A private equity bet in Latin America proves the strength of fintech investments there
Thursday, January 24, 2019
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.