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Brex adapts to tough times, but is it only skin deep?
Contxto – It has been an interesting year for Brex. The fintech who had such a troubled year that they have decided to change things but only superficially. Back in May, the company had received a US$150 million investment, and planned on hiring 400 employees—but this year has turned differently—by June it had laid off […]
Start-Up Chile announces 15 startups for 2020 Growth accelerator
Contxto – StartUp Chile announced its first generation of companies for its “Growth” accelerator. Launched in July of this year, the program aims to help more mature startups in Chile scale. Besides mentoring and networking opportunities throughout the 12-month acceleration, selected startups are eligible to raise up to CLP$60 million (~US$77,000) in funding. For its […]
11 startups from Argentina to watch in 2020
Contxto – “Hay que pasar el invierno”. Argentina’s politics and the economy are marked by past decisions that make its current situation even more challenging to overcome. This is also the case for startups in Argentina in an already rough 2020. One could trace the string of poor decisions to the “Standard Model —Modelo estandar […]
Foodtech Live Green Co’s meteoric rise is not about plant-based products but massive culture shifts
Contxto – The Live Green Co is a foodtech company based out of Santiago which has experienced 3X growth during the pandemic. But don’t be fooled, this two year old startup’s meteoric rise began long before Covid-19. Indeed, the startup recently got its VC seal of approval after closing a seed investment round worth about […]
What you need to know about the reforms to Mexico’s Copyright Law
Contxto – One week ago, the Mexican Senate approved reforms to the country’s federal Copyright Law. These changes were in fulfillment with Mexico’s part in the USMCA, the free trade agreement that became effective on July 1. And as reforms often go, it was met with criticism and speculation as to how it might affect users’ […]
Meet the smart suitcase the Real Madrid will carry
Contxto – Plevo, founded by Argentine Federico Pelatti, may offer the next biggest thing in travel tech. And having the Real Madrid on board to use these “smart suitcases” speaks of their high tier. Not only that, Plevo is also currently negotiating with other professional sports teams including someone (or multiple someones?) from the NBA […]
Startup with roots in Costa Rica putting AI into an electric motorbike
Contxto – Based in Madrid, but with Costa Rican origins, OX Riders is one hell of a cool startup. The post-pandemic world is urging us to change several habits that were crucial and rigid parts of our lifestyles; transportation being one of the many. In a region where long commutes and crowded public transport vehicles […]
What makes a delivery app like Rappi successful in Latin America?
Contxto – The Colombian delivery app, Rappi, is making headlines for many reasons. Whether because it raised US$1 billion in funding from SoftBank or because of their booming footprint, this on-demand delivery platform is setting an example for a new generation of entrepreneurs. Undoubtedly, Rappi has taken Latin America by storm. It is a very common sight […]
Rappi blocks misbehaving deliverers from its platform
Contxto – In a showing of zero tolerance for misbehavior and non-compliance with sanitation standards, Rappi permanently blocked more than 1,500 delivery partners or Rappitenderos from accessing its platform in Colombia. These statements were made by the startup last Thursday (7). “Failure to fully comply with the established protocols poses a risk not only to […]
Kushki snags Series A investment to reach more SMEs in the region
Contxto – Ecuadorian/Colombian Kushki closed its Series A for an undisclosed amount and made the official announcement last Thursday (26). Mexico City-based DILA Capital led the round and was joined by Kaszek Ventures, Clocktower Ventures, Magma Partners, and Conexo. The startup will use the funding to expand throughout the region. At the moment, it operates […]