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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, […]
Visa Everywhere Initative announces 10 startup finalists
Contxto – The Covid-19 pandemic and social-distancing measures have left a big dent on small and medium-sized businesses. To help them recover, this year’s Visa Everywhere Initiative competition, alongside Finnovista, focused on startups from Latin America helping these businesses bounce back. And this year it received over 300 applications, which was then shaved down to […]
Latin America’s fintech scene is just getting started, says KoreFusion report
Contxto – Last Wednesday (26) KoreFusion, a San-Fran-based consulting firm specializing in all-things financials and payments published its 2020 Latam Fintech Report. And while I’ve been one to think the region’s fintech landscape has been changing quickly, according to KoreFusion’s findings, it’s just the beginning, boys and girls. The report covers some of Latin America’s […]
11 startups from Argentina to watch in 2020
Contxto – “Hay que pasar el invierno”. Argentina’s politics and the economy are marked by past decisions that make its current situation even more challenging to overcome. This is also the case for startups in Argentina in an already rough 2020. One could trace the string of poor decisions to the “Standard Model —Modelo estandar […]
Could technology create a more sustainable and inclusive society?
Today’s Soapbox opinion was written by Bryan Bejarano, a consultant in communication, social impact, and creativity. Contxto – The Covid-19 pandemic has accelerated the digital transformation and the adoption of new technologies by companies and individuals. The limits between the digital and the physical realm are increasingly blurred and, often, we are not aware of […]
Mercado Pago launches POS terminal, Point Plus for SMEs
Contxto – It was only a matter of time before Latin America’s biggest e-commerce marketplace updated its POS credit card machine. Last Tuesday (14), Mercado Libre’s fintech arm, Mercado Pago, presented “Point Plus” a payment terminal for businesses. This device has all the features you’d find on a typical terminal: Receipt printing and a reader […]
Fintech Finnu gets US$800K investment to give loans for phones (without taking them away from their owners)
Contxto – Fintech Finnu has scored a pre-seed financing round worth US$800,000. The investment will now launch their creative solution to the perennial problem of the lack of personal credit in the Mexican and Latin American markets. The investment was led by Speedinvest (Austria), Kima Ventures (France), Seedrocket4founders Capital (Spain), and ArkFund, as well as […]
Google for Startups Accelerator Latam announces summer 2020 batch
Contxto – Google for Startups has reviewed the candidates and Google for Startups has spoken! Last Tuesday (23), it announced the startups from Latam that will participate in its three-month accelerator. A total of 12 enterprises from Colombia, Mexico, and Argentina will begin the program next Monday (29). What’s new: It’s the first time the […]
Sempli wraps up Series A worth US$8 million to strengthen Colombian SMEs
Contxto – Financial assistance for Colombian SMEs to the rescue; online lending platform Sempli recently closed a Series A round worth US$8 million led by Oikocredit and Incofin CVSO. For Sébastien Rigaud from Oikocredit, the manner in which Sempli has promoted financial inclusion is worthy of recognition. “We are impressed by Sempli’s growth and excellent […]
Mexico’s premier mortgage lender, Smart Lending, scores funding from DILA Capital
Contxto – Smart Lending is Mexico’s premier mortgage lender using financial technology to its competitive advantage. DILA Capital recently invested an undisclosed amount into the startup, the first to offer 100 percent online mortgages in the nation. Jaguar Ventures and other angel investors joined Mexico’s leading entrepreneurial capital fund for early-stage startups. In Summary Founded […]