Thursday
January 24
2019

A private equity bet in Latin America proves the strength of fintech investments there

By Jonathan Shieber

Latin America is getting another fintech unicorn thanks to Advent International’s acquisition of a 51 percent stake of Prisma Medios de Pago, an Argentine payments company formed as a joint venture between Visa International and local banks.

The deal, which values Prisma  at $1.42 billion, is yet another sign of Latin America’s growing prominence for global investment and the central role that fintech plays in the development of an innovation economy in the region.

Photo courtesy of Juanedc.

Source: TechCrunch (link opens in a new window)

Categories
Finance, Technology
Tags
digital payments, e-commerce, emerging markets, financial services, fintech