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

TechCrunch

Xepelin is built on a SaaS model designed to give SMEs a way to organize their financial information in real time. 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. It has 110 employees, up from 20 a year ago.

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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. Fleischmann explained that Migrante’s lending model further differentiates itself from competitors in that it uses information about work history and income to determine the kind of vehicle they need and if they have the ability to repay the loan. “We

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Wonder Brands’ pivot to acquiring e-commerce infrastructure pays off

TechCrunch

Few are seeing venture capital come their way in recent months, save for companies such as Una Brands and Razor , which may allude to how well Wonder Brands developed its business model. Malek explained that the model didn’t pan out, noting the company “found it challenging to identify successful digital brands in that range.”

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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. in 2021 from 2.3% in 2020 for LatAm as of August.

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Peruvian startup Leasy secures $17M in debt, equity to provide auto loans to LatAm ride-hailing drivers

TechCrunch

Leasy, a startup that offers automobile financing to ride-hailing drivers in Latin America via a subscription model, has secured $2 million in equity and $15 million in debt. Lima-based Leasy is different, said Gilardini, in that its interest rates are far lower and terms much more flexible.

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

TechCrunch

Iker introduced us to Thrasio’s business model and we got excited,” Juan Gavito told TechCrunch. “We The company will kick off the new year with 10 brands representing $10 million revenue run rate. After acquisition, the Quinio team focuses on increasing sales, operations efficiency and optimizing cost structures.

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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

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.

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