Hola amig@s fintech,

We are just a few days away from Finnosummit 2025 and our events in Mexico City. Don’t forget to RSVP to the Sunset happy hour (Sep 24), and the exclusive breakfast (Sep 25). 

In October, don’t miss the comeback of RiskCon Mexico City (Oct 8) brought to you by Oscilar and TWIF. 

We hope to see you next week. In the meantime, stay in the loop, by subscribing and following us!

🩵 Until next weekend. Até a próxima!

• Lorena

🌐 TWIF Community

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📊 Stat of the Week 

Fintech credit in Argentina surged 68% year-over-year in Q1 2025, reaching 5.2 million users. This corresponds to 27% of formal credit borrowers in the financial system (19.2 million people in total). Additional insights: 53% of fintech borrowers are women; 53.5% are aged 18-39; the average loan amount is $288; and while the number of operations has greatly increased, fintechs still account for about 2% of the total credit volume in the system (Source)

📖  Read of the Week

According to the "X-ray of ARCAP members" over the last four years (2020-2024), Argentinian startups raised USD 2,558 billion in private investment; the number of local funds grew from 17 to 91 since 2016, with ARCAP members investing in 1,384 companies and conducting 160 follow-on rounds and 61 exits. This growth consolidates Argentina as a strong player in the regional fintech ecosystem, demonstrating the availability of capital, investor diversity, and expanding geographic regions.

🦉 Post of the Week

🎙️ Podcast of the Week

💸 Venture Financing

💸 Equity

🇧🇷 A5X Exchange, the Brazilian digital asset exchange, raised $40 million. The company plans to use the funds to expand its operations and further develop its platform, to become a leading player in the digital asset exchange market.

🇧🇷 Eles, the Brazilian company focused on unlocking liquidity in the real estate sector, raised a $6 million investment to enhance its platform. The company aims to streamline the flow of funds in real estate transactions, improving efficiency and access to capital for developers and investors.

🇧🇷 CUB, the Brazilian company focused on receivables management in real estate, raised a $5.5 million Series A round led by Alexia Ventures and Upload Ventures. The company has processed $110 million in transactions across 400 projects and aims to surpass 1,000 projects by 2026.

🇧🇷 RevisaPrev, the Brazilian legal fintech specializing in retirement benefits, raised $700,000 in a round led by Domo VC and Bossa Invest. RevisaPrev provides free retirement benefit analyses, which lead to services such as benefit applications, reviews, payroll loans, and reimbursement of contributions above the INSS ceiling.

🇧🇷 Valence, the Brazilian AI-driven fintech startup, raised $100,000 from M3 Lending to enhance its AI capabilities. The company focuses on leveraging AI to optimize financial services and improve decision-making processes in the fintech sector.

☯️ Exits

🤝 M&A - Fintech

🇧🇷 Mercado Pago, the digital financial services arm of Mercado Libre, acquired 100% of Nikos DTVM, a Brazilian securities distribution platform, to enhance its investment offerings in Brazil. The acquisition allows Mercado Pago to structure and distribute its own fixed-income securities, investment funds, and third-party products directly, expanding its current assets under management in Brazil.

🇧🇷 PrecPago, the Brazilian company specializing in the anticipation of judicial assets, small-value requisitions (RPVs), and federal credit rights, announced a strategic partnership with Banco Mercantil, which now joins PrecPago’s shareholder structure.

🚀 Product Launches & Partnerships

💻 Fintech

🇲🇽 Clara, the Mexican expense management platform, and Bitso Business, the corporate division of the firm, announced a partnership to launch corporate cards and payment services backed by stablecoins.

🇨🇴 RappiPay announced the launch of a credit line specifically designed for Rappi merchants in Colombia, along with a credit product developed in partnership with Davivienda, aiming to expand access to financing within the digital commerce ecosystem.

🇧🇷 Bitget Wallet, the Brazilian non-custodial crypto wallet, integrated Brazil’s instant payment system Pix in partnership with local licensee Aeon, allowing users to make payments directly with self-custodied crypto by scanning any Pix QR code.

🇧🇷 Jeeves, the global finance platform, launched in Brazil a Virtual Card Number, a solution that enables companies to issue multiple virtual credit cards through an API, enhancing flexibility and control over corporate payments.

🌎 Thredd, the next-generation payment processor, announced its expansion with Reap, a multinational fintech offering stablecoin card programs, aiming to provide mission-critical infrastructure for physical and virtual cards across Latin America and the United States.

