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Brazil’s Nubank is now worth $4 billion after Tencent’s $180 million investment
Through the investment, Tencent will gain an understanding of how Nubank has managed to service 5 million credit card holders, and the game plan the company is deploying to develop its own savings accounts and other banking services.
- Categories
- Finance
- Region
- Latin America
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IDB Invest and OPIC launch first gender lens investment fund for Latin America and the Caribbean
“With Fund Mujer, we are not only investing in women-owned and led enterprises. We are also investing in enterprises that provide quality employment and access to products and services that address critical barriers so that we may enhance women’s economic participation and success. With Fund Mujer we are moving beyond merely counting women; we are also valuing women,” added OPIC Managing Director for Global Women’s Issues Kathryn Kaufman.
- Categories
- Investing
- Region
- Latin America
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Press release: Airfox Partners with Brazilian Retail Giant on Mobile Blockchain Financial Services
Airfox offers a mobile digital wallet that is already accessible in the Brazilian market nationwide and will eventually also be available in other emerging markets. This new collaboration allows Airfox to extend its mobile digital wallet to Via Varejo's national customer base and drive mainstream adoption.
- Categories
- Finance
- Region
- Latin America
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Press release: Xoom Partners with OXXO to Add More Than 17,000 New Cash Pickup Locations in Mexico
“We’re thrilled to be the first online-only remittance provider to partner with OXXO,” said Julian King, Xoom’s Vice President and General Manager. “With this partnership, Xoom is furthering its mission to empower customers with the technology to send international money transfers quickly and securely so they can enjoy peace of mind knowing their loved ones have fast and convenient access to their funds.”
- Source
- Press release
- Categories
- Finance
- Region
- Latin America
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Interest in Cryptocurrencies on the Rise in Latin America
In hyperinflation-crippled Venezuela, privacy-focused cryptocurrency Dash is rising in popularity among locals with some 200 merchants and thousands of wallet downloads per month.
- Categories
- Finance, Technology
- Region
- Latin America
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Whatever Happened To … The Car Mechanic Who Invented A Device To Pop Out A Baby?
In 2013, NPR reported on an improbable inventor: Jorge Odon, a middle-aged car mechanic who — inspired by watching a stupid party trick — designed a medical device that could revolutionize childbirth. Here's how we described it: "The Odon Device ... guides a folded plastic sleeve around the baby's head. A little bit of air is then pumped between the two plastic layers, cushioning the baby's head and allowing it to be sucked out."
- Categories
- Health Care
- Region
- Latin America
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Mexico’s new government wants fintech, banks to help financial inclusion
Arturo Herrera, one of two future deputy finance ministers, said in an interview that the lack of financial inclusion was one of the biggest obstacles in the new government’s fight against poverty, inequality and slow economic growth.
- Categories
- Finance
- Region
- Latin America
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Colombia’s New President Ivan Duque And Financial Inclusion
With 54 percent of the vote's worth of support under his belt against Gustavo Petro, Duque promised to transform the country's economic model and tackle inequality, as reported in Reuters.
- Region
- Latin America
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