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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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Nubank buys US-company, launches products, and… raises Series G?
Contxto – Nubank is the world’s biggest challenger bank in the world. So, perhaps we shouldn’t be surprised that the company is doing big things all over the place. However, I don’t believe in coincidences, so let’s have a look at what Nu’s been doing over the past week. A first international M&A for Nubank […]
Argentine banks unite to give Mercado Pago and fintechs a run for their money
Contxto – It’s no secret that marketplace giant Mercado Libre has been busy scaling its logistics operations and partaking in a large share of Latin America’s e-commerce. In the process, its fintech arm, Mercado Pago, has also been growing. Thus, multiple traditional banks have noticed and are taking cards in the matter. They’ve recently come […]
The risk of open banking self-regulation in Brazil
Contxto – When it comes to open banking regulations, the Central Bank of Brazil wasn’t severe when it came to certain technical aspects. In fact, it left it at banks’ discretion to determine how they create their software. This is often referred to as “self-regulation” within open banking. However, it’s also become a concern for […]
The Ultimate Guide to Venture Capital in Brazil 2020
Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]
Rockstart accelerator will offer something other programs don’t—a credit card for startups
Contxto – There have been quite a few examples of startups dishing out credit cards for individual consumers. Although this time around it’s a different ecosystem player that’s helping founders foot the bill without using their own pocket money. Rockstart, an accelerator with offices in Colombia, will release a credit card for startups. The minds […]
WhatsApp payments in Brazil may not be as disruptive as you think
Contxto – Just over a week ago, news broke that users in Brazil would be able to complete payments via WhatsApp. Of course, the true mastermind behind this arrangement was Facebook, the owner of the messaging app. But now that the initial excitement has died down, it’s easier to see that not everything that glitters is […]
Fintech B89 is calling out on banks’ BS in Peru
Contxto – Fintech? Yes. Bank? Hell no. That’s essentially the speech newcomer B89 in Peru is presenting. And its first endeavor will be the pre-launch of a credit card next August. Meanwhile, it hopes to make the official release in January of next year. As part of its up-and-coming product, B89 intends to include promotions […]
Pipo Saúde raises US$4.6 million through Kaszek Ventures and Monashees
Contxto – Startups in the insurance sector continue to take the spotlight. Last week, Kaszek Ventures and Monashees co-led a seed investment for US$4.6 million in insurtech Pipo Saúde. Other participants included ONEVC and angel investors including Nubank CEO, David Vélez. Thanks to the investment, Pipo Saúde will expand throughout its native Brazil. Hopefully through […]
Kaszek Ventures leads US$10M Series A in proptech La Haus
Contxto – Investment in the house! Okay super lame, sorry. But it’s true. Today Colombian proptech La Haus announced it raised its Series A for US$10 million in a round led by Kaszek Ventures. Other participating venture capital (VC) funds include NFX, Acrew Capital, IMO Ventures, and Beresford Ventures. There were a few angel investors […]
Facebook’s WhatsApp debuts payment service in Brazil
Contxto – Social media behemoth Facebook is debuting a highly-anticipated feature in Brazil. Through its Facebook Pay service and Cielo—a payments processor—users in this Latin American country can now complete payment transactions via WhatsApp. The company’s CEO, Mark Zuckerberg, made the announcement today on his Facebook page: “The Zucc’s” vague wording can only leave us […]