The Next Web

OCTOBER 10, 2013

While they may attempt to connect local consumers to the world, they do not connect us with the local markets. And without a local market, these companies will generally not be of interest to the international investors or acquirers whose attention we desperately seek. So, what companies should we build?

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TechCrunch

SEPTEMBER 30, 2021

million in seed funding , Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. In Mexico, small businesses mostly handle payables with nothing more than spreadsheets and email and legacy bank accounts,” CEO Corcuera said. . In Mexico, companies don’t get paid on time,” Corcuera said.

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TechCrunch

MARCH 1, 2022

Tono Mandly doesn’t consider his company, Riogrande , an e-commerce aggregator, but instead as one whose mission is to build local brands, through acquisition and incubation, for the emerging middle class of Latin American consumers. They come from backgrounds that include Rocket Internet and Delivery Hero. “We

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TechCrunch

MAY 12, 2021

Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. 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. If you’re looking for comparisons to U.S.-based

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TechCrunch

SEPTEMBER 2, 2021

Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million Series B at a $500 million valuation. The startup’s offering was live in Mexico and Canada and today launched in Colombia, the United Kingdom and Europe as a whole. .

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TechCrunch

FEBRUARY 9, 2021

Jüsto , an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. It claims to be the first supermarket in Mexico with no physical store. Mexico City’s Jüsto raises a $12 million bridge round for its delivery-only grocery stores.

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The Next Web

OCTOBER 15, 2012

But startups are also solving local problems. Startups are aiming for a global, not local market. It was surprising many startups are aiming for a global, not local market. Many hackers are using M-Pesa’a API to build products and services on top of the platform or as a opportunity to innovate around SMS.

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TechCrunch

APRIL 7, 2021

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. When you’re building a business here [Latin America], you need to build several businesses because so many things are broken,” he said.

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TechCrunch

OCTOBER 7, 2021

PideDirecto , a Mexico-based company, is developing a platform that enables local businesses in Latin America to sell directly to their consumers and deliver orders in less than 30 minutes. That is when we started PideDirecto, to enable local businesses to scale their direct-to-consumer sales channels,” Fawzi said. “We

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TechCrunch

FEBRUARY 25, 2021

In Mexico in particular, cash remains the dominant method of payment with an estimated 86% of all payments being in the form of cash. According to one recent study , Mexico topped the list of the world’s fastest growing e-commerce markets. And for the founders of Mexico City-based startup Stori , they spell opportunity.

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TechCrunch

OCTOBER 19, 2021

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. Mexico has been — and still is — leading the fintech charge in Latin America.

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TechCrunch

AUGUST 8, 2022

Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. Latin America’s slowing VC market hides local strength.

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TechCrunch

OCTOBER 12, 2021

Nelo , a startup founded by former Uber international growth team leads, began offering buy now, pay later services to Mexico earlier this year. The Mexico City-based company already is live with over 100 merchants, including Steve Madden and Ben & Frank. This captive consumer base is crucial to building the network that is Nelo.”.

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TechCrunch

MARCH 10, 2021

The co-founders want to bridge the gap in technology-enabled financial services that they found in Mexico. Colyer worked for G2 after a stint at Stanford, eventually moving back to Mexico and working on a micromobility startup called Uva Scooters. What sort of tweaking was needed? Regarding the company’s $3.5

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TechCrunch

AUGUST 24, 2021

One Mexico-based VC even declared that the story was about “talent, not capital.” ” 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. Brazil and Mexico riding the gravy train.

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TechCrunch

AUGUST 31, 2021

Specifically, Osana Salud is building an API-connected infrastructure to help the region’s healthcare industry offer a patient experience that offers “greater convenience, outcomes and value,” Lawson told TechCrunch. Its initial focus is o n building solutions for telehealth, pharmacy and diagnostics. .

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TechCrunch

OCTOBER 6, 2021

million in Series A funding to continue developing its app that takes grocery orders through local social networks. Favo enables under-employed entrepreneurs to create new income streams through steady sales commissions from their own local network. I came back and knew that this is what I wanted to build,” Ponce said.

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TechCrunch

DECEMBER 2, 2021

Manuel Rodriguez Dao, co-founder and CEO of Mexico City-based Meru.com , and co-founder Federico Moscato, learned this the hard way when they were sourcing goods for another company and faced problems, among them getting the items that were originally offered. To date, the company raised $17 million.

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The Verge

JULY 15, 2020

US truck maker Navistar is joining forces with TuSimple, a leading autonomous vehicle startup, to build a self-driving semi truck that can operate without a human driver on highways and local roads. It’s going through a lot of wear and tear,” Lu said. Lu said the company is aiming to begin production in 2024. “So

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TechCrunch

MARCH 22, 2022

The company says it provides the underwriting, credit in local currency and the payment rails “for any business spend across countries and currencies.” Jeeves was founded in 2020 under the premise that startups have traditionally had to rely on financial infrastructure that is local and country-specific.

