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Skyrocketing inflation and high unemployment have sent half a million people in Argentina to Worldcoin's Palantír-like Orbs. The company says the iris-scanning technology can establish an individual's identity, at which point a digital World ID is created that can be used pseudonymously in a wide variety of everyday applications.
The Argentina-based fraud and identity protection company announced $12 million in Series B funding Monday from backers including software developer, Globant, as well as Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica. Globant provides software development to the likes of Google, Disney and Apple.
2020's only total solar eclipse will occur this Monday, plunging parts of Chile and Argentina into darkness for a couple of minutes in the middle of the day.
Digital House , a Buenos Aires-based edtech focused on developing tech talent through immersive remote courses, announced today it has raised more than $50 million in new funding. Riverwood Capital, a Menlo Park-based private equity firm, and existing backer early-stage Argentina-based venture firm Kaszek also participated in the financing.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,
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.
Indeed, Argentina is a good example of a country where alternatives to fiat currency are looking more attractive, as buying U.S. But after Argentina’s economy minister abruptly resigned earlier this month, the informal “blue dollar” exchange rate reached a record 273 Argentine pesos for 1 dollar.
Disney is set to launch its standalone Star+ streaming service in Latin America in August, but Starz has filed complaints in Mexico, Brazil, and Argentina alleging Disney is infringing on its brand identity and that the soon-to-launch service will only confuse consumers. Disney did not immediately respond to a request for comment.
Treggo , an Argentina-based company, is among companies like 99 Minutos , Cubbo and Cargamos tackling the last-mile deliveries. In Treggo’s case, developing technology to make urban shipments in Argentina, Mexico and Chile easier and for merchants of any size can provide an Amazon-like service for their customers.
Today, more than two decades later, technology secular trends are stronger than ever before as we are experiencing an acceleration towards digitalization.”. It has people on the ground in its home base of Brazil as well as Mexico, the United States, Argentina and Uruguay. . “We
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.
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.
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.” Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil.
Startups in this class come from far and away, including Argentina, Austria, Australia, Brazil, Croatia, Denmark, India, Japan, Italy, Latvia & Estonia, Spain, and Taiwan. Instamojo: marketplace to sell your digital creations with just one click. Hunie: community for designers to help them get feedback from their peers.
Latin America is home to a growing base of digital users, enabling regulation and reforms, and vibrant small businesses. The next two funded fintech categories are credit and digital banking. Investors are enthused about the future of insurance, payments, and digital banks. Image Credits: Briter Bridges & Catalyst Fund.
Only 19% of Latin American adults own a credit card, and 70% of credit cards in Brazil, Argentina and Chile can’t be used internationally. So if one-click checkout startups are struggling to make headway against incumbents in the single-currency, highly digitized and concentrated U.S.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Then in 2020, the company issued Futecoin, the world’s first digital asset based on FIFA’s solidarity mechanism. . “We billion, ranking it among the top 10 unicorns in Latin America. .
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.
It is currently focused on Mexico, Brazil, Argentina and Chile. Latin America’s digital transformation is making up for lost time. “We’re more similar to The Hut Group in the EU.”. Merama expects to sell $100 million across the region this year, more than two times the year before.
We profiled the company in 2021, about seven months after the company first launched to acquire digital brands in the MercadoLibre and Amazon ecosystem. Malek explained that the model didn’t pan out, noting the company “found it challenging to identify successful digital brands in that range.”
Merama , which acquires or launches Latin American digital brands, hit a $1.2 Aside from acquiring digital brands, the company launches its own as well as developing automation and scalability tools to help them grow across Latin America. The latest funding will enable the company to expand into Argentina and the United States.
It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. The firm also says it has participated in “significant value uplift” for portfolio companies, including 4.4x each for Kavak and VTEX; 2.6x for QuintoAndar and 3.5x for Banco Inter (as of June 30).
Google’s News Showcase, a program wherein the search giant pays to curate news content from publishers, has launched in the UK and Argentina. will start curating content for News Showcase, many of them local newspapers that do not have the same resources that many larger, national papers have to invest in their digital transformation.
Winners will each receive one digital conference registration to the digital 2021 Tableau Conference (ARV: $0); (b) gift certificate to the Tableau Store (ARV: $200); and (c) qualification to participate in the finals. The fine print. NO PURCHASE NECESSARY. Odds of winning depend on number and quality of eligible entries.
The global growth of these digital currencies and their applications in emerging markets have savvy financial services investors like the firm QED Investors (founded by the masterminds behind Capital One) intrigued. A visual representation of digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin.
