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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. The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception. Image Credits: Digital House.
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). You can participate and follow the takeovers on Twitter at @NonprofitOrgs. Save the Date!
Now joining them in this space is Zeely , a Ukrainian startup that came onto the tech radar last during the controversy at Slush last year. Zeely’s users are so far spread across the US, UK, and emerging markets such as Brazil and Mexico. Zeely’s offering has cnow aught the eye of investors into its new $1M Seed round.
He was previously the founder of Canary and Peixe Urbano, and was Facebook’s first employee in Brazil. Latin America’s digital transformation is making up for lost time. But the region’s mega-fundraising rounds and shiny new unicorns have countered with optimism around its budding tech ecosystem. in 2021 from 2.3%
Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. SoftBank Group Corp.
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. Nonprofit Tech for Good Report ] On average, posts reach 1.4% Nonprofit Tech for Good Report ] On average, posts reach 1.4%
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.
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.
The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. 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. million) for now.
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. Its clients include Brazilian unicorns MadeiraMadeira and Buser, Caelum and Funcional Health Tech, among others.
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! but not quite.
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.
The company’s self-proclaimed mission is to promote financial inclusion by expanding the digital payments ecosystem in Colombia. . It claims that merchants supported by Bold have seen sales grow about 25% on average simply by enabling digital payments. . “If It also processed “31x” more transactions in 2021 than it did in 2020.
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.,
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. In recent months, we have seen the pandemic-fueled boom in tech adoption fade away in the U.S.
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.
Brazilian construction tech startup Ambar announced it has raised a large Series C round: R$204 million, approximately $36 million at today’s mid-market rate. The round was co-led by Brazil-based Echo Capital and Oria Capital , with participation from TPG Capital , Argonautic Ventures , and others.
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. 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.
It already announced a program to pay publishers in Australia, Germany and Brazil back in June.). As Google explains in Silva’s full statement and an accompanying blog post , it would rather pay publishers specifically for its Google News products. (It Australia doesn’t seem to think that’s enough, though.
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.
For now, Divibank is focused on Brazil, considering the country is huge and has more than 11 million SMEs “with many growth opportunities to explore,” according to Taboada. As in many other sectors, the COVID-19 pandemic served as a tailwind to Divibank’s business, considering it accelerated the digitalization of everything globally.
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 Conrade claims that Neon was the first digital bank in Brazil to not charge any fees — monthly or transaction, or otherwise. .
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
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. In LatAm, tech entrepreneurs are building the future for everyone else.”
In recent years, the tech and venture scene in Latin America has been growing at an accelerated pace. Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil. Volpe plans to avoid capital intensive industries, even if related to tech. They’re also investing in funds.
Major tech companies subpoenaed by Congress : As an investigation into the January 6 insurrection continues here in the U.S., major tech companies are being caught up in the hunt for answers. Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds. Big Tech Inc. tech company!
Mexico repeatedly tops most innovative fintech hub lists, and neobank and digital wallet transactions are consistently increasing — during COVID lockdowns they rose by an estimated 80%. Paired with people’s aversion to traditional banks, this tech literacy makes fintech an attractive alternative.
Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil. That’s when Ferraro, who previously led the growth of Mercado Pago Point in Latin America, came onboard, and was joined by COO Rafael Teles, also a former executive at Mercado Pago, earlier this year.
Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. The end goal is to help these businesses — such as digital banks — grow faster online and drive consumer adoption of digital payments. Europe, APAC and Brazil. billion. .
Two former 99 (Brazil’s first tech unicorn , and also known as Didi) executives, Adhemar Milani Neto and João Costa, started the company, which rents vehicles to on-demand drivers who work for ride-hailing companies such as Uber, Didi and Lyft. Cars are significantly more expensive in countries like Brazil than in the U.S.
But in recent years, investment into African tech companies has surged, and just today, investment company Juven announced plans to boost its investments in the continent , while Google set aside $50 million to do the same. VTEX, dLocal) and in Brazil. What is driving the money?
million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.
The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exception. And Hernan Corral was the CPO of Naranja X and previously head of digital accounts & cards at Mercado Pago. It takes over 12 months for a business to spin up a plastic or digital card for itself.
Web Summit announced today that it will revive RISE , one of Asia’s largest tech conferences, in March 2022, moving it to Kuala Lumpur after five years in Hong Kong. It also announced a new event, called Web Summit Tokyo, that will launch in 2022, too. The flagship Web Summit event is currently taking place as an online conference.
Both funds, according to Kaszek, were “several times oversubscribed” with demand coming globally from university endowments, global foundations, technology funds and several tech entrepreneurs. It has people on the ground in its home base of Brazil as well as Mexico, the United States, Argentina and Uruguay. .
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.
It plans to use the new capital mostly to continue acquiring e-commerce brands across Mexico, Brazil and Colombia as well as to do more hiring. Tech in Mexico: A confluence of Latin America, the US and Asia. The company says its model differs from that of its U.S.-based
For decades, Brazil has had a huge credit problem. To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. The process is 100% digital, with no bureaucracy involved; it claims to be fast, and the rates are lower than those of traditional banks.
In August, the company said it was considering expanding the service to more countries including the UK, Germany, France, India, and Brazil in the next “six months to a year.” In its announcement today Facebook says it is in active negotiations to launch the service in France and Germany, though there’s no mention of Brazil or India.
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
On Friday, BEYOND EXPO organizers invited a group of distinguished entrepreneurs for the Asia-Latam Tech Forum, aiming to explore opportunities for collaboration in business and technology, while promoting cultural exchange and understanding between Asia and Latin America.
Predicting the next wave of Southeast Asia tech giants. 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. trillion industry by 2025 , with the biggest gains being made in Brazil and India.
Operating as Nuvemshop in Brazil and Tiendanube in the rest of the region, the company has offices in São Paulo, Buenos Aires and Mexico City, with plans to expand into Colombia and Peru in 2021. Latin America’s digital transformation is making up for lost time. and managing director at Qualcomm Ventures Latin America.
DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users. LatAm-focused venture firms Canary, Nazca and Latitud also participated in the round, alongside prominent angel investors from other tech startups and banks.
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