Sinai Ventures, Mexamerica Ventures and others made a US$1.46m investment in Flint, a Mexican mobile wallet app that was accelerated at Y Combinator in 2018.
Vostok Emerging Finance led a US$25m Series C investment in Konfio, a Mexican lending platform for small businesses, with participation from existing investors KaszeK Ventures, Quona Capital, QED Investors and the IFC, among others. The IFC led Konfio’s US$10m Series B in 2017.
Mexican private equity firm Discovery Americas has reached an agreement to invest MX$662m (US$32.5m) in Arrenda+, a non-bank lending and leasing institution specialized in SMEs looking for alternative sources of funding. The deal is still pending regulatory approval from the Mexican Anti-Trust Commission (COFECE).
Dalus Capital and the IFC made a US$10m investment in Mexican fintech eFactor Network and financial intermediary eFactor Diez. (Press Release) eFactor Network (efactornetwork.com), which operates the most important electronic factoring…
LEAP Global Partners led a US$8.5m Series A investment in Listo, a consumer financial services startup offering insurance products and loans to US-based Latinos, with participation from Mexico Ventures and Continental Advisors.
Oikocredit, MicroVest Capital Management and Triodos Investment Management jointly sold their equity stakes in Banco Solidario, providing a full exit for the social impact investors. Banco Solidario was founded in Ecuador in 1996 and provides loans to SMEs among other financial products and services.
NXTP Labs announces new investments in Graphpath, Chazki, Uniko, Facenote, Pay per TIC, Finciero and Simple Móviles.
Banrisul, the largest bank in Southern Brazil, is launching Fundo Fintech Ventures, a R$50m fund investing in Brazilian fintechs. Banrisul will contribute R$25m, with partner Gama Investimentos and private investors contributing the remaining R$25m.
Visa led a US$12.5m strategic investment in Latin American fintech pioneer YellowPepper, with participation from existing investors. LIV Capital led a US$19m Series C investment in 2015 with participation from Mexico Ventures, Fondo de Fondos and the IFC.
ALLVP has made an undisclosed investement in Chilean crowdlending platform Clumpo. The fintech startup will use the capital to expand to Mexio.