TechCrunch

APRIL 27, 2022

In its home country of Colombia, the startup has already had an impact. It partnered with ACH Colombia to work on The Transfiya project, which includes direct read and write API access to 80% of the accounts in the country. Rozic said he was inspired to start Minka when he moved to Colombia five years ago. “I

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TechCrunch

JANUARY 13, 2022

Julián Melo and Marta Forero founded UBITS in Bogota, Colombia, in 2018 after the pair came up with the idea of “creating the Netflix for corporate training for LatAm.” 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. “In

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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

OCTOBER 7, 2021

PideDirecto , a Mexico-based company, is developing a platform that enables local businesses in Latin America to sell directly to their consumers and deliver orders in less than 30 minutes. That is when we started PideDirecto, to enable local businesses to scale their direct-to-consumer sales channels,” Fawzi said. “We

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TechCrunch

APRIL 7, 2021

Kavak , the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. We were built to solve emerging market problems,” García said. This round more than triples their previous valuation of $1.15

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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

APRIL 8, 2022

The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. While its headquarters are located in Cali, Colombia, Muniz said Truora’s new main focus, or highest growing office, is Mexico City. WhatsApp is very commonly used across Latin America by an estimated 80% to 90% of the population. “By

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TechCrunch

JULY 21, 2021

It has also since completed “multiple” acquisitions of local brands operating across a variety of industries, such as beauty, fitness and home goods. 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.

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TechCrunch

SEPTEMBER 12, 2022

Local payment methods account for 68% of online sales, and, depending on the region and merchant networks, merchants must integrate dozens of payment service providers. 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

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. On top of that, the $85 billion e-commerce market in Latin America is growing rapidly with projections of it reaching $116.2 Separate markets require distinct knowledge.

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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

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. . For example, Viguera told TechCrunch that some gig-economy companies in Latin America are issuing their own cards that allow workers to cash out at small local shops.

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TechCrunch

MARCH 22, 2022

The market looked very different in January and February than it did in December.”. The company says it provides the underwriting, credit in local currency and the payment rails “for any business spend across countries and currencies.” So just what does Jeeves do exactly? Image Credits: Jeeves. It’s just massive.”.

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TechCrunch

JUNE 25, 2021

Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset management in the region. May 2021. 480.7 548%. *Each figure corresponds to the end of each month.

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TechCrunch

JUNE 2, 2021

The startup’s offering is currently live in Mexico — its largest market — as well as Colombia, Canada and the U.S., Dileep Thazhmon and Sherwin Gandhi founded Jeeves last year under the premise that startups have traditionally had to rely on financial infrastructure that is local and country-specific.

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TechCrunch

OCTOBER 21, 2021

The remote-first fintech started in Argentina and has since launched operations and offices in Brazil and Mexico with plans to also expand to Chile and Colombia. Cards have an estimated payments volume of $900 billion per year, and yet 95% of these transactions are being processed by local incumbents, asserts Pomelo.

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TechCrunch

OCTOBER 5, 2021

The company plans to use its new capital primarily to accelerate its growth in Mexico, consolidate the market in Colombia and Peru (Where it expanded in 2019 and 2020), double down on technology and product development and toward the acquisition of new companies at the regional level.

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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. million to put locals to work over their phones.

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The Verge

JUNE 8, 2021

Other countries where Private Relay won’t be available include: Belarus, Colombia, Egypt, Kazakhstan, Saudi Arabia, South Africa, Turkmenistan, Uganda, and the Philippines. The move is the latest concession Apple has made in order to offer its services in China, a market which Reuters notes accounts for almost 15 percent of its revenue.

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TechCrunch

MAY 30, 2022

Others include developing its proprietary technology stack and growing its three models — where it makes $5 million in MRR — across existing and new markets, it said in a statement. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan.

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TechCrunch

DECEMBER 2, 2021

He also wants to launch in additional cities in Brazil, Mexico, Colombia and Chile in Latin America and expand in the United States — more to come soon on that, Wenzel teased. Powered by local stores, JOKR joins the 15-min grocery race with a $170M Series A.

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TechCrunch

APRIL 7, 2022

Jüsto , the Mexico City-based online grocer, continues to run on all cylinders with a goal of saturating the Latin American market. Weder planned on using the Series A funding to expand across Mexico and Latin America — a market he told me represents a $600 billion opportunity — and that’s just what the company did.

