TechCrunch

JUNE 1, 2021

Its more than 300 clients include 10 unicorns, two out of the three biggest banks in Brazil and companies such as iFood, Claro, Cielo, Loggi, Ebanx, QuintoAndar and OLX, among others. The more digitized companies become, the more client expectations grow — and market competition grows stronger,” Ando said. Image Credits: idwall.

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TechCrunch

JULY 28, 2021

Nubank co-founder and CEO David Velez and Cedar co-founder and CEO Florian Otto (and former CEO of Groupon in Brazil) also joined in the round. million to bring healthcare benefits management services to Brazil. In the medium to long term, Mitchell said the team views Pipo as a local business rather than a global one.

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TechCrunch

OCTOBER 27, 2021

billion in capital, with investors such as Sequoia Capital, Tencent, Ribbit Capital, Kaszek, QED Investors and others, At that time, Nu had 40 million users across Brazil, Mexico and Colombia. Its sheer number of users makes Nubank the largest digital bank in the world in terms of customers. Since its 2013 inception, Nu has raised $2.3

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TechCrunch

APRIL 5, 2021

Cora , a São Paulo-based technology-enabled lender to small-and-medium-sized businesses, has raised $26.7 Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team. Last year, Cora got its license approved from the Central Bank of Brazil, making it a 403 bank.

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TechCrunch

JUNE 30, 2021

Over the past year, there has been a surge of newly formed digital banks aimed at specific demographics. The latest such neobank to emerge is New York-based Daylight , which describes itself as the first LGBTQ+ digital banking platform in the United States. There is a digital bank in Brazil with a similar mission called Pride Bank ).

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TechCrunch

FEBRUARY 3, 2022

The company’s self-proclaimed mission is to promote financial inclusion by expanding the digital payments ecosystem in Colombia. . Bold, according to Vélez, provides low-cost payment terminals that enable businesses to accept link payments and other local payment methods with no monthly point-of-sale fees. .

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TechCrunch

OCTOBER 15, 2020

Over the last five years, Brazil has witnessed a startup boom. The main startups hubs in the country have traditionally been São Paulo and Belo Horizonte, but now a new wave of cities are building their own thriving local startup ecosystems, including Recife with Porto Digital hub and Florianópolis with Acate.

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TechCrunch

DECEMBER 9, 2021

Merama , which acquires or launches Latin American digital brands, hit a $1.2 The investment follows a $225 million Series B investment , announced in September, that put the Mexico- and Brazil based-company at an $850 million valuation. At the time, the company touted it as “the largest Series B round ever raised in Latin America.”.

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TechCrunch

APRIL 8, 2022

Truora participated in Y Combinator’s Winter 2019 cohort and soon after expanded into digital identity and authentication technologies. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. Eventually, it also wants to expand further in Brazil. That March, it raised $3.5

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TechCrunch

MARCH 23, 2021

Buying and selling residential real estate is a complex business, no matter where you live. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater. The region has seen explosive growth as of late , with a maturing startup scene in Brazil in particular.

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TechCrunch

JUNE 14, 2021

At the time, Brazil didn’t have ownership restrictions on this product segment like it did with banking, but new rules were coming into force in just a few months in May 2014 that would block a company like Nubank from launching. Launching with just a credit card was both a strategic and practical business decision.

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TechCrunch

MAY 17, 2021

Digital banks have enormous potential in the region. Today, a newly launched one, Telda is announcing a $5 million pre-seed round to digitize how Egyptians save, send, and spend money. However, a fter his experience using N26 while visiting a friend in Berlin in 2015, his eyes opened to the possibilities of digital banking in Egypt.

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The Verge

JANUARY 21, 2021

The ACCC believes the proposed law addresses “a significant bargaining power imbalance between Australian news media businesses and Google and Facebook.” Australia doesn’t seem to think that’s enough, though.

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TechCrunch

AUGUST 24, 2021

Cora , a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital. Last year, Cora got its license approved from the Central Bank of Brazil, making it a 403 bank. Our business must gain trust in order to gain volume.

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TechCrunch

MAY 19, 2022

When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in his country. “I “We are the biggest player for payroll loans in Brazil, competing with big banks already,” Conrade said.

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Beneblog: Technology Meets Society

JANUARY 9, 2013

In this second installment of the three-part blog series (the first one is here ) on Bookshare International, I’m excited to share some of the ways in which our Bookshare library is part of the latest trends in the digital publishing world and is thus going deeper and serving many more people.

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TechCrunch

DECEMBER 23, 2021

The round was co-led by Brazil-based Echo Capital and Oria Capital , with participation from TPG Capital , Argonautic Ventures , and others. Talking to TechCrunch, Balbinot explained that the startup plans to use the proceeds to boost the digitization arm of its business, for which it sees a strong need across Latin America.

