Banorte obtains digital bank permit

Mexico Technology

Regulator says the Mexican bank received a license last week

Kavak picks up funding from three banks

Loans Mexico Capital Markets

Mexican used-car platform signs a $680 mln agreement with HSBC and borrows $135 mln from Goldman Sachs and Santander

Bancolombia spins off digital finance unit

Technology Equity Colombia

Colombian lender sets up Nequi as a subsidiary after gaining regulatory clearance

Citibanamex could be sold through IPO

IPO M&A Mexico

Citi expects to offload its Mexican retail business sometime next year, according to CFO

RappiPay bags local loan

Loans Debt Technology

Colombian fintech borrows $114 mln from four lenders to fund expansion plans

Totvs to roll over debt in local market

Debenture Debt Fixed Income

Brazilian software company plans to issue $290 mln in new five-year debentures to pay off notes it issued last year

Rappi names new head in Peru, Ecuador

People Technology Peru

Spencer Friedman joins the delivery app from Santiago-based Betterfly

Shopee scales back LatAm ops

Technology Commerce Argentina

Singapore-based online marketplace leaves Argentina and limits activities in Mexico, Colombia and Chile

Xepelin borrows from Goldman Sachs

Loans Debt Technology

Chilean fintech signs a $140 mln line of credit to finance its regional expansion plans

Mexico delays third infrastructure package

Economy & Policy Funds Mexico

Government could announce the investment program by the end of the year, CCE head says

Clip signs three-year revolver

Loans Funds Mexico

Mexican digital payments company borrows $50 mln from Morgan Stanley, JPMorgan and HSBC

Draftea scores fresh funds

Funds Mexico Capital Markets

Mexican fantasy sports company raises $20 mln in a Series A financing round led by StepStone

Ripio snaps up crypto exchange

M&A Technology Argentina

Argentine bitcoin digital payments platform acquires Panda Exchange in Colombia

Brazil tops China's global FDI flows

Corporate & Sovereign Strategy Economy & Policy Equity

China's FDI to Brazil returned to its pre-pandemic levels in 2021 despite frosty political relations

Plurall hits up Fasanara for cash

Equity Technology Colombia

Colombian fintech taps London-based firm for $20 mln in finance