TechCrunch

AUGUST 30, 2021

In fact, the evolution of business shares far more similarities across countries than we might expect. Investors should bring a local strategy that makes them an asset to Latin America’s startup ecosystem. This is not very different from the timeline of businesses in other markets such as the United States. investors remain shy.

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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

JUNE 1, 2021

Schwarzkopf and his business partner, Sebastián Castro, had previously built and sold a fintech called Leaf in the U.S. Some of the functionalities they build enable both local and cross-border payment players in credit and debit cards, bank transfers, digital cash, mobile wallets, and other alternative payment methods. “We

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TechCrunch

JULY 21, 2021

It has also since completed “multiple” acquisitions of local brands operating across a variety of industries, such as beauty, fitness and home goods. 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.

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TechCrunch

JANUARY 13, 2022

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

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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. Specifically, it enables LatAm businesses to a ccept payments globally and receive money in their local currency.

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TechCrunch

MAY 9, 2022

Mentum is out to change that in Latin America, and is working on customizable investment APIs and widgets so businesses in Latin America can build and offer fully digital investment products, like local mutual funds, ETFs and stocks, to their customers. The products are also compliant with local regulations.

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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

APRIL 7, 2021

“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.

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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. 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.

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TechCrunch

MARCH 10, 2021

Villadiego was born and raised in the colonial port town of Cartagena, Colombia. During his time at Unisys — and later at IBM — he said he was exposed to merger and acquisition deals, motivating him to start his own business. “At the end of the day, you have to build a business. In the U.S.,

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TechCrunch

JANUARY 6, 2023

After a consultation, a plan will be established and information can be transferred to the cloud platform, adhering to local regulations. Depending on the size of the operation and local regulations a clinic can pay anywhere from $20 to $20,000 monthly. Image Credits: HealthAtom.

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TechCrunch

OCTOBER 13, 2020

After several failed startup attempts and nine years spent building Nuvemshop into Latin America’s answer to Shopify, the four co-founders of the company have managed to raise $30 million in venture capital funding as they look to expand their business. and managing director at Qualcomm Ventures Latin America.

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TechCrunch

JUNE 1, 2021

So while Belvo’s goals are “similar to the overarching goal[s] of Plaid,” co-founder and co-CEO Pablo Viguera told TechCrunch that Belvo is not merely building a banking API business hoping to connect apps to financial accounts. Belvo currently operates in Mexico, Colombia and Brazil. .

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TechCrunch

OCTOBER 21, 2021

The remote-first fintech started in Argentina and has since launched operations and offices in Brazil and Mexico with plans to also expand to Chile and Colombia. 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.

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TechCrunch

JUNE 25, 2021

Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset management in the region. One day I decided that I wanted to do only the things that I wanted to do and with the people I wanted to do it with,” he said.

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TechCrunch

MAY 5, 2021

Demand for crypto assets and crypto-enabled financial products have soared in popularity both for individuals and businesses in the region, according to Bitso, which aims to be “the safest, most transparent, and only regulatory compliant platform” in Latin America. In some parts of the world, crypto is associated with speculation.

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TechCrunch

FEBRUARY 16, 2021

and Colombia, including Amazon, NASCAR, Weee!, It is “slightly” profitable and has been re-investing that money into growing the business. And Miami benefits from the virtuous circle of higher employment and strong local businesses.”. And it has about 50 clients in the U.S.

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TechCrunch

MAY 30, 2022

It’s been a very busy 18 months for SWVL leading up to this news. Whether SWVL will continue its expansion into new markets such as Colombia, Mexico and South Africa, and the U.S. – B2C business is also expected to be contribution margin positive before the end of 2022. It listed at $10 per share and targeted a $1.5

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TechCrunch

OCTOBER 5, 2021

The company plans to use its new capital primarily to accelerate its growth in Mexico, consolidate the market in Colombia and Peru (Where it expanded in 2019 and 2020), double down on technology and product development and toward the acquisition of new companies at the regional level. Today, the tool is used by 4,000 SMEs.

