This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Foodology has been whipping up its restaurant brands in cloud and virtual kitchens in Colombia and Mexico since 2019, and with a new infusion of capital, hopes to scale that across Latin America. The company was founded by CEO Daniela Izquierdo and Juan Guillermo Azuero, who met in a restaurant industry course at Harvard Business School.
La Haus , which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. By year’s end, La Haus intends to be in every major metropolitan area in Mexico and Colombia. .
Its technology aims to provide an easier purchasing process for small businesses by recommending products based on actual transaction data and then also providing credit, in 30-, 60- and 90-day increments, to retailers. On the supplier side, they can upload products, manage pricing and see what is selling and what isn’t.
SumUp , a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way. and basing their service around small card payment dongles that attached to phones or tablets.
We allow businesses to increase user acquisition, reduce onboarding dropoff, provide 360 customer support and even sell their services, with minimum tech requirements from their end,” said co-founder and Maite Muniz , who serves as the startup’s chief product officer and is a former McKinsey consultant.
PayU , the fintech business controlled by Prosus with operations in 50+ countries — it’s been described as the PayPal of emerging markets — announced a double-deal today to expand its presence in Latin America. For PayU and Prosus, the deals are significant for two main reasons. The company quotes figures from the U.S.
And from a business perspective, the Bottomless model has plusses. The startup’s business is a little complex. This unique vacuum-extraction coffee maker is Colombia’s own. As I write to you today, I think that my third bag of decaf has arrived. It’s a neat system. To make that happen, however, is not easy.
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. .
Founded by Enrique Villamarin Lafaurie and Juan Carlos Narváez, Tül’s technology connects construction manufacturers to the small businesses across Latin America that are responsible for handling half of the inventory for construction jobs in the region, Lafaurie said. And that’s just in Colombia alone, said Lafaurie.
By Allison Weber , founder of Allison Weber Consulting , a fundraising and communications business dedicated to helping mission-driven organizations tell better stories. It’s no secret that corporate donors are invaluable partners for nonprofits. International Paper and FedEx worked together to leverage their core competencies.
The startup’s offering was live in Mexico and Canada and today launched in Colombia, the United Kingdom and Europe as a whole. . Jeeves plans to use its new capital toward its launch in Colombia, the U.K. Customers can also pay back in multiple currencies, reducing FX (foreign transaction) fees. and Europe.
Access to global supply chains can be difficult for small businesses in Latin America, but companies like Meru , which raised funding in March to source and import goods between Mexico and China, and now more recently Pandas , are tapping into overseas relationships and technology to make this easier. Pandas B2B marketplace.
Guest blog from Beatriz, one of Benetech's human rights team members in Colombia. We Colombians are a resilient breed, accustomed to waking up to all kinds of distressing news and still somehow managing to go about our daily business. But today's mood in Colombia is more somber than usual.
The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception. It currently operates in more than 25 cities in Colombia, Mexico and Brazil and has over 600,000 users. Merqueo also reached positive cash flow in Colombia, its most mature market. Image Credits: Merqueo.
E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years , the current consumer demands to receive orders on time and packaged correctly will only increase. That demand has enabled clicOH to grow quickly since launching its current business model in 2020.
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.
She connects people with the businesses and opportunities that expand their lives. Dear Sophie, We co-founded a startup in Colombia, and we’re thinking about opening a sales office in the U.S.! I would be moving, and my co-founder will continue to run our engineering team from Colombia. More posts by this contributor.
In 2017, he started searching for his biological family in Colombia and reconnected with them. York previously worked with Gurtubay, too, in third-party logistics before transferring over the direct-to-consumer e-commerce businesses into Cubbo. Prior to Cubbo, he founded three other startups in San Francisco. Image Credits: Cubbo.
Founder and CEO Zach Oschin started the Colombia-based social commerce company in 2018 (and participated in our Latin American Startup Battlefield that year) to move the traditional independent sales process online. We want to expand into financial services that power their businesses,” Oschin said.
It was then that we learned about the origins of the Mexico City-based company, founded by CEO Alexis Patjane, who had been running a food truck-making business in Mexico. Meanwhile, 99minutos has 5,000 employees working from Mexico, Colombia, Chile and Peru, and Patjane aims to reach between 8,000 and 10,000 by the end of the year.
