This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In total over its lifetime, Xepelin has raised over $36 million in equity and $250 million in asset-backed facilities. 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. LatAm- and U.S.-based billion valuation.
Fintual is an automated passive investment platform that allows the average person in Chile or Mexico to invest in mutual funds containing ETFs (Exchange Traded Funds), investment vehicles that aren’t as well known, or as readily accessible in Latin America. To date, the company has raised about $15.2 May 2019. 12.9
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.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Also, the country has seen some of the lowest interest rates on record, which he said has fueled the development of the alternative assets industry. .
Uber CEO Dara Khosrowshahi said in a statement that the company’s grocery and new verticals business has exceeded a $3 billion annual bookings run rate for this year. Cornershop, which is headquartered in Chile, was founded in 2015 by Oskar Hjertonsson, Daniel Undurraga and Juan Pablo Cuevas. The company raised $31.7
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. Citing Crunchbase data, Belvo believes the round represents the largest series A ever raised by a Latin American fintech. Belvo currently operates in Mexico, Colombia and Brazil. .
To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. Marco wants to take that worldwide,” Silva Lombardi said. Teichman joins after 11 years with the U.S.
Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 The startup had raised $86 million in the first tranche of the financing in June of 2021 at a post-money valuation of $600 million. Europe, APAC and Brazil.
The company has been able to increase acceptance rates by 40% and prove out about three times higher conversion rates, he said. Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation. We recently saw Sleek raise $1.7 We recently saw Sleek raise $1.7
Venture capital continues to flow into Latin America at a staggering rate. Brazil and Mexico continue to lead as regions where many startups are getting funding, but as LAVCA’s statistics show, some of that investor love is being spread around to other countries like Colombia, Argentina and Chile. million Series A last October.
Mudafy , a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. Today, he says Mudafy is operating at a run rate of “over 2x” of what it did in 2021. In total, the startup has raised $13 million.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. The penetration rate is still small, but we see that significantly change 10 to 100 times over the next couple of years.”.
At the time, Wonder Brands raised $20 million in venture capital. SellerX acquires US e-commerce roll-up rival Elevate Brands in an all-share deal, raises $64M+ Achieving growth Wonder Brands uses data from online marketplaces to create products. billion, showing an annual growth rate of 23%.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. They applied to Y Combinator, raised a seed round and went back to Colombia to create a program and courses that launched in January 2019. It also plans to double its team of 280 this year.
We previously reported on the company last February when it raised $65 million in a Series A round led by General Atlantic. fulfillment rate over the past 12 months. Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A. Before, it was 1% and now it is 3% and growing aggressively.”. is poised to be a $187.7
Traditional financial institutions charge outrageous interest rates and require hefty down payments, making it nearly impossible for members of a lower-income population to afford to purchase their own car. Lima-based Leasy is different, said Gilardini, in that its interest rates are far lower and terms much more flexible.
Some of the questions raised by Latin America’s VC deceleration are the same as elsewhere: How can private investment into startups sustain an accelerated pace when interest rates are rising and public valuations are tanking? Chile: $182 million, down 17% from Q4 2021. Mexico: $258 million, down 59% from Q4 2021.
One of its early customers is Babytuto , a parent and baby product retailer in Chile that initially worked with the company for Cyber Monday. The company raised $8 million in seed funding that values the company at a whopping $110 million.
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. On the market expansion front Payflow is planning to launch into two more markets outside Spain, in addition to Chile and Columbia where it is already offering a service.
The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. “We Klarna recently raised $800 million at a $6.7
The potential of AI tools like ChatGPT creates a similar dilemma — should companies license large language models without modifications, or customize them and pay much higher usage rates? Image Credits: Bryce Durbin/TechCrunch Dear Sophie, I am currently working in Seattle having relocated from Chile on an L-1B visa.
In this study , acceptance rates of women candidates rose from 18% to 30% by obscuring the gender in the application. In Chile, where I founded my company, 77% of women entrepreneurs use their own savings as financing, while only 14% have obtained co-financing from state or private programs.
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.
Business is booming in Latin America: Startups raised $9.3 With so many companies raising significant funds in a short time, competition to find a high quantity of high-quality workers is fierce. AI companies have garnered some of the most attention in Latin America this past year, raising a total $862.6
I heard from CEOs whose center is the only one in their entire country (Chile), educators who work with students who have never encountered a computer before entering the science center (South Africa), and web managers whose sites are locked behind federal government firewalls and draconian restrictions (Australia).
These include deep breath Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru and Uruguay. Sony Other countries saw (previously announced) price increases go into effect on Wednesday.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content