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The fintech company has raised $434m in its U.S. initial public offering, selling 22.8m shares at $19 each, the high end of its target price range. The IPO is happening at a moment when the Latin American FinTech space is enjoying a resurgence of funding, particularly from venture capital.
“The shift is structural rather than cyclical,” PYMNTS added. “The report found that experts predict that by 2030, digital payments will account for roughly two-thirds of eCommerce transaction value and nearly half of point-of-sale value across the region, reflecting sustained changes in consumer behavior rather than short-term substitution.”
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