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Why it’s not easy to break into the Brazilian tech market – a chat with Boo-box’s Marco Gomes

The Next Web

In the run-up to the conference, we caught up with Gomes to find out about what it’s like to do business in Brazil, how foreign companies should approach the market, and what we can expect from his talk. What characterizes the Brazilian online advertising market compared to other markets such as the US? What works best there?

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Payments, lending and neobanks rule fintechs in emerging markets, report says

TechCrunch

Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. Let’s dive in.

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

TechSpot

His post on X acted as a catalyst, propelling the token's market capitalization to. 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. Read Entire Article

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For LatAm payment orchestration startups, market fragmentation is a blessing in disguise

TechCrunch

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. market, it might seem impossible for a payment orchestration startup to succeed in the fragmented markets of Latin America.

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Spotify says it’s dominating the podcasting market because of a million-plus tiny podcasts

The Verge

Spotify says Anchor’s top five markets in 2020, by total number of shows, were the US, Brazil, Indonesia, Mexico, and Great Britain. Meanwhile, the fastest-growing markets, looking at the average monthly increase in new shows, are India, Mexico, Brazil, Argentina, and Indonesia. Spotify itself had another big podcasting year.

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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).

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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. We were built to solve emerging market problems,” García said. This round more than triples their previous valuation of $1.15

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