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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 […]
