This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. “It’s an industry that gives a lot of mileage to the economy,” Sheinbaum said.
Addressing agricultures labor challenges, Seso offers software now used by one-third of Americas 100 largest agricultural employers to streamline the H-2A visa process for migrant farmworkersa workforce the industry relies on heavily, at a time when its become a cultural flashpoint. households.
When Cory Siskind finished school, she was dropped into a high-stakes job helping large multinational corporations manage their operational security in Mexico City, with almost no relevant lived experience.
Even the giants in the industry aren’t immune. That’s why the whole industry has become more rational. We have now become fully gross profit positive on a group level for our local business across all of our countries after 12 months of operations. Brazil, Mexico, Colombia, Peru and Chile.
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.
Silicon Valley is made up of solely one industry: technology, whereas countries in emerging markets have existing industries, around which entrepreneurs are innovating. But startups are also solving local problems. Startups are aiming for a global, not local market. Many startups are Silicon Valley clones.
Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.
Specifically, Osana Salud is building an API-connected infrastructure to help the region’s healthcare industry offer a patient experience that offers “greater convenience, outcomes and value,” Lawson told TechCrunch. It also gave the industry the opportunity to show the benefits of a “virtual first” approach, he added. “The
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 Stori launched its credit card product in Mexico in January 2020. million customers in Mexico, which it claims is up “over 3x” from the prior year. Enter Stori.
Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. Latin America’s slowing VC market hides local strength.
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. Tech in Mexico: A confluence of Latin America, the US and Asia. The company says its model differs from that of its U.S.-based
. — Latin America, they believe, has historically been ripe for disruption, especially in the fintech and proptech sectors, due to the significant underbanked and unbanked population in the region and the relatively unstructured real estate industry. One Mexico-based VC even declared that the story was about “talent, not capital.”
But while the industry hails the rise of the region’s ecosystem and its growing fleet of unicorns , Latin America’s startup story has a far longer past. Investors should bring a local strategy that makes them an asset to Latin America’s startup ecosystem. However, much of this investment comes from local and regional investors.
Jüsto , the Mexico City-based online grocer, continues to run on all cylinders with a goal of saturating the Latin American market. Weder planned on using the Series A funding to expand across Mexico and Latin America — a market he told me represents a $600 billion opportunity — and that’s just what the company did. billion in 2020.
Fondeadora , a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. As most people still rely heavily on cash in Mexico, creating a challenger bank represents a good opportunity. There’s room for plenty of local players around the world. Image Credits: Fondeadora.
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S.
FreshBooks has 500 employees in Canada, Croatia, Mexico, the Netherlands and the United States — hiring over 100 people in the past year. For example, he said, more business owners are working to become digitally enabled to meet local tax and invoice compliance systems. . versus businesses owned by men,” Epperson said.
In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. SoftBank pours up to $150M into GBM, a Mexico City-based investment platform.
It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets. It has 40 million users across Brazil, as well as Mexico and Colombia. Brazil is a country riven with economic contradictions. Our lead writer for this EC-1 is Marcella McCarthy.
This brings a well-known, and controversial, feature in the podcasting industry to Spotify, making the app more on par with other popular players, like Apple Podcasts. The charts will be available in 26 countries, including the US, Mexico, the UK, Brazil, and Germany. The two initial podcast charts will be called Trending and Top.
As you can probably guess from the name, the company is focused on planting trees in deserts, specifically desert shrublands in the Alamogordo region of New Mexico. And using brackish groundwater might work in New Mexico, but Hanan noted that most deserts aren’t near oceans and don’t have easily accessible groundwater.
Beyond its marketplace offering, ResortPass has also built SaaS software to make it easier for the hotel industry to support day guest access. such as the Caribbean, Mexico and Puerto Rico that it plans to eventually further expand into new geographies such as Europe and the Asia-Pacific region.
The pitch: The vast size and complexity of the construction industry has resulted in all kinds of software and services that address various aspects of the construction processes, resulting in data and documents being spread across many siloed tools. Website: gryps.io. Founders: Dareen Salama , Amir Tasbihi. Website: illumenotes.com.
In some countries it’s working with official data from railroad operators, while in others (like the UK, Italy, Israel, Brazil, Mexico) it’s relying on its community of local map editors to add alerts.
At that time, it had become quite apparent that China had emerged as the front line in the battle for dominance of the 21st century automotive industry. By 1950, the United States produced over three quarters of all the cars in the world, and Detroit was the epicenter of the global automotive industry (see Figure 1).
However, most of them tend to go alone and are stuck with cutting checks in their local markets, which limits opportunities. The idea was to bring global founders together with diverse skillsets in diverse industries and geographies to evaluate deals better and drive value for each other. Some MAGIC portfolio companies.
