As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
Brazilian neobank Nubank reached 90 million customers in Latin America and reported a surge in profits in Q3.
Fintechs in Latin America market high-yield saving accounts to win customers off from traditional financial institutions.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
As the crypto wave continues to sweep Latin America, both banks and fintechs are crafting an expanding crypto offering in Brazil.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
Warren Buffett-backed Nubank reported a 44% increase in profits in the second quarter, as it expands its customer base in Latin America.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.