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

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 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

AUGUST 30, 2021

VCs have more money than ever, and it’s getting increasingly expensive to invest in North America. These incoming investors must bring more than money to ensure that entrepreneurship continues to grow in a healthy manner, rather than set it off balance. Investors in the Andean region cover Peru, Chile and Colombia.

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TechCrunch

NOVEMBER 1, 2021

The Exchange explores startups, markets and money. Nubank is one of the most valuable startups in the world, with over 40 million users across Brazil, as well as Mexico and Colombia. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. In Nubank’s case, quite a lot, it appears. The Nubank EC-1.

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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. 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.

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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

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 25, 2021

The annual fees were too high, the minimum amount required to invest was too high, and there was a penalty when you removed your money. Additionally, Fintual doesn’t require a minimum investment nor a minimum amount of time invested, and users can take their money out any time with no penalties. . It’s different than the U.S.;

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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

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

MAY 17, 2021

While QuintoAndar dominates the Brazilian market, Houm operates in Chile, Mexico and Colombia, and aims to capture the rest of Spanish-speaking LatAm. In Colombia and Mexico, for someone to be your guarantor, they have to have a property that’s free of mortgage so it can be used as collateral,” Labra told TechCrunch.

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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

JULY 20, 2021

And he’s raising plenty of money to aim at that goal. Right now it’s live in nine cities across Latin American countries Brazil, Mexico, Colombia and Peru, as well as Poland and Austria in Europe. Today the fast-growing grocery and retail delivery platform has closed a whopping $170 million Series A funding round.

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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

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

MAY 9, 2022

It started in Colombia and acts as a middle layer, developing technology that companies can build on top of. One of his goals for the year is to grow in Colombia and Chile by integrating five clients in each country. Trigos considers Mentum a technology company operating in the fintech space versus a fintech company.

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TechCrunch

MARCH 10, 2021

Villadiego was born and raised in the colonial port town of Cartagena, Colombia. Once you have access to SoftBank, you sort of forget about the money part, because you know you’ll have access to capital to build your company,” he said. Villadiego said he can focus entirely on the work.

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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 31, 2022

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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TechCrunch

MAY 24, 2021

Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region , Sao Paulo-based Kaszek has been putting money into promising startups since 2011, helping spawn nine unicorns along the way.

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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. Foundation Capital also participated in the financing, which included participation from existing backers Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners and Y Combinator.

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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

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.

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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

JUNE 25, 2021

But after those founders did raise that A, their Series B round could rapidly follow thanks to later-stage money showing up in earlier-stage deals in hopes of snagging ownership in hot companies. The Exchange explores startups, markets and money. Slow As, fast Bs.

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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

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.”. Infrastructure startups continue to attract venture dollars across the globe, especially in the case of payments infrastructure providers.

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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. And last year, Latitud raised $11.5

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The Verge

OCTOBER 14, 2021

Facebook is pouring a lot of time and money into augmented reality, including building its own AR glasses with Ray-Ban. We’ve open up the eyes of these AI systems to more than just kitchens in the UK and Sicily, but [to footage from] Saudi Arabia, Tokyo, Los Angeles, and Colombia.”. Illustration by Alex Castro / The Verge.

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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. Since formally launching in 2019, Shift One has grown to have 25,000 workers on its platform — many of whom it says were unemployed at the time of hire. And it has about 50 clients in the U.S.

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TechCrunch

SEPTEMBER 19, 2022

Thanks to a series of warm introductions, the duo managed to start scraping together money and met with investors. ” Soffio said the company plans to use the money to help expand the team and accelerate its growth. He was born in Colombia, adopted, and raised in Stamford, Connecticut.

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TechCrunch

FEBRUARY 4, 2021

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. They say, ‘Give me your money and I’ll invest it and charge you fees.’ ”.

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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

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 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 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. The company makes money by charging a monthly fee of $19.99 “What we always had in mind was to build — in the long-term — a mobile money ecosystem.

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