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Nonprofits of all sizes are invited to join this webinar to learn how to recruit and retain digital sponsors for online events and campaigns. We’ll also discuss how nonprofits can create livestreamed and/or a recorded video series that both cultivates donors, inspires advocacy, and raises fund through for your organization.
1) Access to the internet in Mexico has grown very rapidly over the last decade. How has this impacted individual giving to NGOs in Mexico? When we started Fondeadora in 2011 (the first creative crowdfunding platform in Mexico, renamed to Donadora in 2016), processing online payments was very difficult.
Importers and exporters that need to move products between the United States and Mexico typically have to work with a number of different vendors to help with different pieces of that process. “A A truckload from Mexico to the U.S. will have to hire a trucking company in Mexico. Chhugani explained. Chhugani explained.
Super.mx , an insurtech startup based in Mexico City, has raised $7.2 million seed round, which also saw capital from 500 Startups Mexico, Village Global, Anthemis and Broadhaven Ventures, among others. He was also once head of auto product at Avant, a growth-stage company funded by General Atlantic and Tiger Global, among others.
InstaCarro , a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. The startup also plans to use its new capital to “improve the coverage” of its home inspection model and improve the efficiency of its digital auction process, Cafici said. Notably, U.S.-based
He met his co-founders David Hernandez and Amran Frey at Konfio, and, along with Israel Garcia, started Aviva , a Mexico-based fintech startup focused on bringing working capital to unserved communities. million in pre-seed funding, the company is rolling out a network of physical and digital onboarding kiosks. Now buoyed by $2.2
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. million in debt from Banco Sabadell Mexico — brings minu’s total raised since its 2019 inception to a total of $20 million. .
In Mexico, for instance, 97.4% Thus we’ve seen the funding of mobile-first website builder Univer.se, which raised $47M from Google Ventures, General Catalyst, and Addition. Zeely’s users are so far spread across the US, UK, and emerging markets such as Brazil and Mexico. of firms in the region.
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.
Roberto Cebrián and David Villarreal both had experience working with restaurants in Mexico and recognized that many restaurants were not prepared to change their operations quickly, so they jumped on the opportunity to help them. million, led by F Prime Capital, to continue developing ParrotConnect and expand its footprint in Mexico.
Across Latin America, e-commerce purchases are expected to grow by double-digits annually by 2024. To do this, the company announced Tuesday $20 million in Series A funding co-led by Base10 Partners, Cometa, and 645 Ventures. Approximately 6% of package deliveries in Mexico are done through Skydropx, Zambrano said.
Nelo , a startup founded by former Uber international growth team leads, began offering buy now, pay later services to Mexico earlier this year. The Mexico City-based company already is live with over 100 merchants, including Steve Madden and Ben & Frank. The company has hubs in Mexico City, New York City and remote employees.
Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The company has dual headquarters in Mexico City and São Paulo. It is currently focused on Mexico, Brazil, Argentina and Chile. billion in 2023.
Mexico City-based digital bank Klar has raised $70 million in equity funding at a valuation of $500 million, the startup announced today. In total, the company has raised over $150 million in equity funding since its 2019 inception. When Klar originally started, its mission was to become the “Chime of Mexico.”
Enter Nelo , a startup founded by former Uber international growth team leads, which is building buy now, pay later in Mexico. He and co-founder Stephen Hebson used to work for Uber’s international growth team, growing financial services products in India, Mexico, China and Brazil. “We We were solving a real pain point.”.
As food operators themselves, they saw firsthand last year the toll it was taking on restaurants that needed to quickly reinvent themselves during the pandemic, but weren’t sure how to start integrating digitalization into their businesses. The funding enables us to round out our product and our teams.
Kolors, a Mexico City-based startup, says its platform that connects intercity bus riders with bus drivers is like “if Uber and Southwest Airlines had a baby.” Part of the push to digitalize the bus industry is because the technology exists now.
In Treggo’s case, developing technology to make urban shipments in Argentina, Mexico and Chile easier and for merchants of any size can provide an Amazon-like service for their customers. Its Mexico operations are still in its first year, but it is growing 20% monthly and has 70 customers there. million in funding.
The Brazil-based company offers a digital marketplace to connect small and medium-sized companies with suppliers to discover and purchase new inventory. Greylock led the round and was joined by Greenoaks, Andreessen Horowitz, Monashees, Founders Fund, Tiger Global, NXTP, ONEVC, MAYA, Pear VC, Avenir Growth and A* Capital.
Fintech companies and other entities have moved the needle for consumer payments in Latin America, particularly during the global pandemic, prompting consumers to be more comfortable with digital payments. Businesses of means have access to bank funds, but around 95% of small and medium businesses are unattended.
billion after securing $186 million in Series E funding, led by Wellington Management. Joining Wellington in the round were funds managed by SoftBank, Corton Capital, Valor Capital Group, Goldman Sachs, Globo Ventures and Kevin Efrusy. Goldman Sachs leads $23M in funding for Brazilian e-commerce startup Olist.
Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,
The Mexico City-based B2B software and payments company provides three products, VendorPlace , P-Card and PorCobrar , for managing cash flow, optimizing access to smart liquidity, and connecting small, midsize and large businesses to an ecosystem of digital tools. Today, the company announced the close of a $20.4
Kaszek Ventures , one of Latin America’s first venture firms, has raised $975 million across two funds. Specifically, the São Paulo-based firm has closed on Kaszek Ventures VI, a $540 million early-stage fund and Kaszek Ventures Opportunity-III (KVO-III), a $435 million vehicle for later stage investments. billion in capital.
Fintech startup Jefa has raised a $2 million seed round to build a fintech startup offering digital accounts with a product specifically designed for women living in Latin America and the Caribbean. Financial and digital inclusion transform economies. And there’s now Jefa offering digital accounts for women. Image Credits: Jefa.
Jüsto , an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. It claims to be the first supermarket in Mexico with no physical store. Mexico City’s Jüsto raises a $12 million bridge round for its delivery-only grocery stores.
The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. Companies in this new economy are digital and global first. We’re incredibly excited by the future ahead of us in Mexico and beyond.” .
But the market in LatAm has shifted in recent years, and with increased digital adoption, more people are opening their minds to using credit cards for payments. The startup, which offers credit cards to underserved populations in Mexico, told TechCrunch it has raised an additional $50 million in equity at a $1.2 Enter Stori.
La Haus , which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. Being able to purchase a home 100% digitally is not that easy even in the U.S. Image credit: La Haus.
Mudafy , a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. With its new capital, Mudafy’s immediate priority is to expand to more cities in Mexico, a market it entered in 2020. When it sells a property, it charges a fee.
Just over five months after securing $50 million in debt & equity , Valoreo has closed on a $30 million Series A funding round. Mexico City-based Valoreo aims to invest in, operate and scale e-commerce brands as part of its self-described mission “to bring better products at more affordable prices” to the Latin American consumer.
Transportation startup DeltaX is accelerating its plans to digitize the trucking industry in its native Bolivia and beyond thanks to a recent $1 million seed round. Digitization is undeniably a shared need around the world for logistics, a sector that until recently largely operated on phone calls, printouts and faxes.
Arrenda , a Mexico City-based fintech company, is offering digital financial services to the real estate market of Latin America and closed on $26.5 The funding round was a mix of $1.5 While there, he had the opportunity to work in Mexico, and the difficulty in finding a place to live gave him the idea for Arrenda.
Last month, my colleagues Anna Heim and Alex Wilhelm found that structural factors such as strong digital penetration and quick e-commerce growth are among the key reasons Latin America is breaking venture capital records this year. One Mexico-based VC even declared that the story was about “talent, not capital.”
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. The startup has raised $110 million in a growth funding round led by U.K.-based
million in Series A funding. This enables the Mexico City–based company to expand into South America. Nazca and IDB Invest, the private sector arm of the Inter-American Development Bank Group, co-led the round and were joined by existing and new investors CoVenture, SilverCircle, Korify Capital, Infinitas Capital and GBM Mexico.
Catalyst Fund , a global accelerator managed by BFA Global , announced the 8th cohort for its Inclusive Fintech Program today. With a focus on Kenya, Nigeria, South Africa, Mexico and India, selected startups receive £80,000 (~$100,000) in grant capital, six months of support and connections with follow-on investors.
Flat.mx, which wants to build a real estate “super app” for Latin America, has closed on a $20 million Series A round of funding. Founded in July 2019, Mexico City-based Flat.mx The real estate market in Mexico is broken,” said co-founder Bernardo Cordero. Mexico doesn’t have a Multiple Listing Service (MLS).
With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. Valued at $10B, Nubank launches it’s Nu credit card in Mexico.
Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. SoftBank is launching the new fund with an initial $3 billion commitment. billion in 48 companies with a fair value of $6.9
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander — led the round for the Monterrey, Mexico-based startup. Nowports raises $5.3
million in a Series E round of funding, as well as $50 million in debt financing. With the new capital injection, FreshBooks has now raised a total of more than $200 million in funding over its lifetime. The funding comes as an injection of confidence in our mission to digitally enable small businesses.”
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 Today, Mercado Bitcoin has about 500 employees.
Well, a report released today by data research organization Briter Bridges and global inclusive tech accelerator Catalyst Fund is punching above its weight to offer a holistic representation to the darling sector of these three markets: fintech. Image Credits: Briter Bridges & Catalyst Fund. Such a task is Herculean.
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