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Chile’s Buk , which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. In September alone, Buk says it grew 7% in Chile, 20% in Colombia, and 23% in Peru month-over-month. .
NovoPayment is a global BaaS startup based in Miami that has largely been focused on offering its API platform to customers in the Latin American market. “They were in need of a single platform that could help them to launch these new use cases in more than one country,” Perez said.
São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. Nuvemshop has seen the number of merchants on its platform surge to nearly 80,000 across Brazil, Argentina and Mexico compared to 20,000 at the start of 2020. The proof is in the numbers.
Rebill , an Argentina-based startup, raised $3.6 It also sends payment notifications via multiple channels and enables customers to manage all of their office locations from one platform. Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies.
After several failed startup attempts and nine years spent building Nuvemshop into Latin America’s answer to Shopify, the four co-founders of the company have managed to raise $30 million in venture capital funding as they look to expand their business. and managing director at Qualcomm Ventures Latin America.
Belvo , a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. Citing Crunchbase data, Belvo believes the round represents the largest series A ever raised by a Latin American fintech.
Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. It also plans to use the money to accelerate its geographic expansion into additional markets across Latin America, including Peru, Ecuador and Chile.
Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 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. Europe, APAC and Brazil.
The company has also moved on from its initial markets of Venezuela and Bolivia and into Peru and Panama, Zavarce told TechCrunch. The company initially started in Panama and Peru with groceries, but now that it has had some success there, Zavarce expects to expand more categories. That is poised to be a $9.3 billion sector by 2026.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. They applied to Y Combinator, raised a seed round and went back to Colombia to create a program and courses that launched in January 2019.
And he’s raising plenty of money to aim at that goal. Today the fast-growing grocery and retail delivery platform has closed a whopping $170 million Series A funding round. 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.
. “Together, we will double down on the strategy of bringing same-day grocery delivery to the Uber platform worldwide.”. The company expanded its operations to eight countries up and down the Americas, including Chile, Mexico, Brazil, Colombia, Costa Rica, Peru, the U.S. The company raised $31.7 and Canada.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. This new capital combines with previous raises of $7 million following Skydropx’s participation in Y Combinator in 2018. Last-mile logistics platform Cargamos raises $11M seed round to expand same-day delivery.
Fintual is an automated passive investment platform that allows the average person in Chile or Mexico to invest in mutual funds containing ETFs (Exchange Traded Funds), investment vehicles that aren’t as well known, or as readily accessible in Latin America. To date, the company has raised about $15.2 May 2020. 87.6
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. Founded in August 2018, Truora was originally focused on background checks for gigster platforms. That March, it raised $3.5
Two new funds got announced this morning; Haje covered Hannah Grey’s $52 million debut fund , focusing on customer-centric founders, and Christine took a look at Bonfire Ventures, which raised a pair of funds, totaling $230 million , targeting B2B software startups. . million to do so. .
However, the company went on to raise $260 million in December to become a billion-dollar company, and despite some growing pains, it seems like it has some believers and a business model that is working, at least for now. Brazil, Mexico, Colombia, Peru and Chile. million on $1.7 million of revenue, as of the end of July. It spent $2.3
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. DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users.
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. Our approach was to solve problems one-by-one, and now we have a vertically integrated payment platform that offers financial services.”
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
The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. “We Klarna recently raised $800 million at a $6.7
Nowports , an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 It also marks Nowports’ third equity raise in less than one year’s time, and brings its total funding to over $240 million since its 2018 inception. It has more than 500 employees.
The company raised an $85 million Series C led by funds and accounts managed by BlackRock, as well as participation from XN, Alsop Louie, Alpha Edison, Dolby Family Ventures, KCK, Space Capital, Explorer 1, Harpoon Ventures and others. Loft Orbital raised $140 million in a new round of funding led by investment company BlackRock.
Spanish on-demand delivery platform Glovo today announced plans to double its investment in Africa and expand its operations on the continent. After its mammoth $528 million Series F raise , it acquired several of Delivery Hero’s businesses in Central and Eastern Europe for $208 million.
Not For Sale operates in Peru, the Netherlands, India, South Africa, and Romania. They also work with celebrity speakers, volunteers, and a large online community to raise awareness and support action to end human trafficking. " Different audiences and different social media platforms demand different messages.
All I could do was raise an eyebrow. So the cover photo had 35 people from many different countries: Israel, Peru, the Philippines, China, Guatemala. You give it to places like the Middle East or places that haven''t had platforms historically. At one point we took a walk. Jose, where are you from?" Seems like a simple question.
embassies and consulates in Lima, Peru, Sao Paulo and Bogota have had the public air monitoring. air quality monitors propelled nations to start their own air quality research and raised awareness, Krishna said. “It was a source of access to air quality information independent of local monitoring networks.
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