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Brazil’s alt.bank Raises US $5.5 Million, Targets the Unbanked

Another day, another Brazilian Financial Technology company that is on a mission to redesign the landscape for banking in the country. On May 4th Brazilian digital bank or neobank alt.bank announced a US $5.5 million Series A funding round led by Union Square Ventures (USV). Earlier this year, Brazil’s Nubank raised US $400 million in …

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Global Fintech Funding Sets Record for First Quarter of 2021

In the first quarter of 2021, fintech’s around the world have collectively raised over US $22.8 billion in investments through 614 deals according to CB Insights. This amount is more than double what was raised in the fourth quarter of 2020. Also, this represents the largest venture capital-backed funding quarter ever. The first quarter 2021 …

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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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US Digital Bank Current, Triples Valuation, Becomes Unicorn

There’s a new fintech unicorn in town and it’s in the United States. The American-based challenger bank Current, which has seen amazing growth trends reaching three million users, announced this morning that they had raised US $220 million in a Series D funding round that was led by new investor Andreessen Horowitz. This comes on …

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