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CERC is the first financial market infrastructure specialized in credit.
Our ambition is to increase the security and efficiency in the use of receivables in credit operations carried out by financiers, making possible an accelerated and sustainable growth in the offer of credit to companies of all sizes.
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Fintechs face tough layoff decisions, but not all are honest about it…
Contxto – Not even fintechs are immune to coronavirus (Covid-19). In recent weeks, three startups, Créditas, Neon, and C6 Bank from Brazil, as well as Kueski from Mexico announced layoffs. Interestingly, many of these startups claimed it was unrelated to Covid-19. But there are grounds to think otherwise… “It wasn’t Covid-19, I swear,” say fintechs […]
Loggi, a SoftBank portfolio startup, lays off 120 employees
Contxto – Unicorn Loggi just isn’t catching a break these days. The last-mile delivery startup lost a lawsuit last December for which it’s facing US$7.2 million in fines. Now, more recently, it’s had to fire around 120 employees due to company restructuring, half of which are in São Paulo primarily in its marketing and sales […]
Clip and Visa partner up to accelerate electronic payments in Mexico
Contxto – Last week, credit card colossus Visa announced a “strategic” agreement with Mexican payment solution, Clip. (Although what “strategic” means in this case has been left fuzzy for now.) The partnership aims to accelerate micro, small, and medium-sized enterprises’ (MSMEs) acceptance of electronic payments. Visa will help push Clip’s point of sale (POS) terminal […]
7 fintechs from Montevideo enhancing finances in Uruguay
Contxto – Uruguay often gains a lot of praise for its stable economy and progressive government. While it doesn’t make headlines as often as its Latin American peers, the small country famous for soccer and beef exports also has an impressive fintech scene in the capital city of Montevideo. With initiatives such as the Montevideo […]
Cornershop expands to Canada and Peru, advances with recruitment
Contxto – Some may consider Cornershop to be a phoenix rising from the ashes. First, let’s backtrack. This past June, Mexican authorities rejected Walmart from acquiring the Chilean-Mexican grocery delivery venture for US$225 million. Nobody was sure if or how the startup would pivot. Despite the uncertainty, the delivery app appears to be on a […]
Brazilian fintech platform, Conta Azul, announces 25 job vacancies
Contxto – Conta Azul (meaning “Blue Account” in Portuguese) is a Brazilian fintech startup connecting small businesses with financial services over its online management platform. Recently, the company announced 25 job vacancies in the states of Santa Catarina, São Paulo, and Porto Alegre. In Summary New positions are available in technology, sales, customer service, finances, […]
Fintech reduces remittance costs for Latin Americans
Conxto – Regional migration is high among Latin Americans and Caribbean people with around 28.5 million living outside of their native countries. With so many folks residing abroad, sending remittances back home is a standard practice among this dispersed community. The reality of the situation, though, is that it’s often a convoluted or expensive process. […]