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Conekta and Tiendanube create a strategy to boost SMEs sales
One of the recurring problems faced by bricks-and-mortar small and medium-sized enterprises (SMEs) is to sell online. Not all of them can deal with the cost and friction of many e-commerce platforms and payment methods. This is precisely what has led Conekta, a Mexican payments company, and Tiendanube, an e-commerce storefront and logistics provider based […]
Startup de s-commerce Neta levanta $4,9M en ronda liderada por Kaszek
Neta, a social e-commerce (s-commerce) company based in Mexico City, has announced the closing of a $ 4.5 million seed round led by Kaszek Ventures and with the participation of Founders Fund, Picus Capital, Next Play Ventures, Graph Ventures, Alter Global, among others. The Stanford-incubated startup was founded last March by Pablo Lagos, with the […]
Q&A | LATAM e-commerce market could hit $250 billion by 2025: Merama
E-commerce has been growing over the years, but the pandemic accelerated its adoption, declares Felipe Delgado, co-founder and CFO of Merama. According to a Euromonitor report, Latin America was the fastest growing region in 2020 with 24 percent annual growth. He went on to say that as more users shift to e-commerce, more innovations in […]
Bitso adds a million users in 5 months
The crypto exchange shared that it has reached 3 million users in Latam. It took 6 years for Bitso to reach its first million customers, 10 months for the 2-million milestone, and just 5 months to get to 3 million. The increased popularity of the platform in the last few months comes after Bitcoin was […]
Angel Ventures seeks to strengthen corporate venturing in the region
Angel Ventures, the VC firm that specializes in early-stage investments, announced the acquisition of Coonector. This Mexican company links corporations with startups in LatAm to “accelerate innovation and establish relationships of collaboration and investment,” according to the press release. The amount of the transaction was not revealed. By adding Coonector’s expertise, Angel Ventures seeks to […]
Chilean foodtech NotCo continues to grow in the U.S.
NotCo had already landed in the U.S. during 2020, due in part to a highly publicized investment by Jeff Bezos’ fund. It is scaling up in 2021, launching in more than 400 stores in the country. It is becoming more and more common to see vegetarian or vegan options when ordering from a restaurant menu. […]
Fintech Quanto scores US$15M with Brazil’s largest banks
Contxto – The Brazilian Fintech Quanto just raised US $15 million with Itaú Unibanco and Bradesco: The two largest banks in Brazil. Not satisfied with bagging these major financial institutions when it comes to banking, Kaszek Ventures and Coatue—both VCs—also pitched some funds for this investment round. While Itaú Unibanco’s contribution happened as a direct […]
Here’s the strategy founders are using to boost customer trust (and sales)
Contxto – As the founder of a startup in practically any sector, you may never have heard of licensed content. Yet, licensed content for startups could well be your secret weapon to closing sales, optimizing ROI (return on investment), and building your brand’s credibility. Although the concept of licensing written, audio, video, and photographic material […]
3 science-based startups from Argentina each raise US$1.75 million
Contxto – Many of the investment rounds we cover here at Contxto involve a lot of the same stuff: consumer fintechs, proptech platforms, B2B lending startups… But every once in a while, a fund will pop up announcing funding for more out-of-the-box startups as is the case with the Center for Technological, Entrepreneurial, and Social […]
Fintech was about going digital, why are challenger banks addicted to plastic cards?
Contxto – Some might think that the story of fintech in Latin America is that of an underdog: A rebellious bunch of disruptors playing by their own rules and trying to conquer a game as old as time. However, the most recent strategy adopted by challenger banks doesn’t portray them as dissidents – in fact, […]