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News

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Mozper brings home digital banking for parents & kids in Latin America, Raises $3.55M in Seed Round

1 month ago

Contxto, With the idea of  introducing youth to digital banking and offering exposure to managing finances at a young age, Mozper launched a debit card and app designed especially for kids and parents in Latin America.  With a $3.55M closure in seed round, this fund raise was led by Hetz Ventures along with the other […]

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Brex adapts to tough times, but is it only skin deep?

4 months ago

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 […]

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Reversso to get over US$160,000 after successful Demo Day

4 months ago

Contxto – Chilean startup Reversso had a good Demo Day, has so far raised US$160,000 in a round led by Platanus Ventures. After being founded in 2019, the solution created by brothers Benjamin and Clemente Santa Maria, alongside Benjamin Regonesi, has become a new way to optimize the e-commerce process by being simpler, cheaper, and […]

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Falabella signs contract with Peruvian logistics company Chazki, “the Uber of logistics”

4 months ago

Contxto– In order to maintain leadership in the e-commerce business, Chilean retailer Falabella has signed contracts to work with logistics companies to optimize its delivery methods. During the Covid-19 pandemic, Falabella received backlash on social media due to a delivery service perceived as inefficient by its clients. Deliveries were extremely delayed while orders increased exponentially.  […]

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Moova, the logistics Airbnb, sees double expected growth thanks to pandemic

4 months ago

Contxto – Moova, the self-proclaimed Airbnb of urban logistics startup from Argentina, duplicated its annual turnover expectation thanks to the Covid-19 pandemic.   While the lock down forced many businesses to drastically change their ways in order to survive, some others like Moova benefitted from the conditions introduced by this global crisis. The company’s CEO, Antonio […]

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YVY: The Brazilian Nespresso of cleaning products

4 months ago

Contxto– YVY is a startup from Brazil specialized in cleaning products that provide maximum efficiency with a minimum ecological footprint.   The idea is simple, yet futuristic: A package containing YVY capsules is delivered to your door. You insert the capsules into a sprayer and start cleaning. After finishing the product, you return the empty capsules […]

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Watch out Nubank? Ank marks Itaú’s foray into fintech

4 months ago

Contxto – Itaú, Brazil’s second-largest bank, has ventured into the world of fintech with its launch of an app called Ank. The goal of the app is simple: trying to help consumers keep track of their various bank accounts in one central location. The idea is that Ank is a consumer’s first port of call […]

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SME financial platform Xepelin raises US$2.5 million seed round led by Ideas Impact VC

4 months ago

Contxto – On October 1, Xepelin, a Chilean financial platform created for SMEs to grow, raised a US$2.5 million seed round led by Ideas Impact VC.  This is Xepelin’s third funding round, bringing its total funding amount to US$3.5 million. Other investors in this recent round include Oskar Hejertonsson, Manutara Ventures, Ignacio Canals, Gonzalo Rojas, […]

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Two new Latin American-ish unicorns forebode ominous news for the region

4 months ago

Contxto – The world announced two new unicorns into the ecosystem just this week, and both have a distinctly Latin American flavor.  One is Orca Bio, a clinical-stage biotechnology company developing high precision allogeneic cell therapies, which announced that it had scored Series D financing with US$192 million. The round was co-led by Lightspeed Venture […]

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Urban mobility app 99 to debut WhatsApp ride-hailing feature

4 months ago

Contxto – Booking a private ride over the 99 app in Brazil will now be as simple as sending a WhatsApp message. This is following an iconic partnership between the two companies.  The new 99 feature won’t even require the transportation app to be downloaded on a device. This will allow patrons to save storage […]

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