Nvidia Develops New Location-Verification Technology for AI Chips 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Uruguay-based fintech infrastructure firm Prometeo has successfully raised $13 million in Series A funding, signaling a robust endorsement of its mission to broaden its multi-banking data and payments services across Latin America.
The funding round was spearheaded by Antler Elevate, with notable participation from new investors such as PayPal Ventures and Samsung Next. Additional support came from partners associated with DN Capital, alongside existing backers, including Cometa and Magma Partners.
Unified Access to Banking Data Across Latin America
Prometeo's embedded banking software platform is at the forefront of simplifying and automating client access to banking information and payments.
This service extends across a network of more than 283 financial institutions spanning 10 countries in Latin America. Leveraging a single, unified API, the platform aims to facilitate seamless connectivity for clients globally, enabling them to swiftly and securely engage with the Latin American financial landscape. The overarching goal is to minimize friction and reduce operational costs for users.
Strategic Backing From Industry Giants
Antler Elevate's leadership in the funding round signifies a strategic alignment with Prometeo's vision for fintech expansion in the region. Notably, including new investors, PayPal Ventures and Samsung Next bring influential players into the fold.
Samsung's established presence as the dominant smartphone vendor in Latin America complements Prometeo's objectives, while PayPal's prior investment in MercadoLibre underscores its interest in the regional e-commerce landscape.
According to Finextra, the Series A funding injection positions Prometeo for substantial growth as it works towards enhancing its embedded banking solutions.
The company's commitment to simplifying cross-border financial interactions aligns with the broader trends of digitization and financial inclusion in the evolving Latin American market.
According to Telecom Paper, this will also help boost emerging technologies and make fintech a safer and more reliable business. As Prometeo expands its footprint, the infusion of funds from reputable investors signals confidence in the fintech's potential to reshape the financial landscape in the region.
Photo: Babak Habibi/Unsplash
