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

JUNE 7, 2022

The startup had raised $86 million in the first tranche of the financing in June of 2021 at a post-money valuation of $600 million. Since then, we have just gotten more ambitious and continued to grow so we needed more money to fuel more growth,” Schwarzkopf said in an interview with TechCrunch. Europe, APAC and Brazil.

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TechCrunch

JUNE 2, 2021

A high-profile group of angel investors also put money in the round, including NFL wide receiver Larry Fitzgerald and the founders of five LatAm unicorns — Nubank CEO David Velez, Kavak CEO Carlos Garcia, Rappi co-founder Sebastian Mejia, Bitso CEO Daniel Vogel and Loft CEO Florian Hagenbuch.

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TechCrunch

APRIL 7, 2021

“In Latin America, 90% of the [used car] transactions are informal, which leads to a 40% fraud rate,” said García, who experienced these challenges firsthand when he moved to Mexico from Colombia a couple of years ago and bought a used car. . “My My budget allowed me to buy a used car, but there was no infrastructure around it.

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TechCrunch

MARCH 10, 2021

Villadiego was born and raised in the colonial port town of Cartagena, Colombia. Easy Solutions caught the eye of tech heavyweight — and Miami local — Manny Medina of the eponymous Medina Capital, who invested in the company’s first round. “I Villadiego said he can focus entirely on the work.

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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. Wind Ventures gears up to invest in startups looking at Latin America.

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TechCrunch

OCTOBER 5, 2021

Interestingly, a group of founders from unicorns such as Rappi, Kavak, Konfio, GBM, Ualá and Brex also put money in the round. In September alone, Buk says it grew 7% in Chile, 20% in Colombia, and 23% in Peru month-over-month. . Why global investors are flocking to back Latin American startups. Today, the tool is used by 4,000 SMEs.

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TechCrunch

MARCH 22, 2021

ThornTree Capital and returning backers Kaszek, Qualcomm Ventures and others also put money in the round, which brings Nuvemshop’s total funding raised since its 2011 inception to nearly $130 million. It also plans to expand into other markets such as Colombia, Chile and Peru over the next 18-24 months.

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TechCrunch

FEBRUARY 16, 2021

and Colombia, including Amazon, NASCAR, Weee!, It is “slightly” profitable and has been re-investing that money into growing the business. And Miami benefits from the virtuous circle of higher employment and strong local businesses.”. And it has about 50 clients in the U.S.

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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

FEBRUARY 16, 2021

Generally Valoreo acquires the majority of the business, with the purchase price typically being a combination of an upfront cash payment and a profit share component so sellers can still earn money. Our mission is to be a pan-Latin American player providing value to the entire region,” Martin Florea said. In the U.S.

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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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TechCrunch

AUGUST 2, 2022

Longer term, it is exploring the possibility of moving into other Latin American markets such as Colombia, Perú and Chile. Ultimately, Mudafy says, its end goal is to help people close homes faster and for less money. Latin America’s slowing VC market hides local strength. Image Credits: Mudafy.

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TechCrunch

AUGUST 14, 2022

The company says it’s currently working with over 5,000 businesses across Mexico, Brazil and Colombia with ambitions to double that number by year’s end. These terms can be used by the lender to block the startup from either drawing down the money or creating a default after the money has been drawn.

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TechCrunch

APRIL 20, 2022

Meanwhile, in the most life-imitates-art ( looking at you , “Silicon Valley”) story I’ve written for TechCrunch to date, Social Local Mobile Commerce (SoLoMoCo) app Tulu raised a chunk of cash to bring the sharing economy to your apartment building. Get the broom; it’s a mess! You want more? What pandemic!

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TechCrunch

MAY 10, 2022

Notably, unique local characteristics challenge a one-size-fits-all approach. For example, BNPL companies based in LATAM must weigh an array of variables included in the risk model differently based on consumer behaviors natively bound to the characteristics of the local market. healthcare, home construction, etc.).

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TechCrunch

AUGUST 7, 2022

We have seen several high-profile companies raising new money at much lower valuations, which shows this is starting to happen,” Ruark said. There is plenty of money available, but investors are looking for stronger performance, profitable performance. The startup says it will also continue to grow its local presence and team in EMEA.

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Qgiv

SEPTEMBER 15, 2021

Andrea Ortega, Director of Nonprofit Services Andrea hails from Cali, Colombia by way of Miami, FL. Then tell everyone you can about how you’re raising money. Use this meeting to determine what you want to raise money around, whether general operating or a specific project. Pitch your local press. Collaborate.

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Connection Cafe

AUGUST 26, 2020

That network supports local leaders in improving education policy through advocacy. Local communities were. We wanted to share stories of that help and local support, otherwise everything would have been confounded in misery. We had to work closely to support local clubs in navigating this. People have lost their jobs.

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TechCrunch

JULY 20, 2021

“We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products.” And he’s raising plenty of money to aim at that goal. But that local aspect also builds sustainability into the model. Latin America and Europe.

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TechCrunch

JUNE 1, 2021

Unlike many other fintechs in Latam that are out to help the unbanked, Kushki works behind the scenes building the tech infrastructure that companies like Nubank use to transfer money. We realized there was a gigantic opportunity to democratize and create infrastructure to move money,” Schwarzkopf told TechCrunch. “We

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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. Below is a table that shows their growth including money managed and percent growth each year since launch. Annual Growth.

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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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Have Fun - Do Good

APRIL 2, 2008

I think what makes us unique is that we are really investing in women's leadership and women's creativity in developing local solutions to some of the world's most challenging problems. What could I do to raise more money for you? It works in over 160 countries around the world. Somehow that's never the question I get asked.

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