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Mercado Libre, now Latam’s most valuable company, reaches US$60B market cap. Opportunity or overhype?
Contxto – If you think either Petrobras, América Móvil, or even Walmex is Latin America’s largest company, think again, my friend. Mercado Libre, Argentina’s dearest tech company has seen its stock surge in the past couple of weeks, mainly due to people’s reliance on its e-commerce and payment platforms, which seem to be contingency-resistant. According […]
Caju closes US$2.5 million to disrupt employee benefits programs in Brazil
Contxto – Flexibility is a flavor investors always crave and they just sunk their teeth into a piece of cajú (that’s Portuguese for “cashew”). Yesterday (5) news broke that fintech Caju raised R$13 million (~US$2.5 million) in a seed round co-led by Canary and Valor Capital. Other participants include angel investors like Ariel Lambrecht (co-Founder […]
10 startups to enter Google’s accelerator program in Brazil
Contxto – Google for Startups Accelerator (previously dubbed Google Launchpad Accelerator) in Brazil has announced the 10 startups for its 5th cohort. As of last Monday (13), those chosen will participate in the program’s first-ever remote edition. For a three month term, they’ll receive mentoring and tap into the accelerator’s network of previous participants. Not […]