Nexu, the Mexican fintech that offers a financing platform for people looking to buy a car, has secured a Series B investment round of USD$20 million. This capital injection will be used to empower the startup. This Mexican fintech works directly with automotive dealerships to offer financing at the point of sale, which increases conversion rates and access to buyers who have not been considered or approved previously.
GoTo Financial, GoTo’s financial technology business unit, and Bank Jago, an Indonesia-listed technology-based bank, have launched GoPay Tabungan by Jago, a bank account for daily transactions that can be accessed directly via the GoPay and Gojek applications.
FinMaq’s unique approach focuses on providing funding for productive assets to individuals and SMEs in Colombia. Their primary mission is to promote financial inclusion and create a substantial social impact. They stand out for their efficiency; they can pre-approve and approve loans in under ten minutes and disburse funds in two days. By the end of the year, they plan to boost their team to 45 members, and by December, they aim to extend their services beyond Colombian borders, specifically targeting Chile and Peru.
ChatGPT-4o is the latest model released by OpenAI and available to all (including free) users. The “o” stands for “OMNI,” reflecting the model’s capabilities for voice and image as well as text. For marketing teams, this might mean one source for genAI capabilities rather than switching between LLMs and solutions specifically focused on visuals.