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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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Currencycloud Links Regional Banks To X-Border B2B Tech

PYMNTS

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.

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SoftBank Earmarks $1B For eCommerce, Healthcare And FinTech In LatAm

PYMNTS

SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. billion, Bloomberg reported on Friday (Feb.

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SoftBank Launches New Tech Fund Focused On Latin America

PYMNTS

SoftBank, the Japan-based technology company, is rolling out a $5 billion fund that will target Latin American technology companies. 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.

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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks.

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Santander InnoVentures Deepens Its Investment Expertise In North America

PYMNTS

According to a Fintech Finance report, Gottschalk will be based in San Francisco and will focus on strengthening the fund via investment opportunities in the region. portfolio companies a stronger entrance into North America. It also gives the fund’s non-U.S. Prior to Blumberg, Gottschalk worked at Menlo Ventures.

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Bank Of America Automates FX Conversion For Smaller FIs

PYMNTS

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. 22), BofA Merrill said the solution also integrates data analytics and machine learning technologies to accelerate the process.

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