article thumbnail

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.

America 182
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In Latin America, Ripple Makes Remittance Waves

PYMNTS

In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America. There are even parts of the Latin American market where it’s almost impossible to do an online international payment.”.

America 212
article thumbnail

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. “Together we will ensure that SMEs across Latin America have the fairest access to finance available.”

America 140
article thumbnail

ID Finance CEO: Latin America the place to be for fintech

Bobsguide

Regulatory support in Latin America is “an amazing sign” for firms aiming to ride the wave of a booming fintech space in markets like Mexico and Brazil, according to ID Finance CEO, Boris Batine, though new entrants need to be ready to tackle new risks. “China was exciting, but.

America 134
article thumbnail

SoftBank Launches New Tech Fund Focused On Latin America

PYMNTS

According to a report in Reuters , by launching another tech-focused fund, SoftBank is increasing its ambitions in the technology market beyond its massive Vision Technology Fund. The new fund plans to invest in technology companies across Latin America, going after the same industries and sectors that SoftBank already invests in.

America 140
article thumbnail

How VC Firm Magma Partners is Tapping Into the Untapped Chilean Fintech Market

Bank Innovation

EXCLUSIVE — With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at Magma Partners, saw huge potential in the Chilean fintech market. Additionally, […].

Fintech 287