Joaquin Morixe

🇺🇸✨🚀 ▶️ Summary of the Latin American Transaction Market – May 2024 In the first five months of the year, the Venture Capital sector recorded 252 transactions worth $1.928 billion, with a 35% decrease in number but a 17% increase in value year-over-year. 📊 Private Equity in May saw 71 transactions worth $2.232 billion, a 6% decrease in number but a 24% increase in mobilized capital. Asset Acquisitions up to May had 175 transactions worth $3.708 billion, with a 5% rise in number and a 17% increase in value compared to 2023. Mergers and Acquisitions in Latin America: Up to May: 996 mergers and acquisitions worth $26 billion, a 26% decrease in number and a 25% drop in value compared to 2023. In May: 149 transactions worth $6.157 billion. 🔄 Activity by Country 🌎 : Brazil: 592 transactions (↓ 29%), capital ↓ 3%. Mexico: 130 transactions (↓ 16%), capital ↓ 68%. Chile: 113 transactions (↓ 33%), capital ↓ 71%. Colombia: 105 transactions (↓ 2%), capital ↓ 8%. Argentina: 66 transactions (↓ 20%), capital ↑ 235%. Peru: 48 transactions (↓ 16%), capital ↓ 65%. Cross-Border Transactions 🌐 : 26 transactions in Europe and 22 in North America by Latin American companies. 172 transactions in Latin America by North American companies and 106 by European companies. The market shows dynamism and adaptability in a challenging environment. 💪📈 Source: https://lnkd.in/esztFWdP #VentureCapital #PrivateEquity #MergersAndAcquisitions #LatinAmericanMarket #Investments #Economy #Insurtech #Innovation #Technology #Insurance #Inversiones #MachineLearning #DeepLearnin #DataScience #AIethics #ArtificialIntelligence #NeuralNetworks #AIfuture #Robotics #AIresearch #AI #Startups #Innovation #InsurtechInsights #Insurance #Insurtech

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CBDC and the future of payments integration in Latin America This is to share that I participated in a wonderful conference organised by the Banco Central de Reserva del Perú - BCRP, Inter-American Development Bank and Marc Uzan of the Reinventing Bretton Woods Committee in Cusco on 19-20 July. It has been the 15th edition of the conference, and probably my 7th participation. The conference has clearly established itself as a fixture and one of the leading central bank conferences in Latin America. In my brief introductory remarks, I offered an idea about a regional payments initiative for Latin America based on central bank digital currencies (CBDC) following similar regional initiatives in Europe and in Asia. It could provide a new approach to assess possible trajectories towards greater use of local currencies and financial and economic integration in the region. My comments were made against the background of the 80th anniversary of the Bretton Woods Conference. 19 out of the 45 participant countries at the conference were from Latin America. No region had more countries present at Bretton Woods. And yet, it has not quite brought the level of cooperation and integration to the region, the spirit of the conference intended to produce. Latin America does not trade very much with itself or invests in itself. Its currencies play almost no role in international transactions. It may make Latin America depend unduly on third countries, thereby being vulnerable to adverse geopolitical shocks and constrain the growth potential and relative attractiveness of the region. This may have many reasons. One could be that it is difficult to move money around in Latin America. If moving money around is difficult and if the monies being used are mostly foreign monies, it may impose undue disincentives to seek greater regional integration. Hence, I outlined an idea for a new project to advance international payments integration in Latin America using CBDC. CBDC has brought a new thinking and new approaches to cross-border and foreign exchange settlement. It could act as catalyst to promote the use of local currencies and attain greater diversification in the international monetary system. This would reduce undue reliance on a very small set of currencies and help shift the relative attractiveness of currencies enhancing choice and resilience in international payments. While the Bretton Woods spirit of cooperation may not quite have infused Latin America as it had Europe and now seeming increasingly Asia, a regional CBDC initiative may help offer a new perspective about regional integration in Latin America. You can find my prepared remarks at https://lnkd.in/emanh8R5 #cbdc #bis #IMF

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Mexican fintech albo secured a $60 million credit line from SixPoint Capital Management Mexican #fintech #Albo has secured a $60 million line of credit from #SixPoint Capital Management, positioning the company to reach profitability in the coming months. Under the leadership of CEO Angel Sahagun Fernandez and COO José de la Luz L., Albo plans to use the funding to enhance its credit products and expand its services to both personal and business customers. Since obtaining its Institution of Electronic Payment Funds (IFPE) license in May 2022, Albo's IFPE division has been profitable for three years. The new capital aims to make the entire Albo group profitable, including its financing subsidiaries. To bolster its credit offerings in the business segment, Albo has acquired firms like Delt.ai, enabling them to complement the services provided through their IFPE. Albo has historically issued $130 million in credit with low delinquency rates and currently serves over 3 million users, processing approximately $20 billion in transactions annually. The company has seen record growth in revenue over the past 12 months, highlighting its strong position in Mexico's rapidly growing financial market. According to the National Banking and Securities Commission (CNBV), consumer credit in Mexico increased by 15% in 2023. Focusing on underbanked segments often overlooked by traditional banks and other fintechs, Albo is committed to providing financial products to those who need them most. "We want to demonstrate that it's possible to build a solid company that endures for many years through profitability," emphasized CEO Ángel Sahagún. This latest funding underscores Albo's mission to offer accessible financial solutions and solidifies its role as a key player in Mexico's fintech landscape. The article on El Economista in the first comment.

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BBVA steps up its plans in artificial intelligence by signing an agreement with OpenAI. With this agreement, BBVA is once again ahead of the curve when it comes to embracing disruptive technologies that will impact the financial industry. Notably, it is the first European bank to forge an alliance with OpenAI, which will share its knowledge and unlock the full potential of the new tool at the bank.  

