Topic: Fintech

Rappi obtains financing for Mexican fintech venture

Mexico’s González Calvillo, SC has helped the local branch of Colombian on-demand delivery start-up Rappi get a loan of 1 billion Mexican pesos (US$49 million).

14 September 2021

Honorato Delaveau steers open banking agreement in Chile

Honorato Delaveau has helped two fintech companies reach an open banking agreement with Banco Estado in Chile.

03 September 2021

UK online payment company Paysafe continues LatAm expansion

Paysafe has enlisted Greenberg Traurig LLP as lead international counsel to make its second acquisition in Latin America in a couple of weeks, buying US counterpart SafetyPay and its operations in the region for US$441 million.

25 August 2021

Argentine fintech becomes unicorn with US$350 million injection

US firm Hughes Hubbard & Reed LLP has helped Argentine fintech Ualá raise US$350 million in a funding round co-led by SoftBank’s Latin America fund and Chinese investor Tencent, making it a unicorn company.

25 August 2021

Brazilian financial services platform Omie gets funding round

Brazilian financial management platform Omiexperience (Omie) has relied on Blake, Cassels & Graydon LLP in Toronto, Foley & Lardner LLP in San Francisco, Brazilian law firm Machado Meyer Advogados and Conyers Dill & Pearman LLP in the Cayman Islands to raise 580 million reais (US$112 million) in an investment round.

18 August 2021

British online payment platform buys Peruvian counterpart

UK payment company Paysafe has enlisted Rodrigo, Elías & Medrano Abogados to acquire Peruvian counterpart PagoEfectivo from local media group El Comercio.

10 August 2021

SoftBank invests US$200 million in Brazilian crypto exchange

Morrison & Foerster LLP in Miami and Pinheiro Neto Advogados in São Paulo have helped SoftBank use its Latin American investment fund to inject US$200 million in Brazil's Mercado Bitcoin.

06 August 2021

Three firms steer first major open banking buy in Brazil

Brazilian firm Bichara Advogados has helped local fintech PicPay acquire finance app Guiabolso in one of the first major open banking transactions in Brazil, as the country prepares to enter the second phase of introducing the new regulation.

30 July 2021

Brazil's Méliuz makes follow-on offering

Paul Hastings LLP in New York and São Paulo and Brazil's Cescon, Barrieu, Flesch & Barreto Advogados have helped local fintech Méliuz raise 1.2 billion reais (US$227 million) in a follow-on offering.

28 July 2021

Magazine Luiza splurges on super app shopping spree

Brazilian retailer Magazine Luiza has hired Machado Meyer Advogados and TozziniFreire Advogados for several acquisitions to add four start-up and e-commerce companies to its digital app, on one occasion shelling out 3.5 billion reais (US$674 million) in what is understood to be the retailer’s largest acquisition to date.

23 July 2021

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