13M

Prometeo, a startup out of Uruguay building channels to enable open banking across Latin America, is today announcing that it has picked up $13 million in funding to expand its business. A lot of open banking these days focused on national rollouts — not least because banking conventions and regulations are often very localized. (It’s not the only company that believes that open banking has a big role to play in financial services in the future: last year, the open banking startup Ivy raised funding specifically to expand to Latin America; and Christine wrote here extensively on Finerio, an ambitious open banking startup out of Mexico. More recently, last year it led a $14 million round into nocnoc, a Latin America cross-border commerce specialist. It also owns the point-of-sale payments company Zettle, which has been making very big inroads into Latin America for years now.