State/Local / #MCNAC16 / @SmartNonprofits. State/Local. It’ll open with candid stories about the ups and downs of working in social good and close with an afternoon of action and volunteering with local nonprofits. Mexico / SOLD OUT. State/Local / #MadisonNonprofitDay / @nonprofitday. State/Local.
The remote-first fintech started in Argentina and has since launched operations and offices in Brazil and Mexico with plans to also expand to Chile and Colombia. Cards have an estimated payments volume of $900 billion per year, and yet 95% of these transactions are being processed by local incumbents, asserts Pomelo.
The startup — also backed by Y Combinator — touts that its site features over 50,000 listings and has more than 1 million monthly unique active users in Argentina and Mexico. With its new capital, Mudafy’s immediate priority is to expand to more cities in Mexico, a market it entered in 2020.
Historically, Brazil and increasingly as of late Mexico, have received the bulk of venture dollars from venture investors. Today, Buk has over 4,000 clients that hail from a variety of industries in Latin America, including educational institutions, investment banks, fast food chains, law firms and others.
clients “have some sort of global operations.” “Now, if you use Brex, you can actually operate as if you were a local company with a local card.” We expect to see the insurance industry in general adopt more of the consumer friendly features that we’ve helped pioneer.” Fintech projected to become a $1.5
So far, the company partners with media buying and advertising agencies and works with over 100 local and multinational brands across Africa, the Middle East and South America in the automotive, healthcare and technology industries. Fergany also said Convertedin is eyeing South Africa and India too. “We
Specifically, these are Indonesia, Vietnam and the Philippines in Southeast Asia (though Sosrodjojo said SIV II will also look at other countries); Pakistan and Bangladesh in South Asia; Egypt in MENA; and Mexico in Latin America. Another criteria is to back local founders. SIV II plans to follow on 25% of its portfolio. “For
US truck maker Navistar is joining forces with TuSimple, a leading autonomous vehicle startup, to build a self-driving semi truck that can operate without a human driver on highways and local roads. As part of the deal, Navistar is taking a minority stake in TuSimple — though neither company would disclose the size of Navistar’s investment.
In 2022, iMile expanded its operations to Brazil and Mexico. Currently, with an operation center in Shenzhen and a technology center in Hangzhou, it collaborates with US e-commerce giant Amazon, a local e-commerce platform in the Middle East called Noon, fast-fashion brand Shein, and Alibabas logistics arm Cainiao.
from Mexico during the Mexican Revolution, the other harkens back to rural Oklahoma. These same founders historically bootstrapped their companies out of need, as access to early-stage, high-risk capital can be scarce and vary widely city by city, state by state, industry by industry. Opportunities abound everywhere.
Part of its investment thesis is to “invest early and locally,” according to Wong. Examples of this philosophy include investments in companies based all over the world — from Mexico to Stockholm to Tel Aviv to Munich. While the firm is open-minded, there are still some industries it has not yet embraced as much as others.
For example, if your town is known for gorgeous cherry blossom trees, offering paintings with these trees by a local artist can inspire bidding. For example, a local bike shop could donate a bike, helmet, and a voucher for a free tuneup. Look for B&Bs in unique locations, such as beachfront or mountaintop locales.
and Mexico. The startup says it will also continue to grow its local presence and team in EMEA. This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru. Weltio , a Mexico City–based wealth management startup targeting Spanish-speaking LatAm, says it has raised $1.2
By expanding out from the homogeneous group we also demonstrate acts of leadership within that more numerous portion of the local and national population. It’s a wonderful festival to include in your year-end calendar and one to help cement your nonprofit’s relationship with your local Jewish community. There are 7.5
Welcome back to The Interchange, the weekly TechCrunch series that looks at the latest — and what’s ahead — in the global fintech industry. Then the next, I have a founder telling me their latest round was preempted by a large venture firm in their industry. It’s an incredible time to be a financial technology journalist.
The 10 states are Colorado, Hawaii, Idaho, Louisiana, Montana, New Mexico, Oregon, Utah, Washington and Wyoming. While the demand effect of higher interest rates may build over time, continued strong trends at the card networks point to sustained growth trends for the payment processing industry.”. Applications close August 5.
TechSoup Asia Asia is a nonprofit collaborative venture between TechSoup Global and its local nonprofit organization partners, Connecting Up Australia and the Hong Kong Council of Social Service. Vietnam is an S-shaped country that is slightly larger than New Mexico. The technology is shipped directly to the local NGO.
According to local news reports, nearly two dozen suicide cases owing to harassment coming from loan app operators have been reported online. However, market experts like Ahmed of Vidhi Centre for Legal Policy do not look for an SRO coming from the industry. They instead want the RBI to set up a grievance mechanism.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content