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, 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

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. Chime was early in telling the market that it was EBTIDA positive , for example, unlike less profitable European neobanks. The Exchange explores startups, markets and money.

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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 was founded by Julian Flosbach (CEO), Chukwudi Enyi (COO) and Moses Nmor (CPO) inspired by the need to introduce ethical debt recovery tools and processes in emerging markets.

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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

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. E-commerce is a hot market in Latin America, with the founders estimating it will grow 30% each year. We recently saw Sleek raise $1.7

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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

JUNE 1, 2021

For the consumer market, its “MeuID” app is aimed at users who want to change the way they identify themselves and share their data. The more digitized companies become, the more client expectations grow — and market competition grows stronger,” Ando said. “The

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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. Our goal is to increase financial inclusion in Latin America and empower small banks and credit unions to serve the underserved markets.”

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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

JUNE 14, 2021

It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets. Brazil’s banking system is a massive market, and one ill-served by incumbents. It has 40 million users across Brazil, as well as Mexico and Colombia.

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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. As is the case in many emerging markets such as India, WhatsApp is widely popular in the Latin American region.

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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. based competitors (such as Thrasio and Perch) in that it is tailored to “the specific needs of the Latin American market and is specifically focused on the Latin American end customer.”.

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TechCrunch

SEPTEMBER 12, 2022

So if one-click checkout startups are struggling to make headway against incumbents in the single-currency, highly digitized and concentrated U.S. market, it might seem impossible for a payment orchestration startup to succeed in the fragmented markets of Latin America.

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TechCrunch

MARCH 22, 2021

With more people in Latin America getting used to making purchases digitally, the company has experienced a major surge in business over the past year. But Ethan Choi, a partner at Accel, said his firm saw in Nuvemshop the potential to be the market leader, or the “de facto” e-commerce platform, in Latin America. billion in 2023. “In

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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

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

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

OCTOBER 7, 2021

Latin America’s second wave of digital transformation. PideDirecto charges customers like a SaaS model, with pricing starting at $1,900 a month, which includes delivery service and marketing tools. Other levels include a website, unlimited ordering and advanced marketing tools. Think of us as Shopify with 30-minute deliveries.”.

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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. As a consequence, Wonder Brands stood out due to its strong brand development capabilities in the rapidly growing Latin American e-commerce market,” he said.

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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

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

JUNE 1, 2021

based Plaid, but more attuned to the Latin American market so it can take in a more diverse set of data to better meet the needs of the various markets it serves. . Belvo currently operates in Mexico, Colombia and Brazil. . Latin America’s digital transformation is making up for lost time.

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TechCrunch

AUGUST 17, 2021

. “With 650 million consumers, Latin America is not only a huge market, but it is the fastest growing e-commerce market in the world,” said Matt Gatto , managing director at Insight Partners. Accel Partner Ethan Choi believes the Latin American e-commerce market has the potential to be just as big as the U.S.

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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 hyperactive open banking market of Latin America: How the region is being APIfied.

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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. Those results are what triggered the company going into the market and looking for capital to keep the pace, Bonilla said.

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TechCrunch

MARCH 22, 2022

From Lolita Taub taking a community-first focus in venture capitalism to Archive tapping into community for marketing buying power. Muni has operations in Colombia, Mexico and Brazil, and over 15,000 community leaders utilize the service, which has grown 20% month over month since its launch in June 2020.

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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.”. and Latin America.

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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. Strauss dreamed up the idea for Datanomik as a solution to some of the pain points he had faced working at AstroPay processing payments in emerging markets.

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TechCrunch

OCTOBER 5, 2021

As the COVID-19 pandemic raged last year, the company launched Buk Starter, a free digital remuneration tool for companies with up to 20 employees. Over the next several years, the company also aims to increase its market share in each of the countries where it operates. Today, the tool is used by 4,000 SMEs.

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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. Overall, the $85 billion e-commerce market in Latin America is growing rapidly, with projections of it reaching $116.2

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TechCrunch

MARCH 16, 2021

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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TechCrunch

APRIL 20, 2022

The e-commerce market in Latin America has been gaining traction over the past two years and is poised to double in size and be valued at more than $100 billion by 2025. Zubale’s operations began in Mexico and have since expanded into Colombia, Costa Rica and Peru. We first connected with the pair back in 2019 when they had raised $4.4

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TechCrunch

MAY 12, 2022

The latest such company in Latin America is São Paulo-based Dock , which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. Meanwhile, its number of active digital banking accounts climbed by 380% year-over-year.

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TechCrunch

SEPTEMBER 12, 2022

He explained that restaurants, hotels and catering companies typically have to go to crowded markets, negotiate with several vendors, verify the quality of the products and arrange for transportation — often having to drive hours to pick it up themselves. Alima grew revenue 10x since January and continues to grow each month in double digits.

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TechCrunch

DECEMBER 8, 2021

CEO Juan Gavito, who was previously in digital advertising, and Garay have backgrounds in private equity and venture capital, while Santiago Gavito was scaling startups. That has enabled Quinio to realize double-digit growth each month so far. For example, in the U.S., there are more than 20, and many are successful.”.

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