The International Finance Corporation (IFC) is considering making an equity investment up to US$2.25m in Brazilian Fintech company Koin to fund the company’s expansion plans. (Economia & Negócios) A International…
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Chile’s Activa Alternative Assets has sold Chilean processing and software services company PayGroup to Evertec, a Puerto Rico-based transaction processing business in Latin America and the Caribbean. (LexLatin) Evertec Group,…
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Monterrey, Mexico-based bank BanRegio is investing in four funds looking at fintech deals: VARIV Capital, Jaguar Ventures, 500 Startups, and Endeavor Catalyst. (El Economista) BanRegio invertirá en cuatro fondos de…
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Six Argentinian private banks with the involvement of NXTP Labs have launched Arfintech, a fund investing in startups in the financial services sector, including blockchain technology. The banks have committed…
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IGNIA made an undisclosed investment in Afluenta, a peer to peer lending network in Argentina, Mexico and Peru, according to the attached release. The IFC and Elevar Equity led a…
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Vox Capital Partners and Fiinlab have completed a R$38.6m investment in Avante, a Brazilian microcredit startup, that specializing in providing financial solutions for microentrepreneurs. (Fusões & Aquisições) Os modelos de…
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ComparaGuru.com, a Mexico-based financial management platform for insurance and banking products, recieved US$7m in Series A funding. QED Investors led the round, and was joined by Peter Thiel, Struck Capital,…
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(Reuters)Consultores transferred its entire stake of 8.51% in Diviso Grupo Financiero to Maj Invest Financial Inclusion Fund II K/S. The Dutch PE firm Maj Invest has increased its stake from…
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(Valor Econômico) Brazilian online lending startup BankFacil has received a R$15m series A-II round from new investor Kaszek Ventures and previous backers Redpoint e.ventures and Quona Capital. BankFacil Receives R$15m…
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(Press Release) Bamboo Finance announced its Financial Inclusion Fund II’s first investment of US$6m in Movilred, the largest network of banks and transnational services provider in Colombia. Bamboo Finance Invests…
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