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“The digitalmarketing world is growing very fast and the demand for highly-skilled professionals is constantly increasing,” CEO Khlebinsky said. “The complexity of digitalmarketing tools is booming too — just several years ago we couldn’t imagine the technologies we use today.”
Latin America’s digital transformation is making up for lost time. When we first shared LatAm’s digital acceleration story in last year’s Latin America Digital Transformation Report , we believed we were at the peak of digital growth catalyzed by the pandemic. Atlantico Digital Transformation Index 2021 LatAm.
Fintech companies and other entities have moved the needle for consumer payments in Latin America, particularly during the global pandemic, prompting consumers to be more comfortable with digital payments. This is a huge market, but no one is really focused on pure business-to-business,” de Camino told TechCrunch.
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. So if one-click checkout startups are struggling to make headway against incumbents in the single-currency, highly digitized and concentrated U.S.
The fintech currently has over 4,000 clients in Chile and Mexico, which currently has a growth rate “four times faster” than when Xepelin started in Chile. The team has deep experience in the sector and has proven a perfect fit of their user-friendly product with the needs of the market.”. billion valuation.
The company’s self-proclaimed mission is to promote financial inclusion by expanding the digital payments ecosystem in Colombia. . It claims that merchants supported by Bold have seen sales grow about 25% on average simply by enabling digital payments. . “If It also processed “31x” more transactions in 2021 than it did in 2020.
Secondly, it makes Buk the third most valuable startup in Chile after Cornershop and NotCo. But more and more, other regions in Latin America such as Chile are also attracting global investor interest. Buk recently acquired CTRL, an assistance company in Chile. Today, the tool is used by 4,000 SMEs.
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 The company, which was founded in 2017, already has operations in Mexico, Colombia, Ecuador, Peru, and Chile.
Chile-based Migrante is working to change that. Buying a vehicle is often out of reach for people, and through Migrante’s lending model and vehicle connections, the company is able to offer an average APR of 26% compared to other car dealerships in Chile, where it is often over 30%.
Merama , which acquires or launches Latin American digital brands, hit a $1.2 Today, Merama has more than 180 employees and a portfolio of 20 brands across Mexico, Brazil, Chile, Colombia and Peru. Its prominent brands include Mexican consumer electronics company Redlemon and Bebesit, a baby products seller in Chile.
The e-commerce market in Latin America has been gaining traction over the past two years and is poised to double in size and be valued at more than $100 billion by 2025. With this new funding, the company aims to invest in technology development, build operations in Brazil and Chile and launch some embedded finance products and services.
The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. NovoPayment is a global BaaS startup based in Miami that has largely been focused on offering its API platform to customers in the Latin American market.
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. But Ethan Choi, a partner at Accel, said his firm saw in Nuvemshop the potential to be the market leader, or the “de facto” e-commerce platform, in Latin America. billion in 2023. “In
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. million to become Latin America’s digital shipping answer to Flexport. The company currently has offices in Mexico, Chile, Colombia, and Uruguay. A number of angels also put money in the round, including Justo.mx
We profiled the company in 2021, about seven months after the company first launched to acquire digital brands in the MercadoLibre and Amazon ecosystem. As a consequence, Wonder Brands stood out due to its strong brand development capabilities in the rapidly growing Latin American e-commerce market,” he said.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Then in 2020, the company issued Futecoin, the world’s first digital asset based on FIFA’s solidarity mechanism. . “We billion, ranking it among the top 10 unicorns in Latin America. .
Santiago-based Houm plans to use the new capital mostly to expand to 15 new cities across Mexico, Colombia and Chile — the three countries in which it currently operates — as well as to triple its current headcount of 350. Houm also invests in digitalmarketing, in an effort to provide greater visibility and access to customers.
Co-founders Roberto Enrique Kafati Santos and Jose Maria Serrano started the company after a career at McKinsey leading digital payments for Kafati Santos and in private equity at Carlyle for Serrano. E-commerce is a hot market in Latin America, with the founders estimating it will grow 30% each year. We recently saw Sleek raise $1.7
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 hyperactive open banking market of Latin America: How the region is being APIfied.
. “With 650 million consumers, Latin America is not only a huge market, but it is the fastest growing e-commerce market in the world,” said Matt Gatto , managing director at Insight Partners. Accel Partner Ethan Choi believes the Latin American e-commerce market has the potential to be just as big as the U.S.
It is currently focused on Mexico, Brazil, Argentina and Chile. Mexico was the fastest-growing e-commerce market in 2020 worldwide, yet is still in its infancy, Tyle said. Overall, the $85 billion e-commerce market in Latin America is growing rapidly, with projections of it reaching $116.2 billion in 2023.
