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

TechCrunch

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. Overall, the company has been seeing a growth rate of 30% per month, the founders said. Chile was home to another large funding earlier this week.

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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. After the exit, he admits he was a bit lost in life. .

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Last-mile delivery in Latin America is ready to take off

TechCrunch

E-commerce in LatAm has taken off at a compound annual industry growth rate of 16% over the past five years. That leaves major Spanish countries like Mexico, Colombia, Chile and Argentina without a leading independent last-mile logistics company. The holdout: Latin America.

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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. and Canada. The company raised $31.7

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Ocular Solution brings video chat to the customer journey

TechCrunch

This desire to talk to a real person explains why Moya sees video chat as an efficient way to reduce cart abandonment rate — a major issue for e-commerce. Aggregating data from 44 studies, UX research institute Baymard estimated the average documented online shopping cart abandonment rate at near 70%.

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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. Buying a vehicle is often out of reach for people, and through Migrante’s lending model and vehicle connections, the company is able to offer an average APR of 26% compared to other car dealerships in Chile, where it is often over 30%.

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Skydropx taps new funding to expand logistics automation across Latin America

TechCrunch

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.”.

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