Banker introduces bankless banking systems in Latin America
Conductor, a Brazilian Banking-as-a-Service (BaaS) provider, is making strides in the Latin American market. The company, which currently operates mainly in Brazil, has seen strong growth potential in Colombia and has now set its sights on Mexico for expansion this year.
As the leading card issuing software platform in Latin America, Conductor offers a modular system that allows organisations to scale and bring services in-house over time. This system has been instrumental in the company's success, enabling it to cater to a wide range of clients, including those too small to start their own banks.
The majority of Conductor's clients rely on the company's own banking licenses, a testament to the trust placed in the Brazilian firm. Conductor's recent funding round of $170m at the end of last year is a reflection of this trust and the faith investors have in the company's growth potential.
Antonio Soares, the CEO of Conductor, leads the company's charge in the Latin American market. Under his leadership, Conductor has seen significant growth and is now poised for further expansion. The exact details of Conductor's main clients who utilise the company's banking licenses are not publicly available.
Conductor's eyes are set on more than just Mexico. The company sees big potential in other Latin American countries and is likely to continue its growth trajectory in the region. As the BaaS market continues to evolve, Conductor is well-positioned to lead the way in Latin America.
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