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Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. The company’s self-proclaimed mission is to promote financial inclusion by expanding the digital payments ecosystem in Colombia. .
Firms such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are pouring money into LatAm. ” Local VCs are raving about the human capital in the region, but for some global investors, the appeal of Latin America extends beyond the talent to the general populace. .”
Join Nonprofit Tech for Good, Funraise , and the 2019 Global NGO Technology Report partners for a 24-hour Twitter Takeover on September 26! 11am IST (Dublin): Digital Charity Lab (Ireland). 10am BRT (Rio de Janeiro): Doare (Brazil). The 2019 Global NGO Technology Report will be released September 16! Save the Date!
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. The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception. Digital House CEO and co-founder Nelson Duboscq.
Childhood friends David Grandes and Andres Andrade, both originally from Ecuador, started Mimic in 2018 in Brazil as a dark kitchen-as-a-service, specializing in producing food at scale with online channel sales. Meanwhile, Grandes says there are 1 million restaurants in Brazil, which presents a big opportunity to go downstream. “It
Cora , a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital. In fact, Tiger Global and Tencent are first-time backers in Cora with this latest round, joining existing investors Greenoaks, Kaszek, QED and Ribbit Capital. million since its 2019 inception.
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.
These partners include the Norwegian Library of Talking Books and Braille (NLB), the Hoerbuecherei des OSBV Talking Book Library in Austria, and the Dorina Nowill Foundation in Brazil.? After books are scanned and uploaded into the digital Bookshare library, they are still used in their printed form by readers around the world.
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.
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.
” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. “But we’re always open for exceptions,” said Simmons.
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
Online fraud and identity theft is a global problem that has only been exacerbated with increased online transactions amid the COVID-19 pandemic. 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.
Paulo is the co-founder of Vale do Dendê (Dende Valley) and AFAR Ventures , a global diversity and inclusion creative and consulting agency that identifies opportunities for multinational brands, corporations and investors in emerging markets. Over the last five years, Brazil has witnessed a startup boom. Paulo Rogério Nunes.
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. With the checking account, customers have the ability to sending and receive money as well as pay bills digitally.
But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater. This morning, digital real estate platform Loft announced it has closed on $425 million in Series D funding led by New York-based D1 Capital Partners. Latin America’s digital transformation is making up for lost time.
Our theme this month is educational nonprofits like The Luciano Bareto Júnior Institute in Brazil. Back to School in Brazil. Now that TechSoup’s Local Impact Map has officially launched , let's discover one of great new organizations featured there. Education Is a Major Nonprofit Activity. Even in the U.S.,
TechSoup Brazil , a collaborative effort of Associação Telecentro de Informação e Negócios (ATN) and TechSoup Global, was launched has just officially launched after many months of planning. If you work with nonprofits or NGOs in Brazil or want to learn more, check out their site (in Portugese). Welcome, Brazil!
A supplemental post to 101 Digital Marketing & Fundraising Best Practices for Nonprofits , the statistics listed below can guide your nonprofit in creating and maintaining a successful social media strategy. Global NGO Technology Report ] 49% of nonprofits use LinkedIn Pages.[ Facebook Facebook has 3.05 Similarweb ] 61.7%
The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. According to the startup, it is now the fourth-largest fintech company globally. but also in France, Brazil, Singapore, Hong Kong, etc.
A slew of other investors participated in the round, including existing backer MAYA Capital and new investors such as Village Global, Clocktower Ventures, Magma Partners, Gilgamesh Ventures, Rally Cap Ventures and Alumni Ventures Group. And there’s no better way to attract new clients online than with digital ads.”
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. The round included participation from a mix of new and existing investors such as DST, Tiger Global, Andreessen Horowitz, Fifth Wall and QED, among many others.
He was previously the founder of Canary and Peixe Urbano, and was Facebook’s first employee in Brazil. Latin America’s second wave of digital transformation. Latin America’s digital transformation is making up for lost time. Distinctively, Latin America has not suffered through this hangover from digital adoption.
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. Some history.
