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What does your fintech need to get investors? Here’s what you need to know

In August, Credijusto and Rebel closed important deals in August. And so far this year, Latin American fintechs have raised more than 1.6 billion dollars.

In our monthly analysis of fintech news in Latin America, Thiago Paiva observes M&A, investments, trends and associations of the region’s fintechs.

Nubank and Creditas

After two incredible months with great rounds of Nubank and Creditas (see what happened in July in this post), August was a more relaxed month with less and smaller less capital raising deals for Latin American fintechs. Three fintechs raised equity and another raised debt, and on the other hand, three purchases were announced.

In August, fintechs in the region raised $ 43.1 million in equity deals. Mexico led with 97% capital, thanks to the Credijusto B series. On the debt side, there was a deal with REBEL, a fintech loan company, for 43.3 million dollars.

With these deals, so far this year we have seen an impressive figure of $ 1.66 billion raised by fintechs in Latin America, including the $ 332 million raised by the Inter Bank of Softbank.

As we can see in the graph, $ 1,413 (85.2%) billion have been in equity rounds and $ 245.2 million (14.8%) was in the form of debt.

More fintechs getting financed

In the M&A market, some players announced deals in August. Two Mexican fintechs (Weex, a mobile virtual network operator and digital wallet and Konsigue, an online factoring platform) and a Chilean (QVO, payment gateway) have been purchased.

I would expect to see more purchases in the coming months. Creditas and Nubank, for example, have been well capitalized and are looking to expand both regionally and in their product offerings. Creditas already made a purchase, Creditoo, last month.

Let’s go directly to the most relevant fintech news and deals, and stay tuned for the September Fintech Snapshot.

Also published on Medium.

Published inFintech
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