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Chile-based Kredito raises $4M to help businesses get loans

TechCrunch

In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. Today, Chile-based Kredito announced a $4 million pre-seed round. While in beta, the company used data from more than 10,000 SMBs to train their AI models.

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Traveling the world, meeting startups: What We learned

The Next Web

The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups. Startups are aiming for a global, not local market.

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Chilean fintech Xepelin wants LatAm businesses to get paid

TechCrunch

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.”.

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Chilean fintech Xepelin secures $230M in debt and equity from Kaszek, high-profile angels

TechCrunch

LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and founders/angel investors. based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities. LatAm- and U.S.-based

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Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

TechCrunch

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. It is currently focused on Mexico, Brazil, Argentina and Chile. We are receiving significant inbound for a Series B already,” he said.

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Ukraine, Estonia, Chile, Finland: The saga of four accelerators

The Next Web

Some of the programs take equity in exchange for a seed round, some are free for participants, others work anywhere in between those two models. At the moment of writing, Seed-DB, a global database of seed stage accelerators, listed 235 programs (both active and defunct) that 5,688 startups had gone through.

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Migrante steps on the gas of vehicle leasing for gig workers in Latin America

TechCrunch

Chile-based Migrante is working to change that. Initially starting in Venezuela, now with $30 million in Series A funding and $80 million in a debt facility, it is moving into both Colombia and Mexico. They started in Chile, which is a competitive market, and are now growing in Peru and into Colombia and other parts of the region.

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