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Education group Afya purchases iClinic for US$32.9 million
Contxto – Afya, a group that focuses on health education, announced on October 13 the purchase of iClinic, a healthtech company, for R$182.7 million (US$32.9 million), which was bought with 61.5 percent cash and 38.5 percent in Afya shares. Helping the medical community With this new acquisition, the group will offer different services to doctors, […]
Emptor, leading Latin American identity verifier, expands to Costa Rica
Contxto– Emptor, an automated identity verification and background check provider, has announced its expansion into Costa Rica. The future is here! Well, actually, it may have been here for quite some years now. Though now based in New York, Emptor was founded in 2016 and has Peruvian roots. It offers its services to several countries across […]
Hospitality startup Casai scores largest Mexican Series A
Contxto -The emerging luxury hospitality startup, Casai, has received a round worth US$48 million, becoming the largest Series A raised by a Mexican company and one of the largest in Latin America. That funding will be divided into US$23 million in equity funding while US$25 million will be in debt financing from Andreessen Horowitz, a […]
Nuvemshop raises US$30 million in bid to become Latin America’s Shopify
Contxto– Argentine e-commerce platform Nuvemshop raised US$30 million in funding to expand their operations as a website builder for small and medium enterprises (SMEs). Nuvemshop (known as Tiendanube in Spanish) started nearly ten years ago in Buenos Aires, and has since expanded to Brazil and Mexico, with plans to move to Colombia and Peru in […]
Startups from Paraguay (beta)
Contxto – Startups in Paraguay are as interesting as this often ignored corner of the Latin American ecosystem is. Yet, there is a common trend to be seen as in the rest of the region. It was one we detected almost exactly a year ago when we wrote a market map of fintech startups in […]
MAT: The newest competitor in the Colombian ride-hailing app saga
Contxto – Amidst a troubling year for ride-hailing apps in Colombia, MAT makes its appearance with an innovative, employee-owned business model. Back in January, Uber was banned in Colombia after being accused of unfair competition practices by the Colombian Superintendency for Industry and Commerce. Like a phoenix rising from the ashes, the ride-hailing app returned […]
Watch out Nubank? Ank marks Itaú’s foray into fintech
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 […]
SoftBank’s Latin America fund will decide the future of fintech
Welcome to our new The Exclusive deep dive content about our Latin American ecosystem. We’re giving our registered newsletter users a sneak-peek of these soon-to-be paid for articles. Contxto—Politics, football, and Tesla’s current stock price all have one thing in common with SoftBank—Latin America’s largest foreign investor—; you should never mention them in conversation unless […]
Rappi seeks to improve cash solutions and reconciliations with help from SafetyPay
Contxto – Just after wrapping up a funding round that exceeded US$300 million, the Colombian delivery unicorn, Rappi, has now joined forces with the payment platform SafetyPay. Together they want to streamline the company’s cash solutions and financial reconciliations, meaning the money leaving an account matches the amount spent. Since Rappi has evolved from delivery […]
What are the ground rules for competing after Covid?
Today’s Soapbox opinion was written by María José Contreras de Velasco, who is charged with promoting a culture of competition from COFECE. Contxto – The health crisis caused by Covid-19 has forced us to reinvent our habits. We now buy our groceries, exercise, take classes, and work, all without leaving home. As we adapt, companies […]