More than two dozens neobanks are vying for digital customers in Mexico, Latin America's second-largest economy.
Brazilian neobank Nubank partnered with Wise to launch a global account. The online lender is targeting the highly affluent in Latin America.
Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.
Latam neobanks have weathered the capital crisis and reported a strong year of profitability while still growing their customer base.
Latin America's digital bank Nubank reported a record net income in Q4 as it continues to grow in Mexico, Colombia and Brazil.
The British neobank, serving over 40 million customers globally, has acquired a banking license in Mexico.
The number of fintechs operating in Mexico has grown consistently. Progress in financial inclusion, however, has been far less explosive.
Colombian fintechs have been very active in the VC space in 2024, with a number of startups raising over $150 million in funding so far.
Mercado Pago, the fintech arm of Latin America e-commerce giant Mercado Libre, reported a significant milestone in its fintech business.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.