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Governments should invest in their diaspora founders

TechCrunch

We are brainstorming a new solution to a widespread challenge in many countries: How to develop a self-sustaining, independent local tech ecosystem. We propose that governments should systematically support funding for their diaspora founders, not just founders locally. innovation economy at a vastly disproportionate rate.

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For LatAm payment orchestration startups, market fragmentation is a blessing in disguise

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. Local payment methods account for 68% of online sales, and, depending on the region and merchant networks, merchants must integrate dozens of payment service providers.

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Ecuadorian payments infrastructure startup Kushki lands $100M at a $1.5B valuation

TechCrunch

Specifically, it enables LatAm businesses to a ccept payments globally and receive money in their local currency. At the same time, Kushki claims its infrastructure can help boost acceptance rates and reduce fraud. Today, the startup operates in five countries: Ecuador, Mexico, Peru, Colombia and Chile.

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UBITS snags $25M to create ‘the Netflix for corporate training’ in LatAm

TechCrunch

The startup also today has a “very powerful dashboard,” according to Melo, where companies can track all the learning analytics and see the number of courses, completion rates, ranking of courses and a number of other metrics. The startup also partners with “top local experts” to offer micro courses and live classes.

Train 111
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Latin America’s second wave of digital transformation

TechCrunch

Ranging from the rapid adoption of sustainable technologies to the welcoming of a new local creator economy, we detail the surprising changes the pandemic has brought to consumer preferences, workplace dynamics, business models and the geopolitical influence on the fast-changing tech sector. Total unicorn market cap 2021 LatAm.

Digital 90
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Quinio jumps into world of e-commerce aggregators with $20M seed

TechCrunch

The company will kick off the new year with 10 brands representing $10 million revenue run rate. The company will also expand its staff — at 33 people today — to over 100 by the end of next year as it begins looking for brands outside of Mexico in Chile, Colombia, Brazil and Argentina.

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Mercado Bitcoin, Brazil’s first crypto exchange, raises $200M from SoftBank

TechCrunch

In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. So what exactly has driven so much growth for Mercado Bitcoin?

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