Brazil's Dynamic Payments Market Attracts Airwallex

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?? NEWS HIGHLIGHT

• Neon raises more than R$ 500 million in new round .

More than two and a half years after the last round, Neon is once again raising investments. The information is contained in the report accompanying the financial statements for the first half of the year.

According to the document, available on Neon's website, the Series E round totaled R$518 million. There were two tranches - one for R$310 million (US$64 million) in December 2023 and the other for R$208 million (US$38 million) in August this year.

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• Nubank has surpassed Itaú in the number of customers and market value , but it is still far from exceeding its profit and revenue .

NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS

?? REGIONAL HIGHLIGHTS

?? Brazil's dynamic payments market attracts Airwallex.

?? Open Payment Technologies Ltd expands in Latin America offering digital wallet services to Argentina .

?? Vivo receives authorization from the Central Bank to own a credit FinTech .

?? Mexico FinTech Eyes Colombia’s Unbanked With $100 Million Outlay .

BRAZIL

TepMed, a Brazilian FinTech specializing in financial solutions for healthcare clinics and hospitals, raised $3.6M from SRM Ventures. The firm will use the funds to provide additional capital for financing and reimbursement and grow its client base.

Nubank and 99 announce a strategic partnership to implement NuPay as a payment method for rides in the app. The solution will be exclusively available to the Nubank customer base in the coming weeks . Nu customers can enable the payment feature in the 99 app by registering NuPay just once.

MEXICO

ACI Worldwide and Mexipay extend partnership to boost instant payments adoption in Mexico. Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services .

ECUADOR

Mercately raises a $2.6M seed round. Mercately is a B2B software that builds the infrastructure brands need to sell directly on WhatsApp. The company integrates with platforms like Stripe and HubSpot and uses AI agents to help brands communicate with customers , check inventory, take payments and create purchase orders without the customer having to leave WhatsApp.