Fintech

Omidyar Network spun off its financial inclusion investment arm as Flourish Ventures. The new firm launches with US$300m in capital for investments (equity and grant) and operations, and will maintain…

IGNIA invested US$1.5m in Fondeadora, a Mexican open banking platform. (Press Release) Mexico City, March 5, 2019: Fondeadora, the open banking platform that allows its users to manage their money…

Fen Ventures led a US$3m Series A in Destacame.cl, a Chilean financial inclusion platform, with participation from previous investors Accion Venture Lab and Mountain Nazca Chile. (Press Release) Santiago, Chile,…

BR Startups, managed by MSW Capital, made a R$1.5m investment in US-based personal finance app Olivia. XP Investimentos also made an undisclosed investment in Olivia in 2019. (Press Release) São…

Adianta, a Brazilian receivables fintech for small businesses, raised US$8m from DGF Investimentos, 42K Investimentos, Chromo Investimentos, Capital Lab and previous investors Yellow Ventures and OsherTech, among others. (Baguete) A…

monashees, Mindset Ventures and Banco Votorantim made a US$6m investment in WEEL, a Brazilian cash flow management platform. Formerly WorkCapital, WEEL was founded in 2014 and received US$8.5m in 2017 from monashees, Mindset…

Ideas y Capital portfolio company Phunware, a Mexican mobile cloud solutions platform, listed on the NASDAQ (ticker: PHUN). (Press Release) El pasado 27 de diciembre, la compañía Phunware que forma…

CVC Krealo, Credicorp’s open innovation arm, made an undisclosed investment in Peruvian payment processor Culqi. This is Krealo’s first startup investment. (LatAm List) Credicorp’s venture capital arm, Krealo, recently invested…

Distrito Ventures made an undisclosed investment in Ali Credito, a Brazilian consumer credit platform. (Distrito Ventures) Distrito Ventures made an undisclosed investment in Brazilian fintech Ali Credito – a master servicing platform for…

Elevar Equity led a US$5.25m investment in Uruguayan digital banking platform Bankingly, with participation from The Rise Fund and Endeavor Catalyst.