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

TechCrunch

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.

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Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual

TechCrunch

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

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

TechCrunch

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. .

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Uber to become the sole owner of grocery delivery startup Cornershop

TechCrunch

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

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Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services

TechCrunch

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. .

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

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.

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