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If Latin America runs on WhatsApp, it’s fair to say Peru runs on Yape... Raimundo Morales is the CEO of Yape, the dominant fintech app in Peru and one of the biggest consumer fintechs in the world. For context, Yape has 16 million users in Peru, which represents 80% of the country’s total population. 65% of the country's adult population uses the app EVERY DAY. On average, they process 550+ million payments a month and are doubling in volume YoY. In this Fintech Leaders episode, we discuss: - The strategy that led them to onboard 65% of Peru’s adult population as daily active users in just eight years   - Yape was built within Credicorp (NYSE: BAP), a $14Bn company traded on the NYSE. How were they able to build a fintech disruptor within a large corporation?   - The road to building a super-app   - Why you should always set irrational goals; winning the war on cash… and a lot more! https://bit.ly/3XsISXy Special thanks to Gianfranco Ferrari, Francesca Raffo, and Milagros Cigueñas!

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We are proud to be part of this important global event, and we are excited to share our latest developments with all of you. See you there! #sialinspirefoodbusiness #sialparis #STI #profesionalservicefinancial #financiacion #financiamiento #financiar

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We must stop thinking the bank is an impediment and start thinking of it as an enabler. And here is where Kapital Bank comes in by providing efficient and affordable financial tech to SMBs.

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Adaptability and a growth mindset are essential to staying ahead in today's fast-paced tech world. 🚀 On the latest The Mentors Office Podcast episode, Wizeline CEO Andres Angelani shares his vision on how businesses can scale successfully, leverage AI, and build high-performing teams that deliver real value to clients. His perspective on the evolution of the service industry is a must-hear for leaders aiming to foster innovation and growth. 🎧 Tune in now to explore Andrés’ insights! https://ow.ly/tkM950TqWhS #Leadership #AI #BusinessGrowth #Innovation #TechLeaders

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One of the eye-opening books I have read this year is “The Fifth Discipline” by Peter Senge. In it, he presents the foundation of systems thinking, the optimal conceptual framework for addressing complex problems with multiple interrelated components, that is, all real-life problems. Senge expresses it as follows: 🔹”The tools and ideas presented in this book are for destroying the illusion that the world is created of separate, unrelated forces. When we give up this illusion—we can then build “learning organizations,” organizations where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, and where people are continually learning how to learn together. The key elements of a learning organization are: ➖personal mastery, ➖mental models, ➖shared vision, ➖team learning ➖systems thinking. I wrotte a post about “team learning”. It’s a topic that fascinates me, and although it’s not at all easy, it can be gradually implemented through nudges. I hope you find it as exciting as I do, and that together we can start building a culture of excellence in business that allows for human flourishing and the achievement of professional goals, two aspects that, I have no doubt, go hand in hand. Post below ⬇️⬇️⬇️⬇️ (english after spanish version)

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Investing in the #Caribbean? Responsible for #businessdevelopment in  #centralamerica? Interested in #highgrowth markets in the regions? Whether you need to make the right investment decisions and win more deals, or you need more market-moving #businessinsight. At Colibri Advisory, we are specialists in Caribbean and Central America business intelligence. How we can support you: * Working Across 37 Jurisdictions  * Business Intelligence * Trade & Regulatory Policy Analysis * Market Entry Research * Competitor Analysis * Operational Security Risks * Infrastructure & Logistics Analysis * Market Entry Strategies & Programmes  * Records Retrieval * Compliance & Due Diligence We will help you understand the local risks and how to mitigate them. Discover how we support our clients across diverse growth sectors. https://lnkd.in/eXB8mecQ [email protected] 0207 583 8739 #latinamerica #haiti #guyana #caymanislands #suriname #dominicanrepublic #barbados #guatemala

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🚀 Exciting news for the fintech ecosystem in Western Europe! Mastercard has announced 'Mastercard For Fintechs', a new program aimed at supporting fintech startups in countries including Belgium, France, Italy, Luxembourg, the Netherlands, Spain, and Portugal. What's included in 'Mastercard For Fintechs': 🤝 Participation in fintech events in Western Europe, fostering collaboration between fintechs and industry partners. 💻 Free and exclusive access to Mastercard's learning platform for fintechs. 🏆 Opportunity to participate in Mastercard's international fintech competition, aimed at identifying the most innovative fintechs shaping the future of payments in Western Europe. This program represents another step towards Mastercard's commitment to supporting fintech startups, helping them thrive and drive growth and innovation in the industry.

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Great discussion with Arnoldo, Omar, and Israel about the state of the fintech market in Latin America today. We talked regulation, investing, macroeconomics, and crypto, for a snapshot of where things are and where they're headed. A few takeaways... We are still in the first chapter of fintech in LatAm. The region's predominantly young population, high smartphone penetration, and lack of access to financial services make it an exciting place to be building. There are still fundamental problems that need to be solved, and we are only getting started. Regulation: it's complicated, but there's hope. Each country varies when it comes to regulation, with Brazil leading the way in terms of progress. A combination of success cases, like PIX, as well as more dialogue between fintechs and regulators, should make way for better regulatory frameworks in other major markets. Cross-border payments represent a massive opportunity - for both consumers (i.e. remittances, p2p payments) and businesses. International payments as well as intra-LatAm payments continue to be a major pain, but many fintechs are starting to solve this problem. Technologies like crypto are playing an important role here, and we expect to see sustained innovations in the coming years. Excited to see what the next few years bring! QED Investors #fintech #latam #crossborder #regulation

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