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Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. Authenticiti.

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Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141
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Greensill Buys Omni, Eyeing More Latin America Work

PYMNTS

Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). trillion market for working capital finance.

America 140
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

America 248
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Latin America Is Suddenly Fintech’s Hottest Market. Here Are The 3 Reasons Why

CB Insights

In 6 years, Latin America (LatAm) fintech funding has grown from less than $50M to top $2.1B Social, political, and environmental pressures have made the LatAm market highly volatile. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Through this tumultuous period, however, fintech has proven resilient. First name.

America 96
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GE Capital Exits Trade Finance With MUFG Acquisition

PYMNTS

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

Capital 150
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Morgan Stanley Goes After Brazilian FinTech Market

PYMNTS

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

Fintech 116