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Why This Wireless Company Is Exiting Africa and Doubling Down on Latin America
Millicom has telecom operations in Latin America and Africa, but its business today is mostly in Latin America. The company was founded in 1990 in partnership with European technology conglomerate Kinnevik Invest.
- Categories
- Technology
- Region
- Latin America
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Fintech in Brazil Vows to Prove Goldman, Morgan Stanley Wrong
“Given how much we’re growing, I think it’s heroic that we’ve been turning profits and are delivering the profitability levels we already do,” Menin said in an interview at Banco Inter’s Belo Horizonte headquarters. “I lose no sleep over the difference between our profitability and that of Brazil’s biggest banks.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
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The World’s First 3D-Printed Neighborhood Is Being Built in Mexico for Families Living on $3 a Day
New Story is a nonprofit that helps families in need of shelter. It has built more than 2,700 homes in South America and Mexico since it was founded in 2014. This is the first homebuilding project it's done with 3D printing.
- Categories
- Technology
- Region
- Latin America
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Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand Rises for Services for Unbanked
Albo offers online banking services to the country’s large unbanked population, and permits customers to open an account online within minutes and get a prepaid Mastercard tied to a phone app.
- Categories
- Finance
- Region
- Latin America
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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
"Traditional banks claim that credit in Brazil is expensive because of delinquency rates; but in reality, delinquency is high because the country has the highest interest rates in the world. It is a perverse and vicious cycle, and a difficult one to overturn. That’s why we are rebels: Our goal is to break up with this loop and start a new and virtuous cycle.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
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Goldman Makes Biggest Mexico Fintech Bet With MercadoLibre Loan
Goldman Sachs Group Inc. agreed to lend $125 million to Mercado Credito, the bank’s third loan to a Latin American fintech this year and the biggest ever in Mexico.
- Categories
- Finance
- Region
- Latin America
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Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round
Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital payments, fintech
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Viewpoint: Why Mexico’s Fintech Sector Will Be One to Watch in 2020
Mexico has become a regional leader with more than 273 fintech ventures operating in the country. Over the past year, many of Mexico’s fintechs have also attracted significant investment.
- Categories
- Finance
- Region
- Latin America
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