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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
"Traditional banks claim that credit in Brazil is expensive because of delinquency rates; but in reality, delinquency is high because the country has the highest interest rates in the world. It is a perverse and vicious cycle, and a difficult one to overturn. That’s why we are rebels: Our goal is to break up with this loop and start a new and virtuous cycle.”
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- Finance
- Region
- Latin America
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Goldman Makes Biggest Mexico Fintech Bet With MercadoLibre Loan
Goldman Sachs Group Inc. agreed to lend $125 million to Mercado Credito, the bank’s third loan to a Latin American fintech this year and the biggest ever in Mexico.
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- Finance
- Region
- Latin America
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Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round
Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction.
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- Finance
- Region
- Latin America
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Viewpoint: Why Mexico’s Fintech Sector Will Be One to Watch in 2020
Mexico has become a regional leader with more than 273 fintech ventures operating in the country. Over the past year, many of Mexico’s fintechs have also attracted significant investment.
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- Finance
- Region
- Latin America
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Latin America and Caribbean on the Brink of Massive Solar Power Growth
Latin America and the Caribbean could grow their installed solar capacity by a factor of 40 by 2050, a new report by the International Renewable Energy Agency (IRENA) shows. Annual investmens exceeding seven billion would see the region's solar PV capacity rise from 7 gigawatts (GW) today, to more than 280 GW by mid-century. While solar energy remains the highest in Asia, North America and Europe, market growth is set to shift to other regions in the world.
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- Energy
- Region
- Latin America
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MIT: 20 startups using tech to build a more inclusive economy
A “social reputation” algorithm, a crowdsourcing platform for homeless job seekers, a digital credit line for bodega owners, an identity-blind hiring platform. The ideas and inventions of the 2019 MIT Inclusive Innovation Challenge finalists are as wide-ranging as the international competition’s boundaries.
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- Technology
- Region
- Latin America
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Future Returns: Impact Investing in Latin America
Latin America, a region of over 630 million people, has emerged as a space for impact investors to seek market-rate returns.
- Categories
- Investing
- Region
- Latin America
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Nubank Fintech Grows Client Base By 25 Percent Since August
The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. 11).
- Categories
- Finance
- Region
- Latin America
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