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The Ultimate Guide to Venture Capital in Brazil 2020
Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]
IDB Lab makes strategic contribution to fund managed by 500 Startups LatAm
Contxto – Startups have achieved great feats within a lab. But now it’s (figuratively) the other way around. IDB Lab—the Inter-American Development Bank’s innovation arm—wants to cultivate some startups of its own. Yesterday (1), IDB Lab announced it will be investing into the 500 Luchadores III Fund, managed by 500 Startups LatAm. This trove of […]
Rockstart accelerator will offer something other programs don’t—a credit card for startups
Contxto – There have been quite a few examples of startups dishing out credit cards for individual consumers. Although this time around it’s a different ecosystem player that’s helping founders foot the bill without using their own pocket money. Rockstart, an accelerator with offices in Colombia, will release a credit card for startups. The minds […]
Fintech ePesos raises financing for US$21 million with Accial Capital
Contxto – Another fintech has been recently fueled to serve up more loans. This week, Mexican ePesos stated it closed a debt-financing round for US$21 million through Accial Capital. In addition, the startup announced the launch of “ePesos+”. This new service will tender to Mexico’s employed, but unbanked population. There are lending fintechs that tender […]
MIT is crowdsourcing coughs to fight Covid-19 in Mexico
Contxto – What if I told you you could help stop Covid-19 by coughing… a lot? Bear with me here, there’s a tech-related explanation to this question, and not a sign of cabin fever (hopefully). Researchers from MIT and the University of Guadalajara in Mexico are training an algorithm to “learn” to identify the sound […]
How Latin American’s digital transformation can be a global model
Today’s Soapbox opinion comes from Andre Oentoro is the Founder of Breadnbeyond Contxto – Latin America’s digital landscape has been growing exponentially over the past few years. In the region, digital transformation is the crucial ingredient for poverty reduction and welfare systems—as well as other social indicators. When global pandemic strikes, countries across the region […]
Ualá’s newest feature lets users soft-land into credit
Contxto – Yesterday (22) fintech Ualá announced the release of a new feature. Through its “Cuotificación” service, app users in Argentina can break purchases into one, three, or five payment installments. This perk will apply for goods and services worth more than ARS$100 (~US$1) and for up to ARS$5,000 (~US$72) made within the last six […]
UNICEF Cryptocurrency Fund invests ~US$28,600 in startups working with blockchain
Contxto – The UNICEF Cryptocurrency Fund is upping its ante. Last Friday (19), it announced it made its largest investment yet. As a result, four startups from Latin America will raise 125 ETH (worth around US$28,600 according to Cointelegraph) to develop, pilot, or scale their open source products. For this investment round, the international organization […]
Mexico wants to fuse its antitrust regulators into one… How could it help (or hurt) startups in Mexico?
Contxto – In an effort to save the federal government some mullah, last Wednesday (10), Mexican Senator Ricardo Monreal proposed that three agencies be merged. These institutions are: The Federal Commission for Economic Competition (Cofece), the Federal Telecommunications Agency (IFT), and the Commission on Energy Regulation (CRE). With their powers combined, Monreal proposes the launch […]
Crypto regulations in Colombia are put on the back burner
Contxto – In human behavior, often when something is undesirable but a person does not wish to discard it entirely, they delay. This logic may also apply when it comes to cryptocurrency regulation in Colombia. A law that addresses cryptocurrency regulation was to be presented and discussed among legislators this week. However, a senator—one Horacio […]