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Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. Private technology companies in Latin America have raised over $5.8B in funding since 2012. at the time.

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FinTech Plaid Teams With Banking Platform Jack Henry

PYMNTS

Our partnership with Jack Henry helps us bring Plaid Exchange to hundreds of regional and community banks, and helps ensure millions of people can access digital finance apps and services no matter where they choose to bank, invest and manage their money,” Karvounis added.

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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Uber coughed up over $3 billion to get its hands on Dubai’s ride-hailing startup Careem, the Financial Times reported on Wednesday (Oct. Uber paid $3.1 billion to take ownership.

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Trulioo Global ID Service Now Available In Nigeria, Ghana

PYMNTS

Also, many FIs in those countries have been using more Know Your Customer (KYC) technologies, as well as digital addressing systems to assist with mail delivery. In 2017, Ghana introduced GhanaPost GPS and Nigeria partnered with What3Words.

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SoftBank Invests $20M In Mexican FinTech Clip

PYMNTS

Businesses all across Mexico have adapted the technology as a simple and low-cost way to accept payment, according to Reuters. Some companies in the region think SoftBank’s tech fund will help with growth in the region. The company’s total funding amount so far is about $160 million.

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Uber Launches Uber Works To Connect Workers To Gig Jobs

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Questions are being circulated about its strength to stay competitive. In other Uber news , the company just purchased Dubai’s ride-hailing startup Careem for $3 billion. Uber paid $3.1

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Banking-As-A-Service Takes On The Underbanked SMB

PYMNTS

At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Regional Banks, Credit Unions Compete. The bad news, however, is that it still means 8.4 million households were underbanked in 2017. Modernization For Customers, Too.