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Brazilian Fintech, Nubank, Receives Massive Investment from Berkshire Hathaway

Brazilian digital banking fintech, Nubank, announced it received a $500 million investment from Warren Buffet’s investment company, Berkshire Hathaway. This investment is an expansion of Nubank’s $400 million Series G that was originally announced in January 2021. Nubank came to be when Columbian businessman, David Vélez, made the decision that he would take action to …

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How Fintech Has Benefitted Latin America

Over the past few years, Latin America has seen an explosion of development in its financial technology sector. According to News America Now, it is one of the most successful and lively markets in the world. The countries in this region have welcomed these new innovations with open arms and in turn, have benefitted greatly …

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Goldman Sachs Extends Credit Line to Brazilian Fintech

New York-Based Goldman Sachs Group extends credit line for a massive 1.5 billion Brazilian reais or US $270 million to Open Co, a Brazilian Fintech that specializes in making unsecured loans to individuals throughout the country. The major Wall Street bank is providing a billion of the reais while the rest will be raised from …

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Colombian Telemedicine Startup, 1Doc3, raises US $3 Million

In the United States and Europe, the pandemic has made telemedicine visits to your doctor more commonplace than ever before. Unfortunately, in Latin America, this is not the case where widespread internet is not available as well as it becoming more and more difficult to reach your primary doctor when you’re feeling under the weather …

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How Has the Pandemic Impacted Fintechs?

It’s widely known and unfortunate news that the pandemic has led to not just widespread health turmoil, but also worldwide economic recessions. Lockdowns have caused many businesses deemed as “non-essential” to close their doors indefinitely, or operate at a far lower capacity than normal. All this while still being expected to pay the same rent …

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Fintech Startup Zeta Close to Unicorn Status

The coronavirus pandemic has added fuel to the already burning global fintech fire, as contactless mobile banking has become increasingly desirable. The industry has shown that bright fintech ideas can arise from nearly every corner of the world. The pandemic may have shown us a negative to having such an interconnected world, since the virus …

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New Details Emerge Regarding Walmart’s Future Fintech

The global fintech market is one of the fastest growing and potentially profitable emerging markets over the past few years. Since the spark of the pandemic, the demand for contactless payments and banking activities straight from users’ smartphones and computers rose exponentially, opening the space to innovators to enter this competitive space. The opportunity is …

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Cora Raises €22.6 Million with Ribbit Capital

Latin America is now one of the world’s most sought after and enticing places for fintech innovation. This has been attracting companies like Techstars, whose primary objective is to aid gifted and hard working entrepreneurs obtaining the resources and connections they need to take their ideas to the next level. Cora, which is a São …

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