Today it announced financing totalling €750 million (around $895 million at today’s rates), money that it will be using to continue expanding its business — specifically, for acquisitions; to launch in new markets in Europe, Latin America and Asia; and to build out the suite of services that it provides to businesses.
The latest such company in Latin America is São Paulo-based Dock , which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. Meanwhile, its number of active digital banking accounts climbed by 380% year-over-year.
Nowports , an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 To quote my colleague Anna Heim, digitizing freight forwarding is a global challenge because the sector still lacks transparency and efficiency. It has more than 500 employees.
CEO Juan Gavito, who was previously in digital advertising, and Garay have backgrounds in private equity and venture capital, while Santiago Gavito was scaling startups. That has enabled Quinio to realize double-digit growth each month so far. For example, in the U.S., there are more than 20, and many are successful.”.
Online grocery sales are in single digits right now, but new data suggests it will top 20% by 2026 due to more consumers getting comfortable buying their groceries this way over the past two years. For example, there is potential for a hundred more hubs surrounding Sao Paulo, Wenzel added.
Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil. We believe that we can be the market standard, and that’s why we went through this round. It also grew 10x to support 10,000 restaurants.
based Plaid, but more attuned to the Latin American market so it can take in a more diverse set of data to better meet the needs of the various markets it serves. . But it’s seeing “a lot of opportunity” in other markets in Latin America, especially in Chile, Peru and Argentina, Viguera told TechCrunch. “In
Founded in mid-2019, Mudafy operates with a typical digital brokerage model — aiming to make it easier for people to buy and sell their homes and serve as a “one-stop shop” in the process. With its new capital, Mudafy’s immediate priority is to expand to more cities in Mexico, a market it entered in 2020.
The firm’s most notable exit is digital bank Nubank, which it first invested in during the pre-seed round “when the company was merely a PowerPoint presentation,” said co-founder and managing partner Nicolas Szekasy. The technology sector has faced some short- to mid-term pressure globally due to recent market adjustments.
RecargaPay originally had operations in various Latin American countries, such as Argentina, Chile, Colombia, Mexico, Peru and Brazil, as well as in Spain and the U.S. But in 2016 the company decided to focus on the Brazilian market, because not only is it the biggest in LatAm, but it also has the highest penetration of credit cards. .
Truora participated in Y Combinator’s Winter 2019 cohort and soon after expanded into digital identity and authentication technologies. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. That March, it raised $3.5 million in a seed round co-led by Accel and Kaszek at a $15 million valuation.
In emerging markets, similar products are creeping up to address what Kolors CEO and founder Rodrigo Martínez says is something of an antiquated industry. Part of the push to digitalize the bus industry is because the technology exists now. Part of the push to digitalize the bus industry is because the technology exists now.
According to the Inter-American Development Bank, over the next 10 years, digitized public services alone could stimulate 5.7 Imagine the impact on GDP if companies invested in improving digital inclusion, as well — consumers could gain access to online goods and services, and more people could start 100% digital companies.
In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.”. We are starting to see some of the public market valuations impact private market valuations.
Adam Neumann’s latest startup, residential real estate upstart Flow , is partnering with fintech startup Bond to create a digital wallet for Flow’s residents. A variety of financial products will be embedded in the planned digital wallet with specific capabilities being announced at a later date. The company says its jump into the U.S.
Since our last storytelling Twitter chat , both the opportunities and challenges in producing a great digital story have increased. Topic: Storytelling and fundraising and marketing: Best practices, tips, tools, and hacks. SANTIAGO, CHILE. Chile Summer Time (1 p.m. Topic: Improving how NGOs use photography and video.
Major brands are experimenting with it, using the AI to generate ad and marketing copy, for example. We’ve been putting market participants on notice that instances in which AI tools are effectively being designed to deceive people can place them on the hook for FTC action,” she stated. And OpenAI is heavily investing in it.
Friends Alvaro Silberstein and Camilo Navarro came up with the idea for the Wheel the World travel booking site following a 2016 trip to Torres del Paine National Park in Chile. Tapping into this market of disability travel will be tapping into more than $100 billion globally,” Silberstein added.
gigawatts of data centers at any given moment from nearly nothing in 2019, making it the fastest-growing data center market in Southeast Asia, according to a report published in April. The country was the fastest growing data center market in Asia Pacific in the first half of 2024, according to global real estate firm Cushman and Wakefield.
For decades, China has weaponized state subsidies, environmental deregulation, and strategic overseas investments to corner the market. ’s only rare earth materials producer), China secured major rare earth mineral mines all around the world, from Chile and Bolivias lithium to cobalt in the Democratic Republic of Congo.
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