Topic: Fintech

Brazilian finance start-up Will Bank gets capital increase

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Brazilian investors XP and Atmos Capital lead a 250 million reais (US$50 million) funding round in local finance start-up Will Bank.

19 July 2021

Brazil’s TOTVS carves out finance business for fintech tie-up with B3

Cescon, Barrieu, Flesch & Barreto Advogados has helped Brazil’s B3 invest 600 million reais (US$118 million) in a subsidiary of local software company TOTVS, through which the two companies will launch a fintech venture.

16 July 2021

Brazilian real estate platform Loft acquires fintech start-up

Brazilian real estate platform Loft has relied on local law firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to acquire a 40% stake in fintech company CredPago, making it the sole owner of the business.

14 July 2021

JP Morgan snaps up stake in Brazilian digital bank

Brazilian firms Pinheiro Neto Advogados and Spinelli Advogados have helped JP Morgan Chase invest in local digital banking group C6, marking its entry into the country’s retail banking sector.

02 July 2021

Brazil’s StoneCo makes US$500 million debt issuance

Brazilian financial technology company StoneCo has relied on Davis Polk & Wardwell LLP in New York and São Paulo and Pinheiro Neto Advogados in São Paulo to issue US$500 million worth of notes.

29 June 2021

Chile’s BCI launches online payment venture, buys Pago Fácil

A slew of Chilean firms and a Peruvian outfit have helped US financial services group EVO Payments enter a tie-up with Chile’s Banco de Crédito e Inversiones (BCI), with the pair launching an online payment venture that includes fintech Pago Fácil.

24 June 2021

Uruguay’s first unicorn soars above target in Nasdaq IPO

Four Davis Polk & Wardwell LLP offices have helped tech company dLocal – Uruguay’s first unicorn – raise some US$710 million in an initial public offering.

11 June 2021

StoneCo bets on Banco Inter with 2.5 billion reais investment

Brazilian financial technology company StoneCo has engaged Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Spinelli Advogados to help it invest 2.5 billion reais (US$471 million) in local digital financial institution Banco Inter.

02 June 2021

Second time lucky for WhatsApp payments in Brazil

WhatsApp’s payments platform in Brazil has won regulatory approval to operate, nearly a year after the Central Bank shut down its operations within days of launch.

07 May 2021

Locaweb boosts open banking capabilities with double fintech buy

Brazilian internet services company Locaweb has hired Tauil & Chequer Advogados in association with Mayer Brown to acquire two technology start-ups.

29 April 2021

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