#19 - Fusiones y adquisiciones de Fintech más importantes del 2021 Q2 🛒
#19 - Fusiones y adquisiciones de Fintech más importantes del 2021 Q2 🛒
Fintech M&A activity Q2 2021 💸
Fintech M&A activity in Latin America is poised for a comeback following a difficult 2020, during which the COVID-19 pandemic heavily impacted a region already burdened with political and social unrest and deep structural weaknesses.
SPAC phenomenon set to seep into LatAm's Fintech space. Following their massive comeback in 2020, special purpose acquisition companies have continued to boom this year, with several now looking to deploy raised capital in the Latin American fintech space.
Latest Acquisitions 🛍️
🇧🇷 #wealthtech - Blank Check: XP raises $200 million on its first SPAC. XP has just raised a $200 million SPAC (Special Purpose Acquisition Company). Called XPAC Acquisition Corp., with ticker “XPAXU”, started trading this Friday (30) on Nasdaq.
🇲🇽 #digitallending - The Mexico-based Fintech that decided to buy a bank. Credijusto’s co-founders wanted to avoid building a lender from scratch — their investors thought they were ‘mad’.
🇧🇷 #defi -Méliuz buys cryptocurrency digital bank. Méliuz has just purchased AlterBank, a digital bank that allows it to store cryptocurrencies such as bitcoin and ethereum.
🇲🇽 #wealthtech - Chile's assets manager Fintual acquires Mexico-based Invermerica fund. Fintual recently raised $15 million from Kaszek, capital that it will use primarily for its expansion in Mexico
Start Path Empodera 👩💻
New Financial Institutions 😮
Cashback in Fintech 🤑
What is "cashback", the new tool of Fintechs to win over users? The concept of cashback that was born in the last decade is associated with the opportunity to withdraw money from commercial stores, but with no discounts in locals…
🇧🇷 #neobanks - Neon launches cashback program for purchases made with the card. One of the most important Fintechs in Brazil, Neon, is launching its cashback program that will return up to 0.5% of the value of purchases over R$1 made with the institution's debit card.
🇧🇷 #paytech - Picpay advances on cashback and launches its own ‘Méliuz’. PicPay Store now offers a purchase modality that allows you to recover part of the value when purchasing a product.
Recaps
🇩🇴 - finTECH Market RD 2021: The power of collaboration: Banks & Fintechs in the Dominican Republic
