TechCrunch

APRIL 20, 2022

Notably, both are based in Colombia but provide services across the Latin America region (and in the case of Ding, globally ). Department of Commerce that estimate Colombia alone to have the fifth largest e-commerce market in Latin America, which as a region is projected to reach 260.2 The company quotes figures from the U.S.

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TechCrunch

FEBRUARY 11, 2021

The company, based in Bogotá, Colombia and currently sporting a team of 13, is working to bring digital transformation to the smallest of enterprises: namely single-operator small stores. Lockdown in Colombia forced many small businesses online in a hurry. How is it managing to grow so quickly?

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TechCrunch

OCTOBER 27, 2020

By digitizing what had been a primarily analog industry, the company has managed to hit a $10 million revenue run rate and sign up 3,000 stores since its launch eight months ago. And that’s just in Colombia alone, said Lafaurie. “Colombia was the most-locked-down country in the whole world.

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TechCrunch

JULY 29, 2021

IDC Ventures, Digital Bridge and IDB Invest co-led the round, which also included participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and previous shareholders. The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception. Image Credits: Merqueo.

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TechCrunch

OCTOBER 11, 2022

It is digitizing that process so they can more easily sell from home. Founder and CEO Zach Oschin started the Colombia-based social commerce company in 2018 (and participated in our Latin American Startup Battlefield that year) to move the traditional independent sales process online.

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TechCrunch

OCTOBER 27, 2021

billion in capital, with investors such as Sequoia Capital, Tencent, Ribbit Capital, Kaszek, QED Investors and others, At that time, Nu had 40 million users across Brazil, Mexico and Colombia. Its sheer number of users makes Nubank the largest digital bank in the world in terms of customers. Since its 2013 inception, Nu has raised $2.3

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TechCrunch

APRIL 16, 2021

Today, the Colombia-based company announced a $3 million pre-Series A led by MatterScale Ventures and Kayyak Ventures. In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. .

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TechCrunch

NOVEMBER 11, 2021

Santiago-based Houm plans to use the new capital mostly to expand to 15 new cities across Mexico, Colombia and Chile — the three countries in which it currently operates — as well as to triple its current headcount of 350. The startup had used its seed capital to expand and consolidate in Bogota, Colombia, and Mexico City. (It

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TechCrunch

JANUARY 7, 2022

million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.

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TechCrunch

JUNE 7, 2022

Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. The end goal is to help these businesses — such as digital banks — grow faster online and drive consumer adoption of digital payments. Europe, APAC and Brazil. billion. .

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TechCrunch

APRIL 12, 2023

Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala , a Colombia-based company building fintech infrastructure for lending. Kala will also continue to focus on Colombia and Mexico this year. We turn any lender into a fintech lender,” Alemán told TechCrunch.

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TechCrunch

NOVEMBER 1, 2021

As the neobanking boom has matured into a collection of large digital banks, we’re slowly getting a better picture of the economics of such business efforts. Nubank is one of the most valuable startups in the world, with over 40 million users across Brazil, as well as Mexico and Colombia. The Nubank EC-1.

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TechCrunch

JUNE 1, 2021

Some of the functionalities they build enable both local and cross-border payment players in credit and debit cards, bank transfers, digital cash, mobile wallets, and other alternative payment methods. “We The company, which was founded in 2017, already has operations in Mexico, Colombia, Ecuador, Peru, and Chile.

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TechCrunch

JULY 8, 2022

Co-founders Roberto Enrique Kafati Santos and Jose Maria Serrano started the company after a career at McKinsey leading digital payments for Kafati Santos and in private equity at Carlyle for Serrano. During that time, Colombia-based Addi said it was getting into the one-click space after taking in a $75 million extension to its Series B.

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TechCrunch

JULY 1, 2021

Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. million to become Latin America’s digital shipping answer to Flexport. The company currently has offices in Mexico, Chile, Colombia, and Uruguay. A number of angels also put money in the round, including Justo.mx

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TechCrunch

JUNE 1, 2021

In general, the pandemic’s drive to digital led to a massive increase in the number of digital bank accounts, mobile payment services and also of companies adjusting to digital platforms and/or expanding their digital operations — leading to a boom in business for idwall. Image Credits: idwall.

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TechCrunch

MAY 26, 2022

OlaClick, a young startup that is helping these restaurants sell online and collect money digitally, announced on Thursday it has received backing from scores of investors, including Gradient, Meta and Delivery Hero. More than 80% of food delivery orders in Latin America are still made over phone calls and settled with cash.

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TechCrunch

SEPTEMBER 8, 2021

The company, which has dual headquarters in Bogota, Colombia, and São Paulo, Brazil, declined to reveal its new valuation other than to say it is “nearly triple” what it was 90 days ago when it closed on the first tranche of its Series B, and that it is now in the “hundreds of millions” of dollars range.

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TechCrunch

APRIL 8, 2022

Truora participated in Y Combinator’s Winter 2019 cohort and soon after expanded into digital identity and authentication technologies. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. That March, it raised $3.5 million in a seed round co-led by Accel and Kaszek at a $15 million valuation.

