With nearly 2 million users and backed by the Peruvian conglomerate Credicorp, Tenpo is set to become Chile’s first fully digital bank. Its entry into the financial system will mark a major milestone in the industry’s transformation, offering a branchless model, credit products, and an enhanced digital platform.

Topics: Instituciones Financieras

Chile has positioned itself as a fintech hub in the Southern Cone, highlighting the inclusion of women and diverse talent as key drivers of growth in this dynamic industry.

Topics: Instituciones Financieras

Under the new regulation, institutions that are currently regulated in the financial system must join the Open Finance System (SFA) to provide information that users decide to share with other participating institutions, after giving their consent.

Topics: Instituciones Financieras

The company, like the fruit that gave it its name, seeks to squeeze out opportunities offered by technology applied to finance in the continent.

Topics: Instituciones Financieras

The company received approval from the Chilean regulator to enter the acquiring business, and is now present in five Latin American markets.

Topics: Instituciones Financieras

The guide has been prepared by the South American country’s Foreign Investment Promotion Agency. It contains the main guidelines to promote this area of the financial industry.

Topics: Instituciones Financieras

The company was established in Israel and is listed on Nasdaq. It plans to begin offering working capital.

Topics: Instituciones Financieras

The Chilean-Finnish fintech has raised US$3 million, and this year anticipates turnover of US$1 million.  The company is able to predict the payment behavior of unbanked people using only their email, address and telephone number.

Topics: Instituciones Financieras

Global services and technology, fintech, circular economy, green hydrogen, and tourism are among the economic sectors that the South American country wants to promote.  

Topics: Energy- Chilean Economy- Circular economy- Instituciones Financieras

In 2021, the Chilean fintech sector was made up of over 150 companies, almost 50% of which are internationalizing their operations in Latin America. What attracts foreign companies to invest in financial technology in Chile?

Topics: Instituciones Financieras

The Chilean Fintech announced that the financing round was led by Avenir and Kaszek, along with the participation of others, such as PayPal Ventures, Wellington, Picus, Cathay-Seaya Latam and Gilgamesh. 

Topics: Instituciones Financieras

The paytech firm Instacash Preauth has raised US$800,000 with Alaya capital and 500 startups. After entering the market in April 2021, it has grown 20% in each of the past 10 months and now has a team of 15 people in Chile. 

Topics: Instituciones Financieras

Tribal Credit, Jeeves, Clara and Xepelin are companies expanding into various parts of the continent. Most share the vision that the public is under-served and see this as an opportunity, especially in financing for the small- and medium-sized business segment. 

Topics: Instituciones Financieras

The US$39 million investment in Fintual marks Sequoia’s arrival in Chile amidst the burgeoning Fintech industry in Latin America. The company has invested in other regional startups, such as Despegar.com, Nubank and Rappi. 

Topics: Venture Capital- Instituciones Financieras

Chile’s vibrant local entrepreneurship ecosystem, international trade agreements, financing programs and high level of technological development are the main factors that attract foreign investment to the country. 

Topics: Instituciones Financieras- Startup

According to a study conducted by EY and FinteChile, 60% of survey respondents saw their clientbase grow and 71% are seeing an increase in sales.

Topics: Foreign Investment- Technology- Instituciones Financieras- Financial Institutions

The Ministry of Finance will work to draw up a legal proposal for an Open Banking Standard, promoting competition and innovation in the financial market and the incorporation of new fintech players. 

Topics: Instituciones Financieras

The trade commissioners of Chile in New York and Miami indicated that innovation in financial services and entrepreneurship are the heavyweights of the sector in the world’s leading economy.

Topics: Instituciones Financieras

A study by Digital Bank Latam shows that more than half of fintech firms in Latin America last more than two years and, in some cases, more than ten years, that over 20% have operations in more than three countries and that there are very few without the presence of women.

Topics: Instituciones Financieras