Banorte to acquire a 44.28% stake in RappiCard for $50m.

Banorte, a banking and financial services holding company, agreed to acquire a 44.28% stake in RappiCard, a financial services company, for $50m. "This transaction aligns with GFNorte's integrated digital strategy, which is focused on leveraging the business and technological scale to increase profitability through cross-selling, powered by hyper-personalization. Through GFNorte, Banorte, TDF and its affiliates will continue to offer its extensive and innovative financial products offering to Rappi's broad base of young users and individuals who are tech-savvy and comfortable in the digital world," Banorte.