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TechCrunch

APRIL 21, 2022

We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. We have now become fully gross profit positive on a group level for our local business across all of our countries after 12 months of operations.

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TechCrunch

FEBRUARY 16, 2021

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. Another new company in the space called Branded recently launched its own roll-up business on $150 million in funding.

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TechCrunch

NOVEMBER 8, 2021

Business is booming in Latin America: Startups raised $9.3 Investment dollars stretch far beyond business: In the United States, venture investment accounts for 0.2% Businesses that partner with schools can incubate the next talent generation. Contributor. Share on Twitter.

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TechCrunch

JULY 1, 2021

In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. So what exactly has driven so much growth for Mercado Bitcoin?

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TechCrunch

DECEMBER 8, 2021

Iker introduced us to Thrasio’s business model and we got excited,” Juan Gavito told TechCrunch. “We The company will also expand its staff — at 33 people today — to over 100 by the end of next year as it begins looking for brands outside of Mexico in Chile, Colombia, Brazil and Argentina. For example, in the U.S.,

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The Verge

JULY 7, 2020

It’s Uber’s first major move into the competitive world of online grocery shopping since acquiring Cornershop , a leading online grocery provider in Chile, Mexico, Peru, Canada, Brazil, and Colombia. Uber is scrambling to expand its food delivery options as the coronavirus pandemic continues to pummel its core ride-hailing business.

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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. As such, the company has shifted its efforts from explaining what it is that it does to what are additional growth avenues for the business.

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The Verge

SEPTEMBER 9, 2020

Waze will also close several of its offices in the Asia-Pacific and Latin America regions as it seeks to refocus its business on certain markets. Waze is also closing offices in countries like Malaysia, Singapore, Colombia, Chile, and Argentina, as it seeks to bring more focus in countries where its business is growing.

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TechCrunch

FEBRUARY 24, 2021

where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 USD) — many people must buy calling cards at local shops to add credit to their phones, which allows them to avoid a monthly recurring bill. Unlike in the U.S.

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TechCrunch

AUGUST 19, 2022

Anish: If you were building a startup five,10 or certainly 15 years ago, most of the work in focus was very local, meaning you were what we call ‘default local.’ But the problem of course, is that even though software is global, money is very much local. TC: I think that’s an interesting point.

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TechCrunch

AUGUST 14, 2022

The facility, it said, would allow Clara to continue to grow its corporate card, accounts payables and short-term financing offerings for businesses in LatAm. The company says it’s currently working with over 5,000 businesses across Mexico, Brazil and Colombia with ambitions to double that number by year’s end.

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TechCrunch

MAY 10, 2022

We also see opportunities for new BNPL products for small businesses that are looking to reduce cash flow strains or avoid maxing out credit lines,” said Jason Brown, partner at Victory Park Capital. Notably, unique local characteristics challenge a one-size-fits-all approach. It isn’t all smooth sailing, though.

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TechCrunch

SEPTEMBER 12, 2022

Local payment methods account for 68% of online sales, and, depending on the region and merchant networks, merchants must integrate dozens of payment service providers. Only 19% of Latin American adults own a credit card, and 70% of credit cards in Brazil, Argentina and Chile can’t be used internationally.

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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

APRIL 17, 2023

Innovamat will be using the funding to expand its business. It has been around since 2017, operating initially in Spain before expanding to Italy and several countries in Latin America (Mexico, Colombia, Chile, Ecuador, Brazil and Peru). “For us it’s super important they are in the field.

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TechCrunch

AUGUST 29, 2022

.” Samira and Astro co-launched Astro as Austin Software in 2018 in an effort to overcome these roadblocks to recruiting developer talent in Latin America, specifically countries like Colombia, Chile, Argentina, Uruguay and Mexico. The broader shift toward outsourcing in software dev has no doubt bolstered business.

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TechCrunch

AUGUST 24, 2023

Notably, Italy’s privacy watchdog slapped ChatGPT with a local stop-processing order earlier this year — which led to a brief break in service while OpenAI rushed out with disclosures and controls. Mass data scraping of personal information can constitute a reportable data breach in many jurisdictions.”

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