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Tribal Will Begin Operating in Peru, Colombia, and Chile
The financial tech services company Tribal announced that they will begin their expansion into Peru, Colombia, and Chile. This is after the consistent growth they’ve had in Mexico since 2020. Tribal was created in 2016 and is based in San Francisco, and their main product is a credit card focused on SMEs and startups Most […]
Nubank Ventures into E-commerce with Global Partners
While we have heard of e-commerce companies incorporating payment systems or creating their own ones, such as Mercado Libre, the opposite is also beginning to happen. And now, Nubank has announced that it will add a “Shopping” section to its NU app in Brazil. In this section users of the challenger bank will be able […]
El Salvador-based VC firm Innogen Capital Ventures Announces New US$20M Fund
It is the first VC fund in El Salvador and with this new fund it will seek to invest in more LATAM startups
Q&A | Supermarkets Had Not Evolved in More Than 40 Years: Alejandro Sisniega, Co-founder of Jüsto
After raising US$65 million last February, according to Crunchbase, Jüsto announced that they would begin to expand throughout Mexico into several states including Jalisco, Puebla, Quintana Roo, Baja California, and Nuevo Leon. What we didn’t know is that they also had their sights set on going beyond the country: reaching Brazil and acquiring Freshmart in […]
Bitso joins other crypto exchanges and begins sponsoring sports
Mexican crypto exchange platform Bitso announced today that it will sponsor the Club Tigres soccer team, which is based in Monterrey, in the northeastern Mexican state of Nuevo Leon, and has a market value of $65 million. This news comes at a time when other crypto-related companies are investing millions in sports sponsorships. Barely a […]
Homely Acquires Aliada and Consolidates as a Cleaning Services Marketplace
Homely, a cleaning services platform, announced it has recently acquired Aliada, a startup in the same sector. The details of the operation have not been disclosed, except that Homely – which lists Toushka Capital among its investors – will absorb Aliada’s staff, whose technological strength brings a great competitive advantage. It will also include in […]
Finaktiva Acquires Libera to Build a Challenger Bank for SMEs in LatAm
Four months ago, Finaktiva said it would seek to become a Neobank (or challenger bank) focused on providing various financial services to small and medium-sized enterprises (SMEs). This came after they raised US$8 million in equity and debt funding and raising US$120.2 million in total, according to Crunchbase. How have they achieved this? The first […]
Bitso Partners with Circle to Facilitate Cross-border Payments
Bitso has established itself as the largest cryptocurrency exchange in Latin America and the main cryptocurrency service in El Salvador. Now, the Mexican unicorn has formed an alliance with Circle Solutions to use its infrastructure and facilitate payments to and from the United States. The initiative that has resulted from this union is called Bitso […]
Nubank Acquires Olivia, A Financial AI Startup
Nubank is one of the 100 most influential companies according to Time magazine (TIME 100 Most Influential Companies). They have announced their acquisition of Olivia, a tech and artificial intelligence (AI) startup that helps users plan their expenses and save money. With this acquisition, Nubank will integrate Olivia’s platform and services into their application as […]
Q&A | There is a Great Opportunity to Improve Delivery UX in Mexico: Tavo Zambrano, CEO, Skydropx
Once you click on the “Buy” button and your transaction is approved, you’ll most likely immediately start refreshing the page to see if your order is on the way. But while online shoppers normally expected it, offering this minute-by-minute tracking visibility is not as straightforward as it sounds. This is precisely what Skydropx, a logistics […]