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TechCrunch

MARCH 29, 2022

Initially starting in Venezuela, now with $30 million in Series A funding and $80 million in a debt facility, it is moving into both Colombia and Mexico. As mentioned, the latest funding enables Migrante to launch in Colombia and Mexico and offer new products, including rent-to-own and electric vehicle financing products.

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TechCrunch

JUNE 14, 2021

It has 40 million users across Brazil, as well as Mexico and Colombia. Part 4: Market expansion and future “ Which Nubank will own the financial revolution? ” (2,250 words/9 minutes) — Evaluates Nubank’s expansion into Mexico and Colombia, the competitive landscape in Brazil, and the challenges that lie ahead.

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TechCrunch

MAY 6, 2021

Latin America is home to a growing base of digital users, enabling regulation and reforms, and vibrant small businesses. The next two funded fintech categories are credit and digital banking. Investors are enthused about the future of insurance, payments, and digital banks. Image Credits: Briter Bridges & Catalyst Fund.

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TechCrunch

JULY 21, 2021

It plans to use the new capital mostly to continue acquiring e-commerce brands across Mexico, Brazil and Colombia as well as to do more hiring. The company declined to break down how much equity it raised in its seed round, but including debt, Valoreo has secured $80 million since inception.

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TechCrunch

NOVEMBER 18, 2021

Most of these relationships are largely managed manually and on paper, but Chiper developed an e-commerce ecosystem for corner stores that is shifting that relationship into the digital realm. Chiper , founded in 2018 by CEO Jose Bonilla, is already the primary supplier and operating system for over 40,000 corner stores. “The

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TechCrunch

MARCH 22, 2022

In Latin America, where being a part of a community is important, we see startups, like Trela in Brazil and Muni in Colombia, bringing people together under a common need — in Muni’s case, the purchase of everyday essentials. The latest funding gives Muni a total funding of about $27 million.

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TechCrunch

MAY 9, 2022

Mentum is out to change that in Latin America, and is working on customizable investment APIs and widgets so businesses in Latin America can build and offer fully digital investment products, like local mutual funds, ETFs and stocks, to their customers. The products are also compliant with local regulations.

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TechCrunch

JULY 1, 2021

Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Then in 2020, the company issued Futecoin, the world’s first digital asset based on FIFA’s solidarity mechanism. . “We billion, ranking it among the top 10 unicorns in Latin America. .

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TechCrunch

APRIL 20, 2022

Morado, a two-month-old Colombian startup aiming to digitize beauty salons in Latin America, has raised $5 million in a pre-seed round from a bevy of global investors. Eight-five percent of beauty salons have still not adopted any kind of digital tool. The industry lacks technology in every aspect.”.

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TechCrunch

JUNE 1, 2021

Since launching its platform last year, the company says it has built a customer base of over 60 companies across Mexico, Brazil and Colombia, handling millions of monthly API calls. . Belvo currently operates in Mexico, Colombia and Brazil. . Latin America’s digital transformation is making up for lost time.

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TechCrunch

OCTOBER 13, 2020

Operating as Nuvemshop in Brazil and Tiendanube in the rest of the region, the company has offices in São Paulo, Buenos Aires and Mexico City, with plans to expand into Colombia and Peru in 2021. Latin America’s digital transformation is making up for lost time. and managing director at Qualcomm Ventures Latin America.

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TechCrunch

AUGUST 17, 2023

We profiled the company in 2021, about seven months after the company first launched to acquire digital brands in the MercadoLibre and Amazon ecosystem. 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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TechCrunch

OCTOBER 7, 2021

Latin America’s second wave of digital transformation. PideDirecto will also look into marketing and to scale its presence in Mexico as well as expanding into new countries, like Colombia and Costa Rica, by the end of next year. Think of us as Shopify with 30-minute deliveries.”. Today, the company announced an oversubscribed $5.25

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TechCrunch

DECEMBER 9, 2021

Merama , which acquires or launches Latin American digital brands, hit a $1.2 Today, Merama has more than 180 employees and a portfolio of 20 brands across Mexico, Brazil, Chile, Colombia and Peru. It is a new growth channel that incubates and launches digital D2C brands in multiple categories in-house. “We billion in 2023.

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TechCrunch

OCTOBER 26, 2021

Across Latin America, e-commerce purchases are expected to grow by double-digits annually by 2024. The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. Anyone purchasing something online has had that one instance where the delivery method failed.

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TechCrunch

SEPTEMBER 14, 2021

It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. The firm also says it has participated in “significant value uplift” for portfolio companies, including 4.4x each for Kavak and VTEX; 2.6x for QuintoAndar and 3.5x for Banco Inter (as of June 30).

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TechCrunch

MAY 24, 2021

Today, more than two decades later, technology secular trends are stronger than ever before as we are experiencing an acceleration towards digitalization.”. Latin America’s digital transformation is making up for lost time.

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TechCrunch

MARCH 31, 2022

DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users. He added that Datanomik also has its sights set on Mexico and Colombia, which are both in the process of adopting an open banking system as well, though they are in earlier stages than Brazil.

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