Friday Briefing: Investors seek a new generation of fintechs
Summary
Thats the view of Anderson Vera Fernandes, Brazil country manager at Geopagos, a fintech that develops digital payment acceptance infrastructure in LatAm. Its a model thats expanding, particularly in Brazil, due to its ability to both adapt to the changing needs of businesses and capitalize on the benefits of open finance. Fernandes said the digital payment vertical is being driven by what retailers demand: a solution that offers lots of services in a single place, such as access to credit, raising invoices and inventory consolidation. All the providers are looking for that, even e-commerce companies such as Tiendanube that are creating solutions to accept payments and compete with Stone or Getnet, he said.Ebury, a fintech specializing in payments and foreign exchange, will shore up its operations in Brazil with an expanded workforce and the launch of new products such as multi-currency accounts through Bexs, the Brazilian bank it acquired last year. Data Rudder, ElloX, Fluid, LastLink, Streamshop and Turivius were picked from a list of 539 applicants and will receive mentoring and training from the banks business department and partners.