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Brazilian bank Itaú Unibanco is set to acquire a stake in digital and cloud-based brokerage firm Ideal.
A trio of FinTech companies have been selected to receive equity-free grants as part of Village Capital’s Finance Forward Latin America 2021, an investment-readiness program.
Brazilian firm TruePay has secured $32m from a financing raise led by venture capital company Addition. being described as one of the largest ever Series A rounds in Brazil.
Brazilian neobank Z1, which is aimed at providing teenagers with a digital bank account, has reportedly scored $10m in its Series A funding round.
FinTech companies in the region raised $9.7bn so far in 2021 boosted by huge funding rounds in Brazil
Swap, a bank-as-a-service platform based in Brazil, has capitalised on its 300% customer base growth with the close of a $25m Series A investment.
Brazilian InsurTech company Justos has collected $35.8m in its Series A round, which comes just months after its seed close.
Hash, a Brazilian FinTech company that provides payment infrastructure for B2B companies, has reportedly raised $40m in Series C funding.
Sao Paulo-based company Gabriel has snagged $12m from a Series A funding round led by the SoftBank Latin America Fund.