LATEST REGIONAL PROJECT UPDATE
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1 COLOMBIA
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MEXICO
Yuno had raised $ 25m in a Series A round . Ziff has acquired Arrenda to boost credit solutions for Mexican SMEs
The fintech will use the capital to strengthen its presence in key markets in Asia , Europe and Africa while continuing to invest in improving its payment infrastructure .
Juan Pablo Ortega , co-founder and CEO , Yuno , said : “ In addition to Latin America , we also have offices in New York and Singapore , so having more presence in those markets will be key for this year .”
By integrating Arrenda ’ s technology , Ziff plans to expand its market presence throughout Mexico , with a goal to deploy over $ 1 billion pesos in liquidity to empower Mexican SMEs by the end of 2027 .
Following the acquisition , Arrenda ’ s founder and CEO , Joe Merullo , will join Ziff ’ s executive team as CTO .
Yuno launched its product in October 2022 , providing over 300 payment methods , fraud detection , one-click checkout and advanced smart routing technology .
Ziff plans to scale Arrenda ’ s flagship product , Adelanta , enhancing financing options for property owners based on existing rental contracts , leveraging Arrenda ’ s vast network of real estate advisors to fuel growth .
3
URUGUAY
Prometeo has launched its Account-to-Account ( A2A ) payment solution in Mexico .
The solution allows businesses to integrate direct bank transfers into their digital channels through a single API .
Prometeo ’ s A2A payments solution is also available in Uruguay , Brazil , Colombia , Peru and Ecuador .
4
CHILE
Global66 has unveiled a multi-currency feature for its prepaid cards – enabling users to make foreign payments in up to eight different currencies directly from their accounts .
The card now supports purchases and ATM withdrawals that discount directly from the balance held in each currency , eliminating exchange rate fees .
“ We believe that account-to-account payments can change the payment map in Mexico and for this it is key to provide an enriched user experience as well as work on implementation at the market level ,” said Ximena Aleman , co-founder and co-CEO , Prometeo .
Global66 offers a remittances platform that equips businesses and individuals with a global account and mobile wallet for currency exchange , person-to-person transfers between Global66 accounts , and online international money transfers .
The platform recently closed a $ 13m Series A funding round aiming to expand its multi-banking data and payment offerings .
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