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Argentina's president retracts memecoin endorsement after insider cash-out triggers 95% crash

TechSpot

The saga began when Milei, known for his crypto-friendly stance, took to social media to promote $LIBRA, touting it as a project dedicated to encouraging the growth of the Argentine economy by funding small local businesses. His post on X acted as a catalyst, propelling the token's market capitalization to. Read Entire Article

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Newtopia closes first fund of $50M to invest in LatAm startups

TechCrunch

The group has already invested in startups in Mexico, Brazil and Argentina, including Aleph (B2B SaaS for e-commerce), Apperto (social commerce), Choiz (healthtech), Exactly (DeFi), Elevva (e-commerce brands), Inipay (fintech), Leef (sustainability), Wibson (e-privacy) and Yerbo (wellness). We aim to help entrepreneurs in those stages.

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clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in LatAm

TechCrunch

E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years , the current consumer demands to receive orders on time and packaged correctly will only increase. That demand has enabled clicOH to grow quickly since launching its current business model in 2020.

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Tiger Global, YC back Rebill’s subscription payment platform for Latin America

TechCrunch

Rebill , an Argentina-based startup, raised $3.6 CEO Nahuel Candia got the initial idea for Rebill in 2018 when he was consulting for an insurance company in Argentina. Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies.

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Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

TechCrunch

With more people in Latin America getting used to making purchases digitally, the company has experienced a major surge in business over the past year. Nuvemshop has seen the number of merchants on its platform surge to nearly 80,000 across Brazil, Argentina and Mexico compared to 20,000 at the start of 2020.

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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation

TechCrunch

Kavak , the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. When you’re building a business here [Latin America], you need to build several businesses because so many things are broken,” he said.

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

TechCrunch

Pomelo’s goal is to solve the problem by creating a new generation of financial services infrastructure that allows companies to build a fintech business and launch cards “much faster” throughout Latin America. It takes over 12 months for a business to spin up a plastic or digital card for itself. incumbents. “It

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