The company’s Workforce Optimization platform works as a layer on top of customer service center management tools like Zendesk and Salesforce Service Cloud, allowing management to monitor digital channels and give customer service agents feedback to help them do their jobs better.
posted by Chelsea Brzezinski ASU Lodestar Center Digital Content Specialist. The nonprofit sector is ever-changing, and in this digital age it is now opening its arms to a new way to accept donations : through the blockchain and cryptocurrency. Cryptocurrency is often described as digital money or gold, stored in a virtual wallet.
The latest such company in Latin America is São Paulo-based Dock , which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. Meanwhile, its number of active digital banking accounts climbed by 380% year-over-year.
The Plenary content was a creative jigsaw puzzle, a creative collaboration curated by Derek Humphries and hosted by Marcelo Iniarra , from Argentina. The first speaker was Keith Jenkins who is the digital manager for National Geographic.
Both Zeoli and his co-founder, Patricio Palladino, live in their home country of Argentina, which has experienced significant volatility and devaluation of its currency, Zeoli said.
Founded in mid-2019, Mudafy operates with a typical digital brokerage model — aiming to make it easier for people to buy and sell their homes and serve as a “one-stop shop” in the process. It’s worth noting that other Latin American digital brokerages such as Loft and QuintoAndar have conducted layoffs this year.
Then COVID hit, and obviously, as Mangum puts it, digital selling became much more real. Its developers are based in Argentina, for example. . “As So they set about creating a better way for presales, solution architects and sales engineers to manage their day-to-day technical sales activities. San Francisco-based Hub was born.
CEO Juan Gavito, who was previously in digital advertising, and Garay have backgrounds in private equity and venture capital, while Santiago Gavito was scaling startups. That has enabled Quinio to realize double-digit growth each month so far.
The pandemic accelerated the use of digital payment solutions globally, but especially in Latin America, noted Núñez Castro. He returned to Argentina and explained the idea to a few of his colleagues, who also were fascinated and became his co-founders. The bootstrapped are coming, the bootstrapped are coming.
Winners will each receive one digital conference registration to the 2022 Tableau Conference (ARV: up to $2,000); (b) gift certificate to the Tableau Store (ARV: $200); and (c) qualification to participate in the finals. The fine print. NO PURCHASE NECESSARY.
The firm’s most notable exit is digital bank Nubank, which it first invested in during the pre-seed round “when the company was merely a PowerPoint presentation,” said co-founder and managing partner Nicolas Szekasy. That company went public on the NYSE in December 2021.
Patiño said that 80% of their revenue comes from Argentina, and the capital resources will help them grow their 21,000 student base to other countries. Partner Esteban Sosnik explained how Coderhouse’s strategy is a response to LatAm’s talent bottleneck, as digital momentum in the region continues and roles change. based edtech firm.
Winners will each receive one digital conference registration to the 2022 Tableau Conference (ARV: up to $2,000); (b) gift certificate to the Tableau Store (ARV: $200); and (c) qualification to participate in the finals. The fine print. NO PURCHASE NECESSARY.
Latest global social, digital, mobile data for ya : his report presents all the key statistics, data and behavioural indicators for social, digital and mobile channels around the world.
Nicolás Giménez , the co-founder of Argentina-based startup Fidu , has convinced over 1,000 schools across the Latin America region to place their operations in the hands of a scrappy edtech startup. That said, digital growth could be threatened by slowing venture activity in the region, recent data shows. .
DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users. Eventually, Strauss hopes to expand the product across the LatAm region to businesses in Uruguay, Peru, Argentina and other countries that face similar challenges.
Bloomberg Philanthropies has announced a $31 million investment in the Partnership for Healthy Cities and the addition of six cities to the initiative to create safer and healthier urban environments: Bucharest, Romania; Cairo, Egypt; Córdoba, Argentina; Dublin, Ireland; Greater Manchester, United Kingdom; and Warsaw, Poland. Read more.
RecargaPay originally had operations in various Latin American countries, such as Argentina, Chile, Colombia, Mexico, Peru and Brazil, as well as in Spain and the U.S. Teijeiro explained that RecargaPay and Nubank, LatAm’s largest digital bank, are not direct competitors, but rather operate in the same ecosystem.
According to the Inter-American Development Bank, over the next 10 years, digitized public services alone could stimulate 5.7 Imagine the impact on GDP if companies invested in improving digital inclusion, as well — consumers could gain access to online goods and services, and more people could start 100% digital companies.
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