It does things like allow customers to launch products for cards and payments, digital banking, digital wallets and marketplaces. Why global investors are flocking to back Latin American startups. “We All our major competitors are global players,” Josua said. Think of it as Latin America’s answer to Galileo.
Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. Specifically, it enables LatAm businesses to a ccept payments globally and receive money in their local currency. Europe, APAC and Brazil. billion. .
Just five months after raising $90M, Brazil’s Nuvemshop announced today it has raised $500 million in a round co-led by Insight Partners and Tiger Global Management. The company currently has more than 600 employees and offices in Brazil, Mexico and Argentina.
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.
With backers like Tiger Global, LatAm crypto exchange Bitso raises $250M at a $2.2B Both funds, according to Kaszek, were “several times oversubscribed” with demand coming globally from university endowments, global foundations, technology funds and several tech entrepreneurs. And Kaszek has been at the heart of it all.
This caught the attention of second-time entrepreneurs Bruno Ballardie and Fernando Zanatta, who started ZAX in 2019 to develop a platform that unites freight, delivery and payments tools to connect sellers and buyers in Brazil. ZAX’s addressable market for B2B transactions, just in Brazil, is estimated to be BRL 2.4 trillion, or $445.6
Why global investors are flocking to back Latin American startups. 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. each for Kavak and VTEX; 2.6x
Pipefy was originally headquartered in Brazil, and since much of the startup’s R&D is still located in the country, and it has a significant presence there, the company was still considered for the SoftBank Latin America Fund, officials say. The company plans to use its new capital to “significantly accelerate” its global expansion.
Brazil-based Kinea and G2D Investments also participated in this round. We are helping global enterprises on their digital journey, so they can grow and scale without economically prohibitive upfront costs while empowering their talent to focus on driving their business forward. Don’t hate on low-code and no-code.
More global investors are backing startups in the region and certain sectors in particular, such as fintech, are exploding. Global investors are not only pouring money into companies. Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil.
If there’s one area that has thus far felt insulated from the global venture downturn, it’s infrastructure. Existing backers Riverwood Capital, Viking Global Investors and Sunley House Capital also participated in the financing. Meanwhile, its number of active digital banking accounts climbed by 380% year-over-year.
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
Other participating investors include 500 Global and MSAS. Convertedin’s revenues from these businesses have been growing in “double-digits” month-over-month, Fergany said. The three-year-old Egypt-headquartered company also has offices in Saudi Arabia and Brazil; it just recently opened one in the latter.
Most of these relationships are largely managed manually and on paper, but Chiper developed an e-commerce ecosystem for corner stores that is shifting that relationship into the digital realm. It is now poised to launch in Brazil early next year and add another 2,000 products by 2023.
Well, a report released today by data research organization Briter Bridges and global inclusive tech accelerator Catalyst Fund is punching above its weight to offer a holistic representation to the darling sector of these three markets: fintech. The next two funded fintech categories are credit and digital banking. India is one.”
African startups, for example, were long ignored by the global VC scene, with totals for the continent’s upstart technology companies representing a fraction of a fraction of the funds made available to other regions’ next-generation companies. VTEX, dLocal) and in Brazil. What is driving the money?
Where e-commerce aims for a direct, digital translation of brick-and-mortar browsing, social commerce refocuses the entire customer journey to center on people. Globally, social commerce is on the path to becoming a $1.2 trillion industry by 2025 , with the biggest gains being made in Brazil and India.
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. million, having realized $800,000 in a seed round last May. Image Credits: Bfree.
According to a recent letter sent to its investors, Tiger Global Management , the New York-based investing powerhouse, is raising a new $3.75 Lee Fixel is leaving Tiger Global. A year ago, Tiger Global, which employs 100 people altogether, was reportedly managing $36.2 billion in capital commitments. billion in assets.
Cars are significantly more expensive in countries like Brazil than in the U.S. In 2020, the startup saw its number of customers grow by more than 70%, and it now has more than 11,000 users in Brazil and Mexico. These global trends will provide greater access to millions of drivers in the region,” Sobel said.
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