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1) Access to the internet in Mexico has grown very rapidly over the last decade. How has this impacted individual giving to NGOs in Mexico? When we started Fondeadora in 2011 (the first creative crowdfunding platform in Mexico, renamed to Donadora in 2016), processing online payments was very difficult.
Super.mx , an insurtech startup based in Mexico City, has raised $7.2 million seed round, which also saw capital from 500 Startups Mexico, Village Global, Anthemis and Broadhaven Ventures, among others. for a while before deciding to move back to Mexico, which he recognized was home to an “underinsurance problem.”.
As Gen Z turns into their early-to-mid 20s, a new generation of business owners is coming online. In Mexico, for instance, 97.4% This is perhaps why, with Gen Z coming on stream, we are now seeing mobile-first startup appear to cater to this new wave of businesses. of firms in the region.
With travel and tourism rising across Latin America, Casai , a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America. “I wanted to define a product from a consumer angle,” said Barawid. “I wanted this to exist.”
The two founders of Parrot Software , Roberto Cebrián and David Villarreal, first met in high school in Monterrey, Mexico. The company is already live in more than 500 restaurants in Mexico and is used by chains including Cinnabon, Dairy Queen, Grupo Costeño and Grupo Pangea. Together they’ve poured $2.1 Investors in the U.S.
Enter Nelo , a startup founded by former Uber international growth team leads, which is building buy now, pay later in Mexico. With the latest capital infusion, Nelo has raised a total of $5.6 But in markets like Mexico, the percentage of cash payments for trips was very high. Stori raises $32.5M Miller said.
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. million in debt from Banco Sabadell Mexico — brings minu’s total raised since its 2019 inception to a total of $20 million. .
Chile-based Xepelin aims to do the same with business-to-business payments via a SaaS payments infrastructure that includes financial information in real time, embedded financial services and data models, all to be a company’s “digital CFO” of sorts. We also want to win Mexico.”.
Just six months after raising $3.3 million in seed funding , Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. Put simply, Higo is out to transform B2B payments for SMBs (small and medium-sized businesses) in Latin America, starting with its home country.
Mexico City-based Valoreo aims to invest in, operate and scale e-commerce brands as part of its self-described mission “to bring better products at more affordable prices” to the Latin American consumer. Tech in Mexico: A confluence of Latin America, the US and Asia. The company says its model differs from that of its U.S.
With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. Valued at $10B, Nubank launches it’s Nu credit card in Mexico.
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. Nuvemshop (also known as Tiendanube in Spanish speaking countries) aims to give entrepreneurs a way to build and grow online businesses.
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. The New York City-based startup has raised $160 million in debt and equity in a Series A round that it says will fund its “aggressive growth plans.”
The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. Today, Tribal Credit announced it has raised $34.3 The raise follows “ 10x” year-over-year growth, according to CEO and co-founder Amr Shady.
had raised a total $10 million in equity and $25 million in debt. Founded in July 2019, Mexico City-based Flat.mx Founded in July 2019, Mexico City-based Flat.mx That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande.
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. The round was led by D1 Capital Partners, Founders Fund, Ribbit and BOND, and brings Kavak’s total capital raised to date to more than $900 million.
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.
Launched in 2021, the Mexico-based company works with over 70 producers to “rescue” food and delivers it to consumers. Add to that, grocery delivery businesses in the business-to-consumer space are traditionally a capital-intensive business. million in pre-seed funding to expand its program across Mexico City.
Ramp raises $30M as the battle to own corporate spend heats up. 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.
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander — led the round for the Monterrey, Mexico-based startup. Nowports raises $5.3
Bitso , a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 For one, it comes just four months after the startup raised $62 million in a Series B round. The news caught our attention for several reasons. Image Credits: Bitso.
In countries such as Mexico, it’s a much more difficult and less common endeavor. We all come from middle class families here in Mexico. Image Credits: Vexi Mexico City-b ased Vexi describes itself as a neobank but doesn’t offer checking or savings accounts — yet. is considered extremely high. It secured $3.7
Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. The startup, which provides software and payments for restaurants and SMBs, had to step up to help the businesses it serves. How COVID-19 accelerated DoorDash’s business.
