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Nowports raises $16M to build the OS for LatAm’s shipping industry

TechCrunch

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. The company currently has offices in Mexico, Chile, Colombia, and Uruguay. Our 2021 goal is 400% to 600%,” de los Rios told TechCrunch.

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The LatAm funding boom continues as Kaszek raises $1B across a duo of funds

TechCrunch

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. . “We

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Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

TechCrunch

In fact, the evolution of business shares far more similarities across countries than we might expect. This region has a global outlook, spectacular universities, a diverse population and an army of entrepreneurs. This is not very different from the timeline of businesses in other markets such as the United States.

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Kaszek earmarks nearly $1B in new funds for Latin American startups

TechCrunch

We seek out exceptional founding teams whose business plan is centered on the strategic utilization of technology to gain a competitive advantage. Geographically, Kaszek has been most active in Brazil and Mexico, and has also invested in teams based in Colombia, Chile, Argentina, Ecuador, Peru and Uruguay.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

” Also, according to NPR, As Ilya Strebulaev, a professor of finance who studies the venture capital industry at Stanford University told NPR: “Failure is not a curse. As fintech has exploded in recent years, so has Cross River Bank’s business — as well as investor interest. ” So what’s next for Fast?

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EU confirms ban on American travelers as US scrambles to contain coronavirus

The Verge

million confirmed cases of COVID-19 and more than 126,000 deaths, making it the worst-hit nation in the world, according to the latest data from Johns Hopkins University Coronavirus Resource Center. Cases have also surged in the US in recent weeks, triggering some states to reverse plans to reopen businesses.