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Nowports raises $16M to build the OS for LatAm’s shipping industry

TechCrunch

Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. The investment brings Nowports’ total raised since its 2018 inception to over $24 million. Nowports raises $5.3 The company currently has offices in Mexico, Chile, Colombia, and Uruguay.

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Understanding Income Inequality

Beneblog: Technology Meets Society

I asked her what kind of insights could be gleaned by an anti-poverty group, say in Uruguay (to pick one country out of 50), accessing the LIS. She suggested: In Uruguay: What is the poverty rate among individuals and households (using any of a number of poverty lines – absolute or relative, national or regional)? family structure?

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Founded by ex-dLocal and AstroPay execs, Datanomik is bringing open banking to LatAm

TechCrunch

Cross-border payments platform dLocal is one of the most notable Latin American startups in recent history — the company became Uruguay’s first unicorn in 2020 and went public on the Nasdaq in 2021. The financing marks a16z’s first investment in Uruguay, and one of its biggest seed rounds in Latin America.

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clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in LatAm

TechCrunch

E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years , the current consumer demands to receive orders on time and packaged correctly will only increase. Joining them is JAM Fund and existing investors Flexport, FundersClub and Vast VC.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. They started Marco in 2019 and now have offices in New York, Dallas and across Latin America.

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Henry picks up cash to be a Lambda School for Latin America

TechCrunch

To make the school more affordable, Henry looks to take on the same strategy used by Lambda School, a YC-graduate that has raised over $122 million in known funding: income-share agreements. They’re focusing on all emerging markets and don’t teach to Spanish speakers,” Borchardt said. Now, VCs are giving Henry some cash to do so.

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Wonder Brands’ pivot to acquiring e-commerce infrastructure pays off

TechCrunch

At the time, Wonder Brands raised $20 million in venture capital. As a consequence, Wonder Brands stood out due to its strong brand development capabilities in the rapidly growing Latin American e-commerce market,” he said. The company will also hire additional employees, develop new distribution channels and invest in go-to-market.