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Welcome to TechCrunch Fintech ! This hebdomad , we ’re choose a expression at :
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The big story
Trump ’s duty threats do n’t scare off this Mexican fintech
Mexico ’s economic development has made it a fertile ground for inauguration . But the tendency is under threat if President - elect Donald Trump follows through with his program to take a harder line on trade with Mexico .
Jaime Tabachnik , co - founder and CEO of Mexican truckage finance startup Solvento , is n’t too disquieted , though . Solvento just closedits $ 12.5 million Series A funding roundled by venture capital firm Cometa .
The house provides modern financial servicing to truckage companies in Mexico , including financing and automated payment . Tabachnik narrate TechCrunch that its products in world-wide step-up transparency and liquidness in the hauling sector .
Analysis of the week
Latin America fintech might just bea market to watch in 2025.The book of speculation capital dollars invest into fintech companies in LatAm this class has increase 73 % from 2023 . And $ 2.6 billion has been invested in 2024 , compared to the $ 1.5 billion invested in 2023 .
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While these may not sound like Brobdingnagian amount , especially in comparing to 2021 when $ 7.5 billion was invested , these numbers show that the market could be starting to turn around .
“ I believe the region is underfunded come out of the [ post ] 2021 fudge factor , ” QED Investors partner Mike Packer tell TechCrunch . “ We necessitate more investors to look at LatAm as a global chance and take entrepreneurs to believe that they can make a difference and commute things . ”
Dollars and cents
Cardless announced$30 million in fundingto flesh out its co - branded reference card business . The company is not disclosing its evaluation with this round of drinks — nor is it indicating whether it is compressed , up , or down on its old $ 40 billion valuation .
StoreCash announced the closing of a$3.7 million source roundled by Black Ops Ventures for its crying John Cash - back app that aims to “ facilitate the mean American build generational wealth . ” The company has parent $ 6.4 million to appointment .
German fintech unicorn N26 report its first ever quarterly ( pretax ) profit . The challenger bank generated anet manoeuver income of € 2.8 millionduring the third quarter of 2024 ( $ 2.9 million at current exchange rates ) .
High-interest headlines 🗞
New UK crypto regulations will include stablecoins and staking service
Flipkart co - founder Binny Bansal leaves PhonePe ’s board
Revolut to launch mortgage , sassy ATMs , and business course credit intersection
Apple Pay , Cash App , PayPal and other apps to be treated more like banks
