LATAM region.
Powens Launches Virtual IBANs and Open Finance Features for Europe and LATAM
Embedded banking platform Powens released its Fall 2024 product update introducing Virtual IBANs and new Open Finance features. The release targets financial institutions and fintechs in Europe and LATAM, automating banking and payments workflows. The update expands Powens' embedded banking capabilities across multiple markets.
Santander's PagoNxt Acquires MIT to Expand Getnet Merchant Payments in LATAM
PagoNxt, Santander's payments fintech subsidiary, acquired a 70% stake in MIT, a technology partner, to accelerate the expansion of its Getnet merchant payments platform in Mexico and Latin America. The deal strengthens Santander's embedded merchant acquiring capabilities through a bank-owned fintech structure.
Belvo Raises $43M Series A to Scale Open Finance APIs in LatAm
Belvo, a Latin American open finance API platform often called 'LatAm's Plaid,' raised $43 million in a Series A round. Investors included Kaszek, Future Positive, Kibo Ventures, FJ Labs, MAYA Capital, VentureFriends, and angels such as Nubank's David Vélez and Wise's Harsh Sinha. The round was the largest Series A for a LatAm fintech at the time per Crunchbase data. The funding will help Belvo scale its developer-first API that connects apps to bank accounts, tax authorities, and gig platforms across Mexico, Brazil, and Colombia.
Visa Agrees to Acquire YellowPepper to Expand Digital Payments in Latin America
Visa agreed to acquire YellowPepper, a Latin American digital financial solutions provider serving 50 clients and 5 million users. The deal builds on Visa's 2018 investment in YellowPepper. It strengthens Visa's embedded finance and digital payments capabilities across the LATAM region.
Visa and NovoPayment Partner on Digital Financial Services in Latin America
Visa partnered with NovoPayment to enable digital financial services such as mass disbursements and collections via a cloud-based platform for banks across Latin America. The partnership leverages NovoPayment's API-driven platform to help banks deliver embedded payment and account services to corporate clients. This represents an early embedded finance play in the LATAM region.