Nu México just became a real bank. The rest of Latam is still waiting for its promotion | TWIF Latin America

🇧🇷 Núclea, the Brazilian financial infrastructure and payment network provider, acquired Data Rudder, the Brazilian fintech specializing in AI-powered fraud prevention and AML solutions, to strengthen its fraud prevention and financial crime capabilities.

🇲🇽 Brazilian insurtech Hero Seguros has executed its first M&A deal by acquiring 100% of Grupo CAM, enabling the company to enter the Mexican market via an established local operational framework and distribution network.

🇲🇽 Revolut has launched digital eSIM functionality for its users in Mexico, integrating mobile data plans covering over 150 countries directly into its application via telecom partner 1Global.

🇦🇷 Jeeves has officially launched operations in Argentina, opening an office in Buenos Aires to provide cross-border treasury management, international accounts, and stablecoin payment solutions.

🇸🇻 TOHKN has launched TOHKN US Public Markets, an initiative authorized by the National Digital Assets Commission (CNAD) enabling Latin American retail investors to purchase tokenized U.S. equities, ETFs, and bonds.

🇲🇽 BingX has expanded its footprint in Mexico by launching the BingX Visa Debit Card, developed in partnership with Wirex.

🇧🇷 Mercado Libre raised $296 million through the issuance of financial bills in Brazil's capital markets, drawing demand more than double the amount offered, to fund the expansion of its Mercado Crédito lending business. 

🇻🇪 Cashea, the Venezuelan BNPL platform, raised a $100 million Series B 

🇸🇻 Ábaco Technologies, the Salvadoran fintech, secured $53 million through a warehouse facility and a Seed round, bringing its total funding to more than $60 million. 

🇲🇽 Nu México will formally initiate commercial banking operations on August 6, 2026, after receiving final regulatory approval from the National Banking and Securities Commission (CNBV) and the Ministry of Finance and Public Credit (SHCP).

🇧🇷 PicPay has secured final regulatory authorization from the Central Bank of Brazil to complete its acquisition of digital insurer Kovr.

🇧🇷 99Pay, the digital financial platform of mobility giant 99, has received authorization from the Central Bank of Brazil to transition from a Direct Credit Society (SCD) to a Credit, Financing, and Investment Society (SCFI).

🇲🇽 Banxico raised the monthly deposit limit on a low-risk digital account tier for small businesses to about 130,000 pesos, up from roughly 104,000 pesos, making it easier for SMEs to accept digital payments. 

🌎Visa, Mastercard, and Wall Street banks are racing to build the infrastructure layer for stablecoin payments, as a new Nexo report shows Citi projecting the market could hit $4 trillion under an optimistic scenario. 

🇨🇴 Wenia, Bancolombia Group's crypto platform, announced the appointment of María del Pilar Correa as its new CEO.