Tuna is on a mission to “fine tune” the payments space in Latin America and has raised two seed rounds totaling $3 million, led by Canary and by Atlantico. He has identified Mexico, Colombia and Argentina as potential new markets. Current and upcoming trends in Latin America’s mobile growth.
Berkeley-based fintech Flourish has raised $1.5 Both immigrants, Moura and Eting met while in the MBA program at the Haas School of Business at UC Berkeley. The pair bonded on their joint mission of building a business that empowered people to create positive money habits and understand their finances. Mexico and Brazil.
The most innovative companies in agriculture for 2025 include forward-thinking businesses and nonprofits with at least one eye firmly on this future. Meanwhile, beverage giant Diageo expanded regenerative farming in Ireland for Guinnesss barley, Scotland for whisky grains, and Mexico for the agave used to produce its tequilas.
The startup has now released, for the first time, news that it raised a $15 million funding round back in May this year, with participation from Blackhorn Ventures and Transverse Insurance Group. To date, it has raised $20.5 Foresight now covers Nevada, Oklahoma, Arizona, Arkansas, Louisiana and New Mexico.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. That March, it raised $3.5 The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. Eventually, it also wants to expand further in Brazil.
Healthcare systems are always looking for ways to save money, and a startup called Lumiata has just raised $14 million to continue building out its service that aims to help them do it. . The company, already backed by Khosla Ventures and Blue Venture Fund , raised its latest round from Defy.vc and AllegisNL Capital. .
Kocomo is a Mexico City-based startup that wants to help make that dream a reality. We are focused initially on Americans and Canadians wanting to buy a vacation home in Mexico, the Caribbean and Costa Rica and then eventually we will be doing the same in Europe,” said Martin Schrimpff, co-founder and CEO of Kocomo.
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. million seed round.
Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. The round comes less than a year after Melonn raised a pre-seed round from NFX.
Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. Pomelo’s goal is to solve the problem by creating a new generation of financial services infrastructure that allows companies to build a fintech business and launch cards “much faster” throughout Latin America.
And now the Brazilian regtech has raised $38 million in a Series C round led by Endurance. GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million. Its investors are, naturally, bullish. ”
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. Wind Ventures gears up to invest in startups looking at Latin America.
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. 99 minutos, Mexico’s last mile delivery startup, raises a $40M Series B.
The number of startups acquiring e-commerce businesses, especially those operating on Amazon, to grow and scale is increasing as more people than ever are shopping online. In May, that startup raised $160 million in debt and equity to scale its business. Its self-proclaimed goal was to use data to innovate through acquisition.
And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures V, a $475 million early-stage fund, believed to be the largest vehicle of its kind ever raised in the region, and Kaszek Ventures Opportunity II, a $525 million for later-stage investments.
It’s no secret that the technology for easy business-to-business payments has not yet caught up to its peer-to-peer counterparts, but Yaydoo thinks it has the answer. In total, Yaydoo has raised $21.5 Prior to starting the company, Almaguer was working at another company in Mexico doing point-of-sale.
Nelo , a startup founded by former Uber international growth team leads, began offering buy now, pay later services to Mexico earlier this year. And it has just raised $20 million in an effort to help it advance on that goal. With the latest Series A financing, Nelo has raised a total of $25.6 million since its 2019 inception.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. SoftBank pours up to $150M into GBM, a Mexico City-based investment platform. The round values 2TM Group , Mercado Bitcoin’s non-operating parent company, at $2.1
French startup Swile has raised a $200 million Series D funding round led by SoftBank International Group. This is a significant round for the company as it keeps raising bigger rounds year after year. Swile raised a Series A round of $17.4 Swile has acquired Sweevana for that part of the business.
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. million deliveries a month.
Today, Indonesian EWA startup wagely announced it has raised $5.6 This is the start of a vicious and costly debt cycle that has a long-lasting negative impact on individual financial well-being, which in turn impacts businesses with higher turnover, lower productivity and more employee loans,” Fischer said.
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