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A private equity bet in Latin America proves the strength of fintech investments there
Across Latin America, fintech startups have hit billion-dollar valuations and raised hundreds of millions as investors vie for a piece of the region’s growing e-commerce and financial services markets.
- Categories
- Finance, Technology
- Region
- Latin America
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Press release: IDB Invest provides loan to Mundo Mujer, the largest private microfinance bank in Colombia
The financing allows Banco Mundo Mujer to increase its loan portfolio to support communities with easy and quick access to working capital, strengthening its businesses and productive units.
- Categories
- Finance
- Region
- Latin America
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Mexico launches major initiative to boost financial sector
"The main objectives of these actions are to increase the coverage of the financial sector and promote liquidity in the stock market, introduce a more efficient payment system for the population, and overall, facilitate and promote savings mobilization, channeling them into productive investments," read a press release from the finance ministry.
- Categories
- Finance
- Region
- Latin America
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Viewpoint: Secure the Caribbean — with a modest addition to the BUILD Act
The BUILD Act’s passage was rightly cheered, with one analysis calling it “the most important piece of U.S. soft power legislation in more than a decade.” The BUILD Act, however, inadvertently leaves the Caribbean out in the cold. This situation, likely unintentional, can be easily remedied with a better understanding of the problem.
- Region
- Latin America
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Brazilian Fintech Nubank Launches Debit Card To Reach 120M Clients
Brazilian fintech Nubank has launched a debit function for its card offering as well as the ability to withdraw cash from ATMs, in a move that aims to extend its reach to as many as 120 million customers.
- Categories
- Finance
- Region
- Latin America
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First GSMA Mobile Money Certification Achieved in Latin America
"We are honoured to receive this certification, after 10 years working to promote financial inclusion, transforming lives and deploying digital highways for millions of Paraguayans, who already are beginning to enjoy the new digital economy,” said Ramiro Pascual, CEO of Tigo Paraguay.
- Categories
- Finance
- Region
- Latin America
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Press release: Citi and Banco Guayaquil Sign $20 Million Loan Agreement Benefiting Microfinance in Ecuador
With over 520,000 previously-unbanked clients that now have “Amiga Accounts” and a $70m loan book to finance microenterprises, Banco Guayaquil’s “Banco del Barrio” is one of the pioneering and most comprehensive inclusive finance programs in Latin America, significantly expanding access to financial services in Ecuador by leveraging a network of more than 4,400 non-bank customer touchpoints across the country.
- Categories
- Finance
- Region
- Latin America
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Press release: Fintech activity in Latin America spreads to 18 countries
The report provides data which, while illustrating the challenges that the industry faces, also reflects an inevitable transformation of the financial sector and the role that entrepreneurs play in accelerating innovation and changing the way in which people have interacted until now with financial services.
- Categories
- Finance
- Region
- Latin America
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