US EditionRevolut Set to Acquire BNP Paribas' Cetelem in Argentina
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3 Articles
Revolut Set to Acquire BNP Paribas' Cetelem in Argentina
UK-based fintech powerhouse Revolut is set to expand its footprint in Latin America with the acquisition of BNP Paribas’ consumer finance arm, Cetelem, in Argentina. The move, reported by Bloomberg, marks a significant step in Revolut’s strategy to strengthen its presence in emerging markets by tapping into established local financial platforms. This deal underscores the growing momentum of digital financial services in the region and highlights…
Where six years ago Nubank saw obstacles that led him to withdraw months from his landing, Revolution sees opportunities today.The British neobank confirmed the acquisition of Banco Cetelem Argentina, owned by BNP Paribas, and arrives in the country at an advanced stage of development, with more than 50 million users in the world and a variety of products ranging from crypto to exchange of currencies and cross-border shipments.It is a fundamenta…
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