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Chile-based Kredito raises $4M to help businesses get loans

TechCrunch

In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. Today, Chile-based Kredito announced a $4 million pre-seed round. However, the business banking space seems like it’s also undergoing some changes.

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NotCo gets its horn following $235M round to expand plant-based food products

TechCrunch

NotCo , a food technology company making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 This funding round follows an undisclosed investment in June from Shake Shack founder Danny Meyer through his firm EHI. Brazil, Argentina, Chile and Colombia.

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Traveling the world, meeting startups: What We learned

The Next Web

The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups. Startups are aiming for a global, not local market.

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Henry picks up cash to be a Lambda School for Latin America

TechCrunch

To make the school more affordable, Henry looks to take on the same strategy used by Lambda School, a YC-graduate that has raised over $122 million in known funding: income-share agreements. Henry, alternatively, focuses on Spanish speakers, over 60% of its market in Latin America. Now, VCs are giving Henry some cash to do so.

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Kushki, an Ecuador-based fintech, raises $86M to build financial infrastructure in Latam

TechCrunch

Some of the functionalities they build enable both local and cross-border payment players in credit and debit cards, bank transfers, digital cash, mobile wallets, and other alternative payment methods. “We The company, which was founded in 2017, already has operations in Mexico, Colombia, Ecuador, Peru, and Chile.

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Instant grocery delivery startup JOKR bags another huge round to enter unicorn status

TechCrunch

The company took in $260 million in Series B, just five months after raising $170 million in Series A funding that was led by GGV Capital, Balderton Capital and Tiger Global Management. On the fresh side, we are increasing our offerings across geographies and becoming more personalized than the alternative grocery store.”.

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SIMULATE targets restaurants with new simulated chicken products

TechCrunch

Alternative protein startup SIMULATE , known for its NUGGS and TENDERS, is introducing two new versions of its plant-based, simulated chicken product aimed at restaurants. We last profiled SIMULATE back in 2021 when it raised $50 million in Series B funding , which valued the company at $260 million. Nuggs creator Simulate raises $50M.

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