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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. Remessa Online. Authenticiti.

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Citi Debuts Mobile App For Companies Seeking Capital

PYMNTS

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. Citi Supplier Finance programs are working with over 18,000 suppliers in Latin America and several hundred corporate clients, Finextra reported.

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

PYMNTS

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. percent year over year. “In

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. It also found that just 16 percent of U.S. About The Tracker.

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PayCargo Extends Credit To Help Supply Chain Clients Amid COVID-19

PYMNTS

PayCargo Capital (PCC) is offering short term loans and credit lines to help its supply chain customers keep the cash flow going as the coronavirus pandemic continues to disrupt business as usual. . Transportation and cargo companies that do business with PayCargo in North America can apply for $25,000 to $2.5

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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Companies like Fount and Liqid are digital asset managers with robo-advising capabilities. Consumer deposits & savings.

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Chinese eSports Provider VSPN Raises $60 Million To Expand Overseas

PYMNTS

Investors in the latest financing included Prospect Avenue Capital, Guiotai Junan International, and Nan Fung Group. Lighthouse Capital served as the exclusive financial adviser. That round was led by Tencent Holdings and joined by Tiantu Capital, Susquehanna International Group (SIG) and Kuaishou.

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