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

NOVEMBER 15, 2021

Prior to Aplazo, Peña lived in New York and worked at Morgan Stanley investing in credit in Mexico, while Wieland had been launching businesses across Latin America after spending time at companies like Uber and Lime. However, credit penetration in Mexico is low, less than 10% , due to lack of trust in the banking system, he added.

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TechCrunch

APRIL 28, 2021

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 money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle. . “We We’re more similar to The Hut Group in the EU.”.

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TechCrunch

JUNE 14, 2021

With that money, she hired a developer to build a chatbot for her app, which was mostly being used via Facebook Messenger. Then an earthquake hit Mexico City and that developer lost everything — including his home and computer — and had to relocate. Funding for mental health-focused startups rises in 2020.

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TechCrunch

MARCH 10, 2021

Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).

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TechCrunch

AUGUST 16, 2022

Instead of sending money to his family once a year — a costly, fee-heavy affair — why can’t he just leave his credit card there? Pomelo, Frenkiel’s new startup launching out of stealth today, wants to make it easier to send remittance payments and conduct international money transfers, with a credit twist. Oh, fintech.

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TechCrunch

AUGUST 2, 2021

Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based in Latin America. The fund will invest between $250,000 and $1 million in startups at the seed stage to help them achieve the milestones needed on the path to raising a Series A. We aim to help entrepreneurs in those stages.

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TechCrunch

SEPTEMBER 30, 2021

million in seed funding , Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. A number of angel investors also put money in the round, including Stripe COO Claire Hughes-Johnson and Cristina Cordova, former head of partnerships at Stripe. . Just six months after raising $3.3

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Kindful

SEPTEMBER 14, 2021

For nonprofits whose target audience is primarily underserved youth, the task of finding funding shouldn’t be difficult. See if any of the funders serve your community and if you qualify for funding. Funding Priority: Youth Programs. Funding Priority: Youth Programs. Global Fund for Children. Daniels Fund.

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TechCrunch

JUNE 29, 2021

Accel announced Tuesday the close of three new funds totaling $3.05 billion, money that it will be using to back early-stage startups, as well as growth rounds for more mature companies. fund at $650 million; its seventh early-stage European and Israeli fund also at $650 million and its sixth global growth stage fund at $1.75

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TechCrunch

MAY 5, 2022

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.,

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TechCrunch

JANUARY 5, 2022

But Bankaya , a Mexico City-based financial services startup, is attributing its early traction on the opposite model — going after target customers in person. Bankaya’s target customers are the 50 million unbanked in Mexico. Most fintechs pride themselves on digital everything, including customer acquisition strategy.

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TechCrunch

JANUARY 27, 2022

sponsors meetups all across the globe (from Mexico City to Lagos, Nigeria) so that thousands of fellow “fintech friends” — as he calls them — can network and get to know each other. Image Credits: Lagos, Nigeria meetup / The Fintech Fund. In addition to publishing the newsletter, Milanovi?

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TechCrunch

APRIL 3, 2023

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.

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TechCrunch

APRIL 27, 2022

Bogota-based payments infrastructure startup Minka has secured $24 million in a funding round co-led by Tiger Global Management and Kaszek. The network was designed to connect separate legacy systems through blockchain concepts and APIs “to simplify the movement of complex money flows.”. Image Credits: Minka.

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TechCrunch

JANUARY 20, 2021

Ironhack , a company offering programming bootcamps across Europe and North and South America, has raised $20 million in its latest round of funding. an Ironhack bootcamp costs $12,000, while that figure is more like $3,000 for classes in Mexico City. according to Ironhack co-founder Ariel Quiñones. In the U.S.

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TechCrunch

JANUARY 26, 2022

CEO and co-founder Aaron Polhamus said he, Miguel Arroyo and Jaime Rodas were driven to start Mexico City-based Vest in December 2020 because of their belief that while Latin Americans work hard for their savings, “historically their savings have not worked hard for them.”. It is valued at $22 million, post-money. “We

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TechCrunch

JULY 21, 2021

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.

