Stori - the startup, which offers credit cards to underserved populations in Mexico, told TechCrunch it has raised an additional $50 million in equity at a $1.2 billion valuation. It also has secured $100 million in debt financing.

BAI Capital, GIC and GGV Capital co-led the equity portion of the deal, which also included participation from other existing and new investors, including Lightspeed Venture Partners, General Catalyst, Vision Plus Capital , Goodwater Capital and Tresalia Capital.

#startup #funding #unicorn #fintech #latam

The British publication The Banker, part of the Financial Times Group, has selected BBVA as the best digital bank in Europe and Latin America in its Innovation in Digital Banking Awards.

#innovation #digital #digitalbanking #awards #bbva #europe #latam

Argentine #FinTech Ualá plans to invest $150 million in the next year and a half to expand its Latin American digital banking operations as the region becomes more digitized.

The expansion will focus mainly on Mexico and Colombia, with Ualá — valued at around $2.5 billion — hoping to grow its user base from 5 million to 25 million or 30 million over the next five years, CEO Pierpaolo Barbieri told Reuters in a Tuesday (Oct. 4) report.

#digitalbanking #ceo #colombia #latam #uala #digitalbanking

Abu Dhabi conglomerate International Holding Company (ADX:IHC) has made a foray into the South American market with a Dh734 million ($200m) investment in a Colombian company.

Through its subsidiary, IHC Capital Holding, the company acquired a 49.99 per cent stake in Lulo bank Colombia, which is the holding company of Colombia’s first regulated digital bank, Lulo bank, IHC said in a regulatory filing on Monday to the Abu Dhabi Securities Exchange, where its shares are traded.

#digital #investment #colombia #bank #abudhabi #colombia #southamerica #latam #fintech

LatAm fintech Clara eyes $100 mln in international transactions by year-end

Latin American corporate card provider Clara has launched cross-border transactions, the company announced on Monday, expecting to move up to $100 million by the end of the year.

#latam #clara #cardprovider #card #corporatecard #corporate #fintech #fintechnew

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

Global fintech giant Airwallex said it has acquired MexPago, a rival payments company based out of Mexico, for an undisclosed sum.

#airwallet #mexpago #latam #mexico #deal #acquisition #fintech #fintechnews

The UK-headquartered fintech giant Revolut has continued its expansion efforts as it recently received a banking licence in Mexico, Reuters reported. The approval from Comisión Nacional Bancaria y de Valores will now allow the company to establish itself as a bank in Latin America.

#Revolut #Mexico #banking #license #LatAm #fintech #fintechnews