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Uils wants to lend LatAm’s rideshare drivers cash based on their driving record

TechCrunch

The interest rates range from 0% for the micro loans (for a weekly subscription of $1 to $2) to 145% for the consumer loans. That’s quite a wide range — and sounds sky-high — but Costanzo says it’s reflective of the equally high inflation rate in Argentina, the country where Uils first launched.

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Astro emerges from stealth to connect Latin American developers with US tech companies

TechCrunch

In a February poll by Infragistics, more than half (53%) of software developers and IT professionals said that the biggest challenge this year will be recruiting developers with the right skills. OwnLocal couldn’t dictate pay rates, benefits and perks, and had little visibility into the work that was being done beyond a monthly invoice.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

On the other, market sentiment is largely pessimistic and the outlook for interest rates and inflation is challenging.” This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru. The firm said: “On one hand, the fundamental trends that have been driving activity remain in place.

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To fight the pandemic, a Brooklyn restaurant turned to tacos

The Verge

The COVID outbreak has disproportionately impacted the Latin community, with high rates of cases, deaths, and economic losses. The boxes of vegetables that the city gave us lacked, for example, tortilla, chile, or cilantro that our community needs to cook.”

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