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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.
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.
The web3 bandwagon really took off in 2021 and 2022 as entrepreneurs and investors both sought to make their mark in the nascent industry. Indeed, Argentina is a good example of a country where alternatives to fiat currency are looking more attractive, as buying U.S. But then again, neither would I if they were in Argentine pesos.
Today, more than two decades later, technology secular trends are stronger than ever before as we are experiencing an acceleration towards digitalization.”. The firm is industry agnostic, with Kazah saying it considers “any industry where technology is playing a transformational role.”.
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. .
Brazil’s agriculture sector is a $24 billion industry and Agrotools said it has analyzed over 4.5 Toward this vision, we just acquired a digital platform from Argentina to support the rural producer weather risk management and corporations risk assessment.”.
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. TradeBriefs: empowering Indian professionals through industry expertise and jobs.
The restaurant industry was thrown for a loop two years ago when the pandemic kept people at home. 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.” It also grew 10x to support 10,000 restaurants.
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).
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.
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. There needs to be diversity of solutions, different approaches, different strategies and even different preferences.”.
Indeed, portfolio includes companies in a range of industries such as fintech, enterprise/SaaS, proptech, insuretech, health tech, edtech, e-commerce, food tech, climate tech, biotech and blockchain. They include Nubank, QuintoAndar, Kavak, Creditas, NuvemShop, Bitso, Gympass, Notco, MadeiraMadeira, Loggi, Konfio, Technisys, Kushki and Cora.
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.
Mentum is out to change that in Latin America, and is working on customizable investment APIs and widgets so businesses in Latin America can build and offer fully digital investment products, like local mutual funds, ETFs and stocks, to their customers. The financial services industry is undergoing a massive transformation in Latin America.
trillion retail industry at a massive inflection point. That included $1 trillion flowing via e-commerce and the industry as a whole advancing five years in a matter of 12 months during the global pandemic. digital shopping companies in 2021, up from $23 billion in 2020. London & Partners and Dealroom.co
Argentina, France, India, or Kenya?&# But this is an important step for the nonprofit sector and its move into the digital age. Their experience comes from a digital perspective and there is no such thing as “we’ve always done it this way.&# My guess would be as accurate as anyone else at this point.
Argentina, France, India, or Kenya?&# But this is an important step for the nonprofit sector and its move into the digital age. Their experience comes from a digital perspective and there is no such thing as “we’ve always done it this way.&# My guess would be as accurate as anyone else at this point.
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.
As he pointed out, pricing in some fintech categories dropped almost 60% according to Pitchbook, and digital and crypto companies are down over 65%. “We This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru. Savana raises a fresh round of capital to digitize banks’ services.
The Series A is pegged for launching in the US (slated for Q1 this year) and the EU (Q2; where it’s eyeing Italy, France and Germany for starters), as well as expanding the product’s capabilities and feature-set with a focus on the buzz around Web3 and digital collectables. For now, Twig accounts are only available in the UK.
But while global experts search for solutions to bridge the worsening digital divide for women, it turns out the answers are at our fingertips. It’s time to take a closer look at how we can boost the feminine digital revolution—a revolution that is already underway.
DST must fulfill permitting requirements to operate in China, including securing a license from the Ministry of Industry and Information Technology (MIIT),” Apple said in a letter to OpenCat, a native ChatGPT client. We’re very excited for the impact they’ll have here at OpenAI,” OpenAI wrote in a brief post published to its official blog.
But its results provide a fascinating look inside the digital commerce and financial technology industries in a wealth of Latin American countries, making its results, and investor response, incredibly important. Mercado Libre, a Latin American e-commerce and fintech company, went public in 2007, making it an older public company.
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