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Nubank issues, administrates, processes, and transfers payments related to post-paid credit cards and equity investment in other entities. It serves clients in Brazil.
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Watch out Nubank? Ank marks Itaú’s foray into fintech
Contxto – Itaú, Brazil’s second-largest bank, has ventured into the world of fintech with its launch of an app called Ank. The goal of the app is simple: trying to help consumers keep track of their various bank accounts in one central location. The idea is that Ank is a consumer’s first port of call […]
Fintech was about going digital, why are challenger banks addicted to plastic cards?
Contxto – Some might think that the story of fintech in Latin America is that of an underdog: A rebellious bunch of disruptors playing by their own rules and trying to conquer a game as old as time. However, the most recent strategy adopted by challenger banks doesn’t portray them as dissidents – in fact, […]
Advent raises US$2 billion for seventh private equity fund for Latin America
Contxto – Last Tuesday (29) private equity firm Advent International announced it raised US$2 billion for its fund for Latin America. A familiar name in the region, Advent has been investing in companies from the region since 1996. Correspondingly, this is the seventh fund Advent raises for the region. “We continue to see compelling investment […]
Nubank is laying the groundwork to conquer (hearts) in Colombia
Contxto – Entrepreneurs David Vélez, Cristina Junqueira, and Edward Wible launched fintech Nubank in Brazil in 2013. But it’s only reasonable for Vélez to hope to eventually bring the company he helped create to his native Colombia. And evidence recently surfaced suggesting that it’s been quietly building towards that goal. According to local media site, […]
The Complete List of Latin American Unicorns [Updated 2020]
Contxto – With Latin America growing as an important axis for the entrepreneurship ecosystem, hardly a day goes by without a breaking news story about a regional startup funding round. And even more frequently, new unicorns in Latam. At Contxto, we’re always trying to showcase what’s going well in Latin America. With the same purpose, […]
LinkedIn’s 2020 top 10 startups to work for in Brazil
Contxto – We already talked about the hottest startups among LinkedIn users in Mexico this week. Now, it’s Brazil’s turn. Remember that, when it comes to its top startup rankings, the social network for professionals factors in variables like employee growth, jobseeker interest rates, as well as engagement levels between startups and their employees. And […]
FreshBooks acquires invoicing platform Facturama to grow in Mexico
Contxto – Toronto-based FreshBooks wants to consolidate its presence in one of Latin America’s biggest markets. Through its acquisition of Facturama, the accounting software company hopes to connect with small and medium-sized enterprises (SMEs) in Mexico. The deal was announced on Tuesday (23) and the Facturama team—including its co-founders—will now work under the FreshBooks name. […]
Brokerage platform Ideal raises US$18.4 million with Kaszek Ventures
Contxto – Brazil continues to be a hotbed of investments in investment startups. Today (21), Ideal, a brokerage platform announced it closed R$100 million (~US$18.4 million) in a Series A led by Kaszek Ventures. It will use the funds to scale and connect its products with retailers. Ideal tailwinds Ideal isn’t a platform for individuals […]
Nubank acquires Easynvest to launch into investment market
Contxto – Freshly funded with an alleged US$300 million, Brazilian Nubank is reaching into new fintech verticals. Today (11), the unicorn announced its acquisition of São Paulo-based Easynvest, a brokerage platform with 1.5 million customers and a reported R$20 billion (~US$ 3.8 billion) in assets under management. The deal consisted in a part cash, part shares […]
Covid endangers our ecosystem’s lifeblood: Latam’s middle class
Welcome to our new The Exclusive deep dive content about our Latin American ecosystem. We’re giving our registered newsletter users a sneak-peek of these soon-to-be paid for articles. Contxto – Here at Contxto we often focus on the supply side: What are startups, investors, and Founders doing to keep operations afloat? It is time now, […]