#16 - Radar de Unicornios Fintech en Latam 🦄
LatAm is seeing a Fintech boom, launching unicorns in the financial services industry and attracting record amounts of VC and PE funds.
Hey Fintech lovers 👋, welcome to this blueprint, where we take the week's biggest issues and try to get under the skin of what's happening in Fintech in the region. If you're reading this and haven't signed up, join the 2,480 others by clicking here, and to the regular readers, thank you. 🙏
Latin America’s Fintech industry is booming, and U.S. venture capital firms are not only taking notice, but are backing that growth with some significant investments. Read this analysis by Christine Hall about how Fintech success in Latin America opens doors for US venture funds.
New Mexican companies in the club
Clip, Mexico's leading digital payments and commerce platform, announced it has received a U.S. $250 million capital investment led by the SoftBank Latin America Fund and Viking Global Investors LP. The investment is the largest ever for a payments company in Mexico and establishes Clip as the first payments Unicorn in the 12th largest economy in the world, with a valuation approaching U.S. $2 billion.
Latest Funding in Brazil
Brazil-based fintech unicorn EBANX announced a new mega-round of $430 million from Advent, one of the largest global private equity investors. Of this total, $400 million will be invested now – which includes making acquisitions across Latam – and $30 million are committed to the future IPO of the fintech.
Brazil's Creditas invests $18 mln in electric motorcycle maker Voltz. Brazilian lending platform Creditas has invested 95 million reais ($17.85 million) in local electric motorcycle startup Voltz, the two companies said, making it a significant minority shareholder in the company.
Business Moves
🇺🇾 DLocal deal opens door for global sellers on Amazon.com Brazil marketplace. Uruguayan payment startup dLocal said that it had struck a partnership with Amazon.com that clears the way for international vendors to sell products on Amazon’s Brazil online marketplace for the first time.
🇧🇷 C6 alcança cobertura 100% nacional, com contas abertas em todos os municípios do Brasil. Em Serra da Saudade (MG), menor município do país, com 776 habitantes, 11 têm conta no C6 Bank.
🇧🇷 Banco Neon libera cashback para compras com o cartão de débito. O sistema é ativado quando o cliente usa a ferramenta em compras acima de R$ 1. A taxa de retorno é de 0,5%.
🇦🇷 Ualá tuvo un hermanito: Ualá Bis, la solución BtoC y CtoC para cobros con comisiones "más bajas". A través del lanzamiento de la marca Ualá Bis, la fintech anunció que su solución de cobros con link de pago y mPOS está disponible para que cualquier persona que se descargue la app pueda comenzar a cobrar de forma segura, con comisiones más bajas y recibir el dinero inmediatamente en su cuenta.
