B89
“Can a Peru-born TechFin become Latin America's first true cross-border neobank by owning its Visa rails directly?”
Founded2019
HQLima, Peru
IndustryFintech / Neobank
The story
B89 was founded in 2019 in Lima as a tech-first neobank targeting cross-border financial needs in Latin America. Its strategic milestone was becoming the first Peruvian fintech accepted as a Principal Member of Visa, allowing it to issue cards directly rather than via a sponsor issuer. The 2024 MeaWallet partnership extends this card stack into push provisioning and tokenization for mobile wallets.
Last 12 months
Product timeline
2019
B89 founded in Lima, Peru as a TechFin focused on building Latin America's first cross-border neobank.· pivot
2024
Partnered with MeaWallet to enable advanced card tokenization for digital payments.· card
Regulated entities
1
regulatory licence held by B89
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in B89’s embedded-finance stack
Banking / BaaS
B89 (in-house, Visa Principal Member)
Card issuing
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.