-
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.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
-
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.
- Categories
- Finance
- Region
- Latin America
-
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.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital payments, fintech
-
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.
- Categories
- Finance
- Region
- Latin America
-
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.
- Categories
- Energy
- Region
- Latin America
- Tags
- renewable energy, solar
-
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.
- Categories
- Technology
- Region
- Latin America
- Tags
- agtech, cybersecurity, edtech, fintech
-
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
- Tags
- impact investing
-
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
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.