Today, Merama has more than 180 employees and a portfolio of 20 brands across Mexico, Brazil, Chile, Colombia and Peru. “Merama believes several multi-billion dollar brands will be created in LatAm over the next five years.”.
Today, the Colombia-based company announced a $3 million pre-Series A led by MatterScale Ventures and Kayyak Ventures. In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. .
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.
Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies. We plan to double our team by next year and expand more in Mexico and Colombia.”. Our goal is to position our company as the leading payment orchestrator in Latin America,” Candia added. “We
Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala , a Colombia-based company building fintech infrastructure for lending. Kala will also continue to focus on Colombia and Mexico this year. Kala charges a SaaS fee and is already bringing in revenue, Alemán said.
“As part of the program, eight companies receive investment as well as mentorship, and ongoing programming to meet their business objectives from Snap.” Ettos — Is making an e-commerce platform for beauty products, supporting inclusive beauty, based in Colombia.
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. Earlier this month, Business Insider reported that Nubank had turned its first-ever half-year profit in its home market. We’ll know soon enough.
When the firm heard that the other Tuna co-founders were starting a business that was applying some of the optimization methods they had created at Peixe Urbano, but for every company, they saw it as an opportunity to get involved. He has identified Mexico, Colombia and Argentina as potential new markets.
Julián Melo and Marta Forero founded UBITS in Bogota, Colombia, in 2018 after the pair came up with the idea of “creating the Netflix for corporate training for LatAm.” They applied to Y Combinator, raised a seed round and went back to Colombia to create a program and courses that launched in January 2019. “In
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. Valoreo aims to help entrepreneurs who may lack the resources and access to capital to take their businesses to the next level. Tech in Mexico: A confluence of Latin America, the US and Asia.
“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. Specifically, it enables LatAm businesses to a ccept payments globally and receive money in their local currency.
People were looking for help digitizing their businesses, and as we started looking into this, realized that brands needed help selling online,” Kafati Santos told TechCrunch. “At During that time, Colombia-based Addi said it was getting into the one-click space after taking in a $75 million extension to its Series B.
Enter Skydropx , a Mexico City-based logistics management company that enables businesses to create an end-to-end automated delivery experience for customers that includes over 250 shipping options, track notifications via WhatsApp, estimated delivery times and return management.
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
The Colombia-based company is taking on some of that inventory burden by providing access to inventory at lower prices and often same-day delivery on thousands of products. The challenge is building a habit and moving from decades of buying on paper to using a phone for core business processes,” he added. “We
Brazil, Argentina, Chile and Colombia. He expects to have 50% of its business coming from the U.S. Muchnick also wants to establish more patents in food science — the company already has five — and to explore a potential intelligence side of the business. over the next three years.
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. These businesses range from direct-to-consumer (DTC) upstarts to larger brands such as PlayMobil, Billabong and Luigi Bosca. This birthed Shopify, which today is worth $160 billion.
It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. There is so much innovation and disruption taking place in Latin America, and I believe the business opportunities there have never been stronger. There’s so much to build for so many people and businesses.
In Latin America, where being a part of a community is important, we see startups, like Trela in Brazil and Muni in Colombia, bringing people together under a common need — in Muni’s case, the purchase of everyday essentials. Zapt is now Trela; aims to remove the middleman from group food shopping.
In fact, the evolution of business shares far more similarities across countries than we might expect. This is not very different from the timeline of businesses in other markets such as the United States. Investors in the Andean region cover Peru, Chile and Colombia. Investors should look for younger markets. Meanwhile, U.S.
The company, which has dual headquarters in Bogota, Colombia, and São Paulo, Brazil, declined to reveal its new valuation other than to say it is “nearly triple” what it was 90 days ago when it closed on the first tranche of its Series B, and that it is now in the “hundreds of millions” of dollars range.
“In Latin America, 90% of the [used car] transactions are informal, which leads to a 40% fraud rate,” said García, who experienced these challenges firsthand when he moved to Mexico from Colombia a couple of years ago and bought a used car. . “My My budget allowed me to buy a used car, but there was no infrastructure around it.
But when Strauss searched for a solution in LatAm that would fit the needs of businesses in the region, he came up empty — so he decided to build it himself. Eventually, Strauss hopes to expand the product across the LatAm region to businesses in Uruguay, Peru, Argentina and other countries that face similar challenges.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content