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TechCrunch

JUNE 1, 2021

The startup’s goal with its developer-first API platform that can be used to access and interpret end-user financial data is to build better, more efficient and more inclusive financial products in Latin America. Instead, Belvo wants to build a finance API, which takes in more information than is normally collected by such systems.

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TechCrunch

APRIL 20, 2022

The Mexico City-based company created a software and gig collaborators marketplace to solve two areas: providing retailers with workers to fulfill those orders and providing a flexible way for independent workers to earn regular income. Zubale’s operations began in Mexico and have since expanded into Colombia, Costa Rica and Peru.

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TechCrunch

JANUARY 26, 2022

CEO and co-founder Aaron Polhamus said he, Miguel Arroyo and Jaime Rodas were driven to start Mexico City-based Vest in December 2020 because of their belief that while Latin Americans work hard for their savings, “historically their savings have not worked hard for them.”. Image Credits: Vest. It is valued at $22 million, post-money. “We

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TechCrunch

MARCH 15, 2021

Fondeadora , a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. As most people still rely heavily on cash in Mexico, creating a challenger bank represents a good opportunity. There’s room for plenty of local players around the world.

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TechCrunch

JULY 29, 2021

McAllister describes Merqueo as a “pure-play online supermarket with a fully integrated grocery delivery service” that sources directly from large brands and local suppliers, bypassing intermediaries and “delivering directly from its dark store network.” Who’s building the grocery store of the future? Image Credits: Merqueo.

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TechCrunch

FEBRUARY 16, 2021

A new breed of startups is acquiring and growing small but promising third-party merchants, and building out their own economies of scale. Valoreo , a Mexico City-based acquirer of e-commerce businesses, announced Tuesday that it has raised $50 million of equity and debt financing in a seed funding round. In the U.S.

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TechCrunch

MAY 5, 2021

With investors expecting a Latin American cryptocurrency boom, Mexico’s Bitso raises $62 million. Bitso’s mission, put simply, is to build next-generation borderless financial services for consumers and businesses alike. “The growth of the crypto ecosystem this year has been remarkable. Image Credits: Bitso.

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TechCrunch

MARCH 22, 2021

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. We saw what they were building and all their potential. Merchants also found tools to build their own presence. The proof is in the numbers.

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The Verge

JANUARY 21, 2022

Intel already has US factories across several states including Oregon, New Mexico, and Arizona. It’s a marked contrast from Amazon’s hyper-competitive bidding process that eventually awarded a second HQ to New York, which it shelved following backlash from residents and local lawmakers. Image: Intel. The site as it exists today.

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TechCrunch

APRIL 8, 2022

Today, Truora describes itself as a SaaS startup that builds authentication and communication tools for Latin American startups, marketplaces, fintechs and banks. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. That March, it raised $3.5 Eventually, it also wants to expand further in Brazil.

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TechCrunch

JUNE 2, 2021

Jeeves, which is building an “all-in-one expense management platform” for global startups , is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing. . The startup’s offering is currently live in Mexico — its largest market — as well as Colombia, Canada and the U.S.,

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TechCrunch

OCTOBER 5, 2021

SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S.

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TechCrunch

FEBRUARY 2, 2023

Growing up in Mexico City, Pamela Valdes says she was a bullied child who was inspired by stories her parents told of other bullied individuals, such as Bill Gates, who went on to be very successful. Meanwhile, 35% of the content creators on Beek’s marketplace earn more than their local minimum wage in their first month, she says. “We

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TechCrunch

JUNE 14, 2021

When Cory Siskind finished school, she was dropped into a high-stakes job helping large multinational corporations manage their operational security in Mexico City, with almost no relevant lived experience.

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TechCrunch

JANUARY 13, 2022

The startup also partners with “top local experts” to offer micro courses and live classes. Over the years, UBITS has expanded to Mexico and Peru and, in fact, it now has dual headquarters in Mexico, where its two co-founders now live. Companies can then monitor and analyze KPIs and customize their employees’ learning journey.

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TechCrunch

JUNE 7, 2022

Specifically, it enables LatAm businesses to a ccept payments globally and receive money in their local currency. What we’re building is like a gigantic pillar, not only for us, but for other companies that are building on top of us.”. Today, the startup operates in five countries: Ecuador, Mexico, Peru, Colombia and Chile.

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TechCrunch

SEPTEMBER 1, 2022

Draftea’s founder, Alán Jaime Misrahi, played soccer in Mexico’s third division before attending Stanford for his MBA and launching Draftea. Mexico is the second-biggest market globally for the NFL, Jaime Misrahi told TechCrunch in an interview. We’re truly passionate about sports in Mexico,” Jaime Misrahi said.

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