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TechCrunch

MAY 12, 2021

Divibank , a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 The company has built a data-driven financing platform aimed at giving businesses access to non-dilutive capital to finance their growth via revenue-share financing. Customers include Dr. Jones, CapaCard and Foodz, among others.

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TechCrunch

MARCH 22, 2021

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. billion in 2023. “In

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TechCrunch

MAY 27, 2021

Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. Ribbit Capital Partner Nick Huber said Quintoandar has over the years built “a unique and trusted brand in Brazil” for those looking for a place to call home.

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TechCrunch

OCTOBER 5, 2021

Keeping a small sales business afloat in Latin America can involve long bus trips to find new products, lack of working capital and payment difficulties. We saw a huge opportunity to help people make a great business,” Ballardie told TechCrunch. ZAX’s addressable market for B2B transactions, just in Brazil, is estimated to be BRL 2.4

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TechCrunch

APRIL 22, 2021

PicPay operates largely as a financial services platform that includes a credit card, a digital wallet similar to that of Apple Pay, a Venmo-style P2P payments element, e-commerce and social networking features. “We million to social projects in Brazil. Latin America’s digital transformation is making up for lost time.

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TechCrunch

AUGUST 24, 2021

Last month, my colleagues Anna Heim and Alex Wilhelm found that structural factors such as strong digital penetration and quick e-commerce growth are among the key reasons Latin America is breaking venture capital records this year. Similarly, most businesses are underserved by modern software solutions,” Nyatta explained.

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TechCrunch

JUNE 7, 2022

“The only things that changed were the economics and speed of business.”. Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. Europe, APAC and Brazil. It also follows a quarter in which the company grew by 100% year over year. .

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The Next Web

OCTOBER 31, 2012

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. Privy: online advertising for small/medium-sized businesses.

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TechCrunch

JULY 1, 2021

Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Founded by brothers Gustavo and Mauricio Chamati in 2013, Mercado Bitcoin was the first crypto exchange in Brazil. Latin America’s digital transformation is making up for lost time.

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TechCrunch

APRIL 22, 2021

Nearly exactly one month ago, digital real estate platform Loft announced it had closed on $425 million in Series D funding led by New York-based D1 Capital Partners. Not only are more people open to transacting digitally, more people are looking to buy versus rent in the country. “We At the time, Loft was valued at $2.2

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TechCrunch

FEBRUARY 24, 2021

RecargaPay , a Brazil-based fintech that allows users to top off their prepaid cell phones online, announced this morning that they’ve closed their $70 million Series C. The company, which operates solely in Brazil, was launched in 2010 by Miami-based serial entrepreneur Rodrigo Teijeiro, who is co-founder and CEO. . Unlike in the U.S.

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TechCrunch

AUGUST 9, 2022

As such, platforms like Convertedin become essential because it caters to brands and businesses with one, some, or all of these objectives: drive personalized and scalable campaigns, convert customers, achieve measurable results and grow revenue. So Convertedin offers a solution where they can use their data best.

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TechCrunch

SEPTEMBER 14, 2021

It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. Operating Partner Alex Szapiro, also head of Brazil for SoftBank, leads the fund’s operations team. Similarly, most businesses are underserved by modern software solutions,” Nyatta explained.

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TechCrunch

MAY 26, 2022

OlaClick, a young startup that is helping these restaurants sell online and collect money digitally, announced on Thursday it has received backing from scores of investors, including Gradient, Meta and Delivery Hero. “In Brazil, Instagram is very popular, too, so many restaurants are using Instagram as a channel with us,” he said.

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TechCrunch

NOVEMBER 1, 2021

As the neobanking boom has matured into a collection of large digital banks, we’re slowly getting a better picture of the economics of such business efforts. In good news for its peers that may seek to go public, the numbers Nubank has shared seem to make pretty reasonable business sense. The Nubank EC-1.

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TechCrunch

AUGUST 17, 2021

Nuvemshop (also known as Tiendanube in Spanish speaking countries) aims to give entrepreneurs a way to build and grow online businesses. The company currently has more than 600 employees and offices in Brazil, Mexico and Argentina. Latin America’s digital transformation is making up for lost time.

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Raise Argentina Brazil Mexico 103

TechCrunch

MAY 12, 2022

Companies that offer banking as a service and help other businesses offer their own financial services and products in particular continue to rake in the dollars. Meanwhile, its number of active digital banking accounts climbed by 380% year-over-year. million (not to be confused with a company called Conductor based in the U.S.).

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TechCrunch

FEBRUARY 11, 2021

Treinta , a startup that is part of the Winter 2021 Y Combinator cohort , announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses. Lockdown in Colombia forced many small businesses online in a hurry.

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TechCrunch

MAY 6, 2021

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. I can’t say for sure. India is one.”

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TechCrunch

MAY 12, 2021

The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exception. Pomelo’s goal is to solve the problem by creating a new generation of financial services infrastructure that allows companies to build a fintech business and launch cards “much faster” throughout Latin America.

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