🇧🇷 Conta Simples, the Brazilian expense management software startup, announced the launch of a global account in partnership with Airwallex, a Banking-as-a-Service (BaaS) provider. The solution will enable companies to make purchases in dollars without the Financial Transactions Tax (IOF), as well as access prepaid cards and international transfers.

🌎 Global66, the Chilean international transfers company, announced the launch of a new service targeting Colombian companies engaged in foreign trade activities, enabling them to make cross-border payments through its platform.

🌎 Lemon Cash, the Argentinian crypto digital wallet, announced that it will begin offering bill payments, mobile top-ups, and interoperability services in Colombia through its partnership with Bre-B.

🌎 Wallbit, the Argentinian company providing U.S. bank accounts, international cards, and investment services for remote workers, will expand operations to Colombia, focusing on wealth management solutions.

🏦 Financial Services & Banking 

🇨🇴MoneyGram announced a partnership with Crossmint to launch a stablecoin-based remittance service, starting in Colombia.

🇬🇹 ZIGI and Mastercard announced the launch of a debit card in partnership with Banco Industrial, enabling users to withdraw funds from the bank. The card will be accepted for transactions at both physical and online merchants in Guatemala and internationally.

🇻🇪 Bancaribe added a new feature to its Conexión Digital app, enabling users to make fast and seamless mobile payments using NFC technology.

📜 Policy

🇨🇴 Colombia Fintech unveiled its 2026–2030 roadmap during the Latam Fintech Market in Barranquilla. The association highlighted the prospect of a “regulatory tsunami” involving multiple stakeholders and the potential for the Banco de la República to enable strategic use cases in Bre-B, including government-to-person (G2P), government-to-business (G2B), and business-to-business (B2B) payments, among others.

🇨🇱 The Chilean Senate resumed the discussion on the bill establishing the Agency for Financing and Investment for Development (Afide). The bill aims to strengthen productivity and economic growth by providing resources for technological advancement and innovation. Afide will be structured as a joint-stock company owned by Corfo and the Chilean Treasury, supervised by the Financial Market Commission (CMF), and aligned with standards recommended by the OECD and the World Bank.

📰 Other News 

🇧🇷 Caio Costa was named VP of Open Sales at Getnet Brasil.

🇲🇽 Jacob Levin was named Country Manager at Pomelo Mexico.

🇨🇴 Fernando Trueba was named Chief Marketing Officer, and Manish Bansal was named Chief Product Officer at Addi.

🇨🇴 Visa launched the Visa Social Common Identifier Registry in Colombia, a tool designed to facilitate the rapid, secure, and low-cost distribution of subsidies and donations. This service is targeted at NGOs and large organizations, enabling them to receive and direct funds efficiently while maintaining control over beneficiaries to prevent fraud and ensure traceability throughout the process.

🇧🇷 Bitget Wallet, the Brazilian non-custodial cryptocurrency wallet, integrated Pix allowing users to make crypto payments by scanning any Pix QR code. This integration enables consumers to spend USDT and USDC across major blockchains, while merchants continue to receive payments seamlessly in Brazilian reais.

🇨🇴 Mondelēz International, through its Sustainable Futures platform, partnered with Ziro, a Colombian fintech, to provide interest-free credits to over 8,500 small businesses. This initiative has resulted in more than 60,000 credits granted. The collaboration also includes support from the National Guarantee Fund, enabling access to clients without credit history or with low credit scores.

🇧🇷 Mercado Bitcoin, Brazil’s first crypto unicorn, announced plans to issue $200 million in tokenized fixed income and equity financial instruments on the Stellar blockchain. This initiative aims to unlock cross-border investment opportunities and bring LatAm real-world assets onto global blockchain rails.

📚 Deeper Reads

E-commerce and proof of human in the age of AI

The King we are missing (ES)

From digital access to financial inclusion: the five pending challenges in Peru (ES)

From yields to cross-border payments, El Dorado's crypto wallet is on its way to mainstreaming USDT (ES)

📣 LatAm fintech enthusiasts looking for a new role, check out https://jobs.thisweekinfintech.com

Made in LatAm with 🩵 by 

Elena, Digital Innovation Manager at Banco Azteca

Carlos, Senior Associate at Emant Consultants

Lorena, Head of Policy for Spanish-speaking LatAm at Tools for Humanity

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