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Pomelo raises $9M to build a payments infrastructure for LatAm fintechs

TechCrunch

The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exception. He is also a third-time founder with two exits (one to TripAdvisor) and former CEO of Naranja X, Argentina’s largest neobank, with millions of customers. Next, the caliber of Pomelo’s investors.

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5 investors explain why Latin America is poised to weather the crypto winter

TechCrunch

But Latin America stood out thanks to its comparatively high crypto adoption: According to Kim Grauer, head of research at Chainalysis, Latin America has consistently captured between 8% and 10% of global cryptocurrency activity. Multiple exchange rates also coexist in Argentina, some of which are artificially disadvantageous.

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Brazil’s Nuvemshop raises $500M at a $3.1B valuation months after last raise

TechCrunch

The company’s platform serves more than 90,000 merchants across Brazil, Mexico, and Argentina, ranging from direct-to-consumer (DTC) upstarts to more established brands such as PlayMobil, Billabong, Colombraro, Zaira Beauty, Osram, Lolja, Vitabe and StrappyCo. Latin America’s digital transformation is making up for lost time.

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Andreessen, Atlántico, MAYA Capital add some dough to Fudo’s restaurant tech recipe

TechCrunch

In Fudo’s case, the Argentina-based company offers a web-based restaurant operating system and point-of-sale software that brings together a restaurant’s operations into a centralized “hub.” That independent restaurant customer, most likely adopting restaurant operation technology for the first time, is who Fudo is targeting.

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SoftBank commits $3B more to investing in Latin American tech companies

TechCrunch

It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. SoftBank will continue to drive technology adoption that will benefit hundreds of millions of people in this part of the world,” he said. each for Kavak and VTEX; 2.6x for QuintoAndar and 3.5x for Banco Inter (as of June 30).

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Skydropx taps new funding to expand logistics automation across Latin America

TechCrunch

Across Latin America, e-commerce purchases are expected to grow by double-digits annually by 2024. The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. Anyone purchasing something online has had that one instance where the delivery method failed.

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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

TechCrunch

The pandemic accelerated the use of digital payment solutions globally, but especially in Latin America, noted Núñez Castro. In Latin America, all markets are moving toward a more open acquiring model, but each individual country is at varying levels of adoption. The bootstrapped are coming, the bootstrapped are coming.

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