Topic: Fintech

XP acquires Banco Modal in US$529 million merger

Spinelli Advogados has helped Brazilian brokerage XP acquire local investment platform Banco Modal for US$529 million as part of an all-shares merger.

18 January 2022

Demarest helps launch crypto exchange for start-ups in Brazil

Brazil’s Demarest Advogados has helped local crowdfunding organisation StartMeUp (SMU) launch a platform that will allow start-up companies and investors to trade securities as digital currency tokens.

18 January 2022

Argentine firms help Blockchain become LatAm’s largest crypto trader

Global digital finance business Blockchain.com is on track to become Latin America’s largest cryptocurrency platform after the buyer enlisted Marval O'Farrell Mairal in Buenos Aires and Rodrigo, Elías & Medrano Abogados in Lima for its acquisition of Argentine counterpart SeSocio.

14 January 2022

Several firms steer agri-fintech funding round in Argentina

Argentine agrifintech Agrofy has hired local firm Zang, Bergel & Viñes Abogados to obtain a US$30 million investment led by Norwegian chemical company Yara International.

12 January 2022

Data privacy is paramount amid fintech boom, says Rabobank’s new LatAm counsel

Fábio Aspis tells LACCA why LGPD compliance will be top of the agenda in his new role as regional data privacy counsel to Dutch finance group Rabobank, while he also unveils how Latin America’s ongoing fintech revolution is prompting in-house data privacy counsel to keep their finger firmly on the pulse.

11 January 2022

Banco Inter acquires US fintech USEND

Brazilian Banco Inter has hired Morrison & Foerster LLP in Miami, San Francisco and New York and Demarest Advogados in São Paulo to purchase US-based finance start-up USEND.

01 December 2021

Nubank acquires Palo Alto AI business in run-up to IPO

Brazil’s Nubank, the world’s largest digital bank, has enlisted four offices of US firm K&L Gates LLP and Cescon, Barrieu, Flesch & Barreto Advogados in São Paulo to acquire Palo Alto-based artificial intelligence company Olivia.

30 November 2021

Brazil's Omie buys fintech and gets Chinese investment

Several firms have advised on Brazilian software company Omie’s acquisition of digital bank Linker and capital increase from Chinese investor Tencent, which was an extension of an investment round in August.

30 November 2021

PPU and Machado Meyer help Sequoia invest in Chile and Brazil

Several firms have advised on Californian venture capital fund Sequoia Capital's investments in Chilean fintech Fintual and Brazilian logistics solutions provider Lincros, worth US$46 million in total.

25 November 2021

Argentine fintech Ualá expands with Mexican bank buy

Argentine fintech Ualá has enlisted Hughes Hubbard & Reed LLP in New York to acquire Mexican lender ABC Capital, marking its first acquisition in Latin America's second largest economy.

18 November 2021

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