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TechCrunch

FEBRUARY 16, 2021

and Europe, none had emerged in the Latin American market. But Valoreo says its approach has been tailored to “the specific needs of the Latin American market and is specifically focused on the Latin American end customer.”. And while there are a number of such startups based in the U.S.

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TechCrunch

JULY 1, 2021

In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. So what exactly has driven so much growth for Mercado Bitcoin?

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TechCrunch

FEBRUARY 16, 2021

and Colombia, including Amazon, NASCAR, Weee!, Looking ahead, it plans to use its new capital to expand into new markets (it’s currently operating in about 12 states), boost its headcount of 20 and accelerate its tech roadmap. “In And Miami benefits from the virtuous circle of higher employment and strong local businesses.”.

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TechCrunch

DECEMBER 8, 2021

And although the company is initially looking at acquiring 30 brands, Gavito estimates there are 100,000 sellers across Latin America that fit its strategy among a market worth $105 billion. There are just a few players in such a large market, so there is opportunity for all of us to have successful companies and business models.

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The Verge

SEPTEMBER 9, 2020

Waze will also close several of its offices in the Asia-Pacific and Latin America regions as it seeks to refocus its business on certain markets. Of the 30 people receiving pink slips, most are from the company’s sales, marketing, and partnerships divisions. Waze will “rethink priorities,” CEO Noam Bardin said in the email.

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TechCrunch

MAY 5, 2021

Bitso says its “global-minded” product offerings fit the needs of local customers in Mexico, Argentina and now Brazil, where it just launched its retail operations. In January, the Financial Superintendence of Colombia announced Bitso as one of the authorized companies in its Sandbox and crypto pilot program. Image Credits: Bitso.

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TechCrunch

FEBRUARY 24, 2021

where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 USD) — many people must buy calling cards at local shops to add credit to their phones, which allows them to avoid a monthly recurring bill. Unlike in the U.S.

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TechCrunch

AUGUST 2, 2022

With its new capital, Mudafy’s immediate priority is to expand to more cities in Mexico, a market it entered in 2020. Longer term, it is exploring the possibility of moving into other Latin American markets such as Colombia, Perú and Chile. Latin America’s slowing VC market hides local strength.

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The Verge

JULY 7, 2020

It’s Uber’s first major move into the competitive world of online grocery shopping since acquiring Cornershop , a leading online grocery provider in Chile, Mexico, Peru, Canada, Brazil, and Colombia. But the company has also moved fast to abandon its unprofitable markets, recently shuttering its Eats business in eight countries.

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TechCrunch

MAY 10, 2022

Despite the popularity of the model, it appears there are a variety of applications for which BNPL is just being tapped, and smaller players are carving out a niche as the retail market grows crowded. Smaller BNPL providers could struggle in markets where bigger players have already established a presence. Jonathan Whittle. In the U.S.,

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TechCrunch

APRIL 21, 2022

We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. We have now become fully gross profit positive on a group level for our local business across all of our countries after 12 months of operations.

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TechCrunch

MAY 12, 2022

Co-founder Marcelo Jacques noted that when the company started to talk to the market about what it did, essentially explaining what infrastructure in fintech and payments meant, “it was difficult.”. And so w e spent a lot of time talking about the value that we bring to the market. People didn’t get it,” he told TechCrunch.

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TechCrunch

NOVEMBER 8, 2021

In addition, Parallel18 released a talent app for freelancers, students and professionals to find and apply to work with local international startups. Giving local populations more opportunities to start small online businesses would stimulate new income streams to support their families and communities.

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TechCrunch

APRIL 20, 2022

In a TC+ analysis, Jacquelyn wonders how the market is going to survive the volatility and the outliers-driven market dynamics. Get the broom; it’s a mess! Love ‘em or loathe ‘em, NFTs are all the rage, and a small subset of people are raking in the cash in the process. You want more?

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TechCrunch

AUGUST 19, 2022

Anish: If you were building a startup five,10 or certainly 15 years ago, most of the work in focus was very local, meaning you were what we call ‘default local.’ But the problem of course, is that even though software is global, money is very much local. TC: I think that’s an interesting point.

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