-
Press Release: Mexico Digital Bank Stori Raises $10 Million USD and Launches Inclusive Digital Credit Card
Highly concentrated in the super-prime space, the banking industry has underserved the Mexico mass population. Only about 40% of the nearly 130 million population have bank accounts, and less than 15% of consumers have access to bank provided lending. In addition, most banks have not caught up with the digital transformation and are not able to provide a compellingly simple and good customer experience.
- Categories
- Finance
- Region
- Latin America
-
Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet
Founded in 2012, EBANX originally processed payments for Brazilian clients of global websites and recently expanded to offer services to Brazilian eCommerce platforms.
- Categories
- Finance
- Region
- Latin America
-
CoDi in Mexico: No News is Good News
Fraud rates are among the highest in the world and the lack of political stability creates a unique problem for financial inclusion.
- Categories
- Finance
- Region
- Latin America
-
Pro Mujer Names Marisol Fernandez Global Financial Services Director
Pro Mujer, a leading social enterprise and pioneer in women’s empowerment in Latin America, announced today the appointment of Marisol Fernandez as Global Financial Services Director. Fernandez assumes this role after having served at Pro Mujer as Global Director of Corporate Business Development, where she oversaw the acquisition of a major financial services company in Argentina and two joint ventures in health and gender smart investing.
- Categories
- Finance
- Region
- Latin America
-
Why This Wireless Company Is Exiting Africa and Doubling Down on Latin America
Millicom has telecom operations in Latin America and Africa, but its business today is mostly in Latin America. The company was founded in 1990 in partnership with European technology conglomerate Kinnevik Invest.
- Categories
- Technology
- Region
- Latin America
-
Fintech in Brazil Vows to Prove Goldman, Morgan Stanley Wrong
“Given how much we’re growing, I think it’s heroic that we’ve been turning profits and are delivering the profitability levels we already do,” Menin said in an interview at Banco Inter’s Belo Horizonte headquarters. “I lose no sleep over the difference between our profitability and that of Brazil’s biggest banks.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
-
The World’s First 3D-Printed Neighborhood Is Being Built in Mexico for Families Living on $3 a Day
New Story is a nonprofit that helps families in need of shelter. It has built more than 2,700 homes in South America and Mexico since it was founded in 2014. This is the first homebuilding project it's done with 3D printing.
- Categories
- Technology
- Region
- Latin America
- Tags
- housing, nonprofits
-
Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand Rises for Services for Unbanked
Albo offers online banking services to the country’s large unbanked population, and permits customers to open an account online within minutes and get a prepaid Mastercard tied to a phone app.
- Categories
- Finance
- Region
- Latin America
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.