BLOOMBERG Ualá founder raises US$30 million for LatAm venture capital fund 18-04-2022 15:13 Founder of Argentine fintech Ualá, Pierpaolo Barbieri, launches venture capital firm with US$30 million from a roster of investors.
'Suisse Secrets' investigation Venezuelans accused of looting PDVSA held accounts at Credit Suisse 21-02-2022 15:31 More than 20 Venezuelans linked to corruption involving state energy firm PDVSA had "assets of more than US$273 million in 25 Credit Suisse accounts," a new investigation reveals.
'Suisse Secrets' investigation Investigation claims Credit Suisse bank handled dirty money 21-02-2022 15:01 Switzerland's second-largest bank Credit Suisse held billions of dollars of dirty money for decades, a new cross-border media investigation has claimed, based on a massive data leak from an anonymous source.
BLOOMBERG Argentine fintech start-up Ualá starts its own brokerage service 08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.
Bloomberg MercadoLibre SPAC has 30 Latin America tech firms in its sights 02-10-2021 08:03 E-commerce giant's firm with venture capital firm Kaszek is just getting off the ground. Already, the e-commerce giant’s executives are mulling more partnerships in the region.
FINTECH Argentina’s Brubank plans push into Colombia, Peru in 2022 12-08-2021 15:12 Argentine digital bank is looking to expand to Colombia and Peru in 2022 after raising more financing at the end of this year.
Cryptocurrency Economic downturn fuels crypto craze in Argentina 07-05-2021 08:00 As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.
Bloomberg MercadoLibre plans to double workforce with 16,000 new jobs 06-04-2021 14:26 Latin American e-commerce powerhouse will double its workforce across the region to handle the surge in online purchases, according to company staff.
BLOOMBERG Argentine banks ask for some relief after worst year since 2007 27-03-2021 08:34 After posting their worst returns in 13 years, nation’s banks are blaming part of their losses on government’s pandemic measures and asking the Central Bank for help.
Bloomberg MercadoLibre to invest record US$1.8 billion in Brazil 01-03-2021 22:01 Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.
BLOOMBERG Banco Galicia CEO: Inflation will keep battering banking returns 19-02-2021 12:42 Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.
E-commerce MercadoLibre eyes more cross-border shipping in land of red tape 24-08-2020 07:00 Already Latin America’s biggest company by market value, e-commerce giant is embarking on a new strategy to look across borders and boost international sales.
E-commerce boom Pandemic proves beneficial for Mercado Libre as profits soar 17-08-2020 15:44 Mercado Libre doubled its sales (volume and invoicing alike) during the second quarter this year as the coronavirus pandemic arrived, sending profits soaring and pushing the Argentine firm's valuation up to around US$55 billion.
capital controls Banks block accounts of those suspected of trying to circumvent dollar quota 17-07-2020 00:11 At least three of country's biggest banks have started to block dollar purchases via online platforms for clients suspected of using loopholes to purchase greenbacks beyond the US$200 limit.