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TechCrunch

JUNE 25, 2021

One of those startups is Chilean-based Fintual, which today announced a $15 million round led by Kaszek Ventures, the largest fund in Latin America. 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. It’s different than the U.S.; Annual Growth.

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TechCrunch

AUGUST 2, 2021

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

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TechCrunch

JULY 15, 2022

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 With this latest raise, Stori has raised more than $200 million in equity funding since its 2018 inception. . Stori launched its credit card product in Mexico in January 2020.

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TechCrunch

SEPTEMBER 2, 2021

While the pace of funding these days is unlike most of us have ever seen before, it’s pretty remarkable that Jeeves essentially signed the term sheet for its Series B just two months after closing on its Series A. The startup’s offering was live in Mexico and Canada and today launched in Colombia, the United Kingdom and Europe as a whole. .

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TechCrunch

MARCH 4, 2021

million in a funding round led by Brazilian venture capital firm Canary. A rewards engine designed to incentivize users to save or invest money. An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins).

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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. The round was led by D1 Capital Partners, Founders Fund, Ribbit and BOND, and brings Kavak’s total capital raised to date to more than $900 million.

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TechCrunch

AUGUST 25, 2021

Flink , a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. Existing backers Accel, ALLVP, Clocktower and new investor Mantis Venture Capital (founded by The Chainsmokers) also put money in the Series B. stock market and invest fractional shares.

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TechCrunch

AUGUST 2, 2022

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.

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TechCrunch

MARCH 15, 2021

Fondeadora , a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. And now, Fondeadora is adding $14 million on top of the original $14 million it had already raised — it now represents a $28 million funding round. Portag3 is investing in the extension.

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TechCrunch

DECEMBER 8, 2020

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.

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TechCrunch

SEPTEMBER 14, 2022

The company, founded in 2021, is starting in Mexico, where Terrés said around 20 million citizens travel to the United States each year. They don’t go with a card, but with $5,000 in cash and go to the exchange house in the airport, which means they lose money in the spread,” he added. Remittances between the U.S.

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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. In Mexico in particular, there are far fewer banks than the thousands the U.S.

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TechCrunch

JUNE 30, 2022

The investors raised $40 million for their first fund after starting the firm in 2018 and have now closed on $100 million in capital commitments for MAYA’s second fund. With their first fund, they backed over 29 companies in 12 sectors across Brazil, Mexico, Colombia and Chile. Women make up just 2.4%

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TechCrunch

AUGUST 24, 2021

Firms such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are pouring money into LatAm. One Mexico-based VC even declared that the story was about “talent, not capital.” Brazil and Mexico riding the gravy train. Some are even seeing more opportunity than in the U.S.

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TechCrunch

MARCH 10, 2021

The company’s funding caught TechCrunch’s eye as there has been a flurry of funding for related companies serving the United States market. The startup’s round also included funds from a host of smaller firms and angels, including Canary Ventures, Adapt Ventures and Picus Capital, among others.

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TechCrunch

JULY 29, 2021

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. By year’s end, La Haus intends to be in every major metropolitan area in Mexico and Colombia. .

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TechCrunch

AUGUST 30, 2022

MEDU , a Mexico-based startup, wants to reduce that waste and replace single-wear medical garments through the creation of a line of sustainable, virus-resistant reusable pieces, including surgical gowns, head coverings and full-body suits. The funding gives the company fuel to grow as it expands into the U.S. Image Credits: MEDU.

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TechCrunch

JANUARY 28, 2021

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.

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TechCrunch

APRIL 21, 2021

Brex , which has amassed $465 million in venture capital funding to date, also markets a credit card tailored for startups. ” Tribal’s initial efforts are focused on Latin America, in particular Mexico, which is the startup’s biggest market. .” PFG is providing the debt facility for Tribal.

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