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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
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.
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. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020.
The remote-first fintech started in Argentina and has since launched operations and offices in Brazil and Mexico with plans to also expand to Chile and Colombia. In Argentina, it was granted a Mastercard and payments license. Why global investors are flocking to back Latin American startups.
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.
The legacy then of the offline local markets stalls the development of industries that are primarily online and focused on regional or global markets. To get there, however, local tech entrepreneurs need to share skills, ideas, know-how, and market knowledge. Marshall McLuhan wrote that “we shape our tools and then they shape us.”
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. 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.
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. Nuvemshop currently operates in Mexico, Brazil and Argentina. This requires an on the ground local knowledge to make it all work. The proof is in the numbers.
The Latin American startup market, once among the hottest in the world , is cooling. But its slowdown is far from uniform; some countries are surviving the downturn far better than others, data reveals.
Investors should bring a local strategy that makes them an asset to Latin America’s startup ecosystem. For instance, e-commerce giant MercadoLibre launched in Argentina around the time eBay was emerging. However, much of this investment comes from local and regional investors. Investors should look for younger markets.
For instance, volatility is less of a deterrent to crypto adoption in countries such as Argentina, where legal tender isn’t exactly reliable. When its economy minister resigned on Twitter on July 2, everyone knew that the local currency would plummet against the dollar.
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.
Riverwood Capital, a Menlo Park-based private equity firm, and existing backer early-stage Argentina-based venture firm Kaszek also participated in the financing. Fifty percent of its business comes out of Brazil, 30% from Argentina and the remaining 20% in the rest of 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.
The Argentina-based, yet fully remote, startup was founded in 2019 — just a few months before the pandemic. Most software vendors are small or medium-sized local vendors, who have not crossed into other Latin American geographies, Taneja pointed out.
The statement explains that it happened during a software update, but the company claims it only affected a small number of users: just 712 people across the US, Canada, Mexico, Cuba, New Zealand, Australia, and Argentina. All of our user video data is stored locally on the users’ devices.
The startup currently offer users integration to local banking in the U.S. brokerage operating in Latin America, it can offer global equities while operating in several countries without requiring local licenses, unlike most local offerings in the region, the investor points out. Image Credits: Vest.
Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Kodland’s remote courses for children aged 6-17 are currently available in the U.K., Ireland, the U.S.,
Bitso says its “global-minded” product offerings fit the needs of local customers in Mexico, Argentina and now Brazil, where it just launched its retail operations. Bitso’s customers rely on the technology for everyday uses from receiving remittances to engaging in international commerce.”. Image Credits: Bitso.
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.
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. It is focusing on localized content as an initial moat, but long-term it thinks that employers need a simple way to track employees as they learn, retain and engage with new skills.
In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. So what exactly has driven so much growth for Mercado Bitcoin?
SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – All Final Settlements to be taxed as per local requirement. According to a source, the majority of the layoffs will come from the company’s Dubai and Pakistan offices.
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
It will hire for its engineering and product development centers in the United States, Eastern Europe and India, and add new centers in Ukraine, Portugal, Greece, Mexico and Argentina. The company’s last round of funding, an $7 million seed, was announced just eight months ago.
The startup — also backed by Y Combinator — touts that its site features over 50,000 listings and has more than 1 million monthly unique active users in Argentina and Mexico. Latin America’s slowing VC market hides local strength.
The Plenary content was a creative jigsaw puzzle, a creative collaboration curated by Derek Humphries and hosted by Marcelo Iniarra , from Argentina. The stage had a 22 meter screen with side screens that had a camera on the speaker and full tech team at the back of the house. All in all one of the most amazing experiences I ever had.
The company will also expand its staff — at 33 people today — to over 100 by the end of next year as it begins looking for brands outside of Mexico in Chile, Colombia, Brazil and Argentina. E-commerce is expected to grow another 30% this year, Juan Gavito said.
Waze is also closing offices in countries like Malaysia, Singapore, Colombia, Chile, and Argentina, as it seeks to bring more focus in countries where its business is growing. We will continue servicing these countries via increased investments in Waze Local Starter, supported by our SMB teams in our main sales hubs.
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.
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.
These critters already operate at peak performance, reliably producing nitrogen, phosphorus or performing other tasks at rates or under conditions that local microbes balk at or tire out quickly in. In this case, however, there isn’t even the need to activate latent genes or tweak the processes.
In addition, Parallel18 released a talent app for freelancers, students and professionals to find and apply to work with local international startups. Giving local populations more opportunities to start small online businesses would stimulate new income streams to support their families and communities.
Outside of Brazil, it has operations in Mexico, Peru, Chile, Colombia, Argentina, Ecuador and the Dominican Republic. Presently, the company has 1,936 employees, with offices in São Paulo, Rio de Janeiro and Mexico City. Dock is now the biggest, most modern fintech partner available in Latin America.
Notably, Italy’s privacy watchdog slapped ChatGPT with a local stop-processing order earlier this year — which led to a brief break in service while OpenAI rushed out with disclosures and controls. Mass data scraping of personal information can constitute a reportable data breach in many jurisdictions.”
Co-founder Sacha Michaud believes these markets are currently underserved, and Glovo has found the right opportunity to work with local restaurants, bringing them online to reach new customers in a bid to “make everything, within all towns and cities, available to everyone.” million people.
.” Samira and Astro co-launched Astro as Austin Software in 2018 in an effort to overcome these roadblocks to recruiting developer talent in Latin America, specifically countries like Colombia, Chile, Argentina, Uruguay and Mexico. Samira — while declining to give Astro developers’ average salary compared to U.S.
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. -based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC.
Ouagadougou, Burkina Faso: Monthly Meeting of Local Members. CABA, Argentina: El Festival de Innovación y Tecnología Social. Friday, June 12, 2015. Yaoundé, Cameroon: Information and Communication Technologies for Development. Tuesday, June 16, 2015. Abidjan, Ivory Coast: Abidjan NetSquared Group Monthly Meetup.
There are digital literacy trainings for women springing up in Bangladesh, Internet cafés for women opening doors in Argentina, and women leaders in Kenya prototyping mobile apps that send out alerts if a woman’s safety is threatened. At World Pulse we trust that local women community leaders will reveal the way forward.
Our app caught fire on the Russian AppStore and we hurried to localize the app’s user interface as well. Later, we used Fiverr translators for the German and French localizations ($5 each) and ran it by some native speaking friends to make sure all is well. If you do that, it will be a major headache to localize later.
Moving from A to B in Uno, Dos, Tres : Christine reports how Argentina-based startup ClicOh raises $25 million to bring Amazon-level logistics to e-commerce businesses in LatAm. based company, which has a database of over 20 billion facial images, was grabbing them and using them without permission in a breach of local privacy laws.
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.) The DPA has given OpenAI a deadline — of April 30 — to get the regulator’s compliance demands done.
Then I stumbled upon The Great Good Place while browsing in my local library. is more germane to public civility than is the third space which is useful in local community building. iii] “One Meter Square” in Sacco, Graciella, M2 , Museo Castagnino + MACRO, Rosario, Argentina, 2009. [iv] New York: Cooper-Hewitt Museum.
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