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Press Release: OPIC Signs Agreement With Banco Regional to Support Women-Owned, Small and Medium Businesses in Paraguay
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today recognized a $138 million commitment to Banco Regional to support Small and Medium Enterprises (SMEs), especially women-owned SMEs, in Paraguay. Citibank will provide an additional $11.5 million to Banco Regional to support SMEs.
- Categories
- Entrepreneurship, Investing
- Region
- Latin America
- Tags
- development finance, entrepreneurship, OPIC, SMEs, Women
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Fintech Can Cut Costs of Remittances to Latin America
Our chart of the week shows Latin America’s share of remittances transmitted with mobile money along with its overall share of remittances on a global scale. As the chart shows, Latin America’s use of mobile money both to send and receive remittances is relatively low—despite the region’s high share in total world remittances, which was about $80.5 billion in 2017.
- Categories
- Finance
- Region
- Latin America
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Japan’s SoftBank Taps Into Mexican Fintech Startup Clip: Sources
Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.
- Categories
- Finance, Technology
- Region
- Latin America
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Initiative for Inclusive Investment in Mexico (3im) Announced to Grow Investment in Mexico Through the Inclusion of Displaced People
The Mexican Secretariat of Foreign Affairs (SRE) will accompany a group of cross-sector partners including the Refugee Investment Network and 17 Asset Management today to announce the Initiative for Inclusive Investment in Mexico (3IM). 3IM is a new cross-sector, cross-border partnership that will attract long-term strategic growth capital for investments in Mexico through the inclusion of displaced people in economic development projects.
- Categories
- Investing
- Region
- Latin America
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Press Release: Deetken Impact Partners with Sustainable Energy Central America to Manage Renewable Energy Funds
Deetken Impact and Sustainable Energy Central America (SECA) have partnered to manage two renewable energy funds. These funds invest in renewable energy and energy efficiency projects in Central America and the Caribbean, and are designed to fill the financing gap for small and medium-sized enterprises.
- Region
- Latin America
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First Skirmishes in Brazilian Fintech War
According to a recent report by McKinsey & Company, there are now around 400 fintechs operating in Brazil which are growing at a compound annual growth rate of 96%.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- emerging markets, fintech
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On South America’s largest solar farm, Chinese power radiates
The project, known as Cauchari, is a testament to the rising clout of Beijing as a backer of big projects in cash-strapped emerging markets. And it is helping China cement its standing as the world’s leader in clean-energy technology.
- Categories
- Energy
- Region
- Latin America
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Why Fintech Startups Are Rapidly Becoming Unicorns in Latin America
In the past few years, over 300 fintech startups have been born in Mexico alone, coming in just second to Brazil, which boasts nearly 400 startups in its own fintech sector.
- Categories
- Finance, Technology
- Region
- Latin America
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