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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. Cards have an estimated payments volume of $900 billion per year, and yet 95% of these transactions are being processed by local incumbents, asserts Pomelo. 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.
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.
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.
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. Local payment methods account for 68% of online sales, and, depending on the region and merchant networks, merchants must integrate dozens of payment service providers.
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. .
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.
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.
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. All in all one of the most amazing experiences I ever had.
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.
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. E-commerce is expected to grow another 30% this year, Juan Gavito 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. Latin America’s slowing VC market hides local strength.
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 products are also compliant with local regulations.
For example, Viguera told TechCrunch that some gig-economy companies in Latin America are issuing their own cards that allow workers to cash out at small local shops. But it’s seeing “a lot of opportunity” in other markets in Latin America, especially in Chile, Peru and Argentina, Viguera told TechCrunch. “In
In addition, Parallel18 released a talent app for freelancers, students and professionals to find and apply to work with local international startups. According to the Inter-American Development Bank, over the next 10 years, digitized public services alone could stimulate 5.7
Marietti, who is from Argentina, was working in food tech and saw that modern delivery services were only able to offer limited food options and pricing, and was a trade-off between convenience and variety. The company has now raised a total of $70 million since its inception in 2018. CookUnity founder Mateo Marietti.
where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 USD) — many people must buy calling cards at local shops to add credit to their phones, which allows them to avoid a monthly recurring bill. Unlike in the U.S.
The latter incident is also subject to a lawsuit by an Irish digital rights group that’s challenging the DPA’s enforcement finding that there was no security breach.) Mass data scraping of personal information can constitute a reportable data breach in many jurisdictions.”
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 The startup says it will also continue to grow its local presence and team in EMEA. This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru.
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. The women I work with every day are ready.
based company to stop processing locals’ data. The local radio, TV and internet awareness campaign has a slightly more generous timeline of May 15 to be actioned.) We’re very excited for the impact they’ll have here at OpenAI,” OpenAI wrote in a brief post published to its official blog.
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