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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. However, the business banking space seems like it’s also undergoing some changes.
Luxembourg, Hong Kong, Singapore and Chile. The DiginexESG platform quite simply takes away those challenges and does all the heavy lifting for them. Fund managers can leverage ESG-related data to generate insights. It is currently raising venture backing largely from strategic corporate investors.
Ushahidi, an open source project originally deployed in Kenya to report post-election violence has since been downloaded and deployed for many other events and disasters, including Haiti, Chile, and Japan. The internet is an endless stage and platform, and when we are up there speaking, we expect you are all listening.
Chile’s Buk , which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. Secondly, it makes Buk the third most valuable startup in Chile after Cornershop and NotCo.
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.
The funding announcement includes $600,000 from a pre-seed tranche. It also sends payment notifications via multiple channels and enables customers to manage all of their office locations from one platform. Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies.
Chilean startup Xepelin , which has created a financial services platform for SMEs in Latin America, has secured $30 million in equity and $200 million in credit facilities. based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities. LatAm- and U.S.-based
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.
One of those startups is Chilean-based Fintual, which today announced a $15 million round led by Kaszek Ventures, the largest fund in Latin America. While traditional mutual funds in Chile and Mexico charge up to 6.45% and 5% annually, Fintual charges 1% annually of assets managed. To date, the company has raised about $15.2
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.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. To do this, the company announced Tuesday $20 million in Series A funding co-led by Base10 Partners, Cometa, and 645 Ventures. Since then, the company became profitable, growing over 300% in 2020 alone.
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. “They were in need of a single platform that could help them to launch these new use cases in more than one country,” Perez said.
Today, one of the companies building headless tools is announcing a round of funding as it continues to expand its business. The interesting thing about “headless” platforms is that they are becoming a much bigger part of the equation when it comes to building and running e-commerce experiences.
Millions of tons of cargo are transported each year via the Pan-American Highway and its branches across Colombia, Ecuador, Peru, Chile, Bolivia and Paraguay. With a current team of 23, it also plans to add UX experts, software engineers and product managers to keep on improving its platform. Neighbors helping neighbors.
. “Together, we will double down on the strategy of bringing same-day grocery delivery to the Uber platform worldwide.”. Cornershop, which is headquartered in Chile, was founded in 2015 by Oskar Hjertonsson, Daniel Undurraga and Juan Pablo Cuevas. and Canada. and Canada. The company raised $31.7
São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. 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. The proof is in the numbers.
As a longtime real estate developer based in Chile, Benjamin Labra was able to spot gaps in the buying and renting markets in Latin America. To meet demands, he started Houm , an all-in-one platform that helps homeowners rent and sell their properties in the region. Think of Houm as a homeowner-run Zillow meets TaskRabbit.
Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million Series B at a $500 million valuation. The “fully remote” Jeeves describes itself as the first “cross country, cross currency” expense management platform. Image Credits: Jeeves.
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. in a matter of months.
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. The startup has raised $110 million in a growth funding round led by U.K.-based
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. At the end of 2021, almost 100,000 students had used its platform, up from 28,000 the year prior. To date, students have completed over 600,000 courses on its platform.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. For its part, SoftBank Latin America Fund described Mercado Bitcoin as a “regional leader in the crypto space” that is “ tapping into a huge local and regional addressable market.”.
Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital, among others. Today, the startup operates in five countries: Ecuador, Mexico, Peru, Colombia and Chile. What we’re building is like a gigantic pillar, not only for us, but for other companies that are building on top of us.”.
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. By analyzing their actions — for example, the links they click on — the platform attempts to figure out their wants and preferences.
billion and brings the Sao Paulo-based startup’s total funding in the last 10 months to more than $620 million. Virtually every KPI tripled in the company in 2020 as the world saw a massive transition to online, and Nuvemshop’s platform was home to 14 million transactions last year, according to Sosa.
Belvo , a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. In May 2020, Belvo raised a $10 million seed round c o-led by Silicon Valley’s Founders Fund and Argentina’s Kaszek. Belvo currently operates in Mexico, Colombia and Brazil. .
The company is already active in 33 countries (most recently Chile, Colombia and Romania) and has some 3 million businesses as customers. The funding is coming from Goldman Sachs, Temasek, Bain Capital Credit, Crestline and funds managed by Oaktree Capital Management.
Jeeves, which is building an “all-in-one expense management platform” for global startups , is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing. . and is currently beta testing in Brazil and Chile. .
Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. The startup was founded earlier this year to build a fintech-as-a-service platform for Latin America.
Less than six months after raising $8 million in seed funding, Chilean proptech startup Houm has raised $35 million in a Series A round led by Silicon Valley venture capital firm Goodwater Capital. With the latest round, Houm has raised a total of $45 million since its inception. ”
Just as the first California wine to win a blind-tasting in France in 1976 created legitimacy for all wine producers in Northern California and created hope for producers in places such as Chile, Argentina and Australia, the success of one tech entrepreneur in an emerging market can lead to a new valuation for all who follow.
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 It also marks Nowports’ third equity raise in less than one year’s time, and brings its total funding to over $240 million since its 2018 inception. It has more than 500 employees.
Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to compensate for the cryptocurrency’s environmental toll. In turn, Moss will use the money in part to fund projects that preserve forests and fund sustainable agriculture.
Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. It’s a gap Marco Financial is looking to bridge through its tech-enabled risk assessment platform that can provide better insight on who should receive loans.
Julio Vasconcellos is the managing partner of Atlantico , a venture capital fund focused on Latin America. In the insurance space, similar changes are giving way to innovative models like 180 o in Brazil and Betterfly in Chile. Julio Vasconcellos. Contributor. Share on Twitter. More posts by this contributor.
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. However, we’ve seen some downsides of the industry, for example, Zero Grocery folded about a month after I reported on their new funding round.
DEUNA , a Silicon Valley-based one-click checkout commerce startup, is officially joining Latin America’s nearly $100 billion e-commerce sector with $30 million in Series A funding after largely staying under the radar since being founded in late 2020. We helped several brands last year and have now increased customer sales five times.”.
Kolors, a Mexico City-based startup, says its platform that connects intercity bus riders with bus drivers is like “if Uber and Southwest Airlines had a baby.” Kolors will use the funds to deepen its coverage in Mexico and parts of the U.S., as well as expand into other Latin American countries, likely starting with Chile.
After a consultation, a plan will be established and information can be transferred to the cloud platform, adhering to local regulations. Today, HealthAtom has close to 6,500 clients across 20 countries with main operations in Chile, Colombia and Mexico.
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. Investors in the round include a mix of national and international funds, including Spain’s Seaya Ventures, a new backer of Payflow and Cathay Innovation via its C.
million Series A, led by Transpose Platform. The company has been pilot testing the system for a while now, including trials in Vera’s native Chile. Whether it’s last-mile delivery, whether it’s shopping in the store — once you have the digital twin, you can do a whole bunch of stuff. That joins a $6.9
Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. It also plans to use the money to accelerate its geographic expansion into additional markets across Latin America, including Peru, Ecuador and Chile.
So after selling Easy Credit, a consumer lending platform he’d built with Rick Rafael Bueno (whom he met in 2015 at a hackathon at Tech de Monterrey), Amozurrutia set out to give Mexicans access to something he believed they’d never had access to: an app-based consumer trading platform.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. Founded in August 2018, Truora was originally focused on background checks for gigster platforms. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco.
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