TechCrunch

NOVEMBER 1, 2021

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. Leading startups and unicorns in the market niche have raised tectonic sums of capital to get to where they are today. The Nubank EC-1.

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TechCrunch

AUGUST 30, 2021

How does the Peruvian market behave compared to the United States? Latin America’s market has evolved over a very long time — as long as Silicon Valley and any other hub. VCs have more money than ever, and it’s getting increasingly expensive to invest in North America. Investors should look for younger markets.

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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

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

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

APRIL 8, 2022

Propel Venture Partners and Accel led the investment for Truora, which valued the company at $75 million post-money. . 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.

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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

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

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 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

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

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

APRIL 6, 2023

This means that SoftBank still has $400 million to back companies across LatAm, with about 50% of that money going to new investments and the other half going to existing portfolio companies. That marked the fourth straight quarter in which SoftBank Group has reported losing money.

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TechCrunch

FEBRUARY 2, 2022

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.

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TechCrunch

MARCH 31, 2022

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. Eventually, Strauss hopes to expand the product across the LatAm region to businesses in Uruguay, Peru, Argentina and other countries that face similar challenges.

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TechCrunch

APRIL 13, 2022

The Exchange explores startups, markets and money. Colombia: $457 million, up 56% from Q4 2021. Our first instinct was to dive deeper into the discrepancies between, say, Mexico and Colombia, but Lewy questioned this approach. Finding out why will keep us busy over the week — but today, our focus will be Latin America.

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TechCrunch

FEBRUARY 4, 2021

we take for granted the ability to invest and trade in the stock market. So while we can get in an uproar about the various ways Robinhood may or may not be acting responsibly, it can be easy to forget that not everyone in the world has the same access to potentially making — or losing — money via trading as we do.

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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. Over the next several years, the company also aims to increase its market share in each of the countries where it operates. Why global investors are flocking to back Latin American startups.

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TechCrunch

MARCH 24, 2022

A startup that is a blend of the two can be found in Bogota, Colombia-based Simetrik , which just raised $20 million in a Series A funding round at a valuation “north of $100 million.”. We’re seeing rapid growth in the payment methods space at a global level, with new companies coming onto the market everyday.”.

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TechCrunch

JULY 1, 2021

A number of angels also put money in the round, including Justo.mx The company currently has offices in Mexico, Chile, Colombia, and Uruguay. To familiarize himself with the market for which he’d be developing a technology, Casal worked with a freight forwarder in Kansas City that had been operating for more than 30 years.

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TechCrunch

JULY 13, 2021

He recalls pre-selling his inventory at a discount in order to get the money to import the goods. Banks in Latin America have a saying that ‘they lend money to people who don’t need it.’ Families with money can access the banks, but you can’t launch a business without capital, and many owners lack that access to banks.”.

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TechCrunch

APRIL 20, 2022

A group of angel investors also put money in the round, including Simon Borrero, founder of Colombian on-demand delivery unicorn Rappi; Frubana founder Fabian Gomez; Tul’s Enrique Villamarin; and founders from Truora and Chiper, among others. In fact, Morado is part of a16z’s new START program. and Latin America.

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TechCrunch

MARCH 31, 2022

It’s also a test for the company going public despite a market that’s been unfriendly toward combinations with special purpose acquisition companies, or SPACs, of late. . million raised by the SPAC was withdrawn — particularly as the SPAC hype gives way in the face of an underperforming market and tighter regulation.

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TechCrunch

FEBRUARY 24, 2021

RecargaPay originally had operations in various Latin American countries, such as Argentina, Chile, Colombia, Mexico, Peru and Brazil, as well as in Spain and the U.S. But in 2016 the company decided to focus on the Brazilian market, because not only is it the biggest in LatAm, but it also has the highest penetration of credit cards. .

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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. 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.

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TechCrunch

DECEMBER 2, 2020

Its founders, Mateo Jaramillo and Stiven Rodríguez Sánchez, are both ex-Uber employees, which is how they wound up in Mexico from their native Colombia. The founding duo told TechCrunch their original idea, something similar to OYO, was what they went through Y Combinator and initially raised money for. Another 20,000 are in line.

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TechCrunch

APRIL 3, 2023

Kaszek plans to put money in 20 to 30 companies out of its early-stage fund (at the seed, Series A and Series B stages), with check sizes ranging from $500,000 to $25 million, according to Hernán Kazah, Kaszek’s co-founder and a managing partner. While that frenzy has tapered off some ( $7.8 billion in capital.

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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

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. Image Credits: Mudafy.

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TechCrunch

FEBRUARY 25, 2022

It claims that it offers loans that are “built around the needs” of a ride-hailing driver at competitive prices that match rental market prices. For many, it was the only way to be able to have access to the job market they wanted to pursue. It also requires a down payment of 5%, compared to the 20% to 30% required by most banks.

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TechCrunch

AUGUST 7, 2022

In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.”. We are starting to see some of the public market valuations impact private market valuations.

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TechCrunch

OCTOBER 20, 2022

Rideshare vehicle lending is a crowded market. Depending on how much money the driver makes, they’re able to allocate up to 30% to loan repayment. The program imposed restrictions on drivers as well, prohibiting them from making money using their vehicles to work for other services. ” Image Credits: Uils.

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TechCrunch

JUNE 30, 2022

With their first fund, they backed over 29 companies in 12 sectors across Brazil, Mexico, Colombia and Chile. MAYA helps companies primarily from seed to Series A in a few ways: hiring, go-to-market and fundraising. Two of those investments became unicorns — food tech company NotCo and e-commerce aggregator Merama.

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TechCrunch

DECEMBER 1, 2021

Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round — which the startup said values its business at $2.35BN (post-money). Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus.

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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. It’s pretty exciting to see travel apps raising money again after a two-year drought. Get the broom; it’s a mess! Group travel planning is back : Pandemic? What pandemic!

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TechCrunch

AUGUST 21, 2022

” You have to put it in perspective — we’re still way, way up from 2020 in terms of how much money is going into this space. According to Natasha: “The layoffs – conducted over the last month – are related to Stripe’s decision to wind down TaxJar-focused go-to-market efforts in late July. ” Read more here.

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TechCrunch

JULY 10, 2022

It’s clear that LatAm is not immune to the housing market downturn in the face of rising interest rates, among other things. and Europe and “accelerate its expansion into new markets.” El Salvador–based fintech n1co (read: nee-koh) has raised $12 million at a post–money valuation of $64.8 Fundings and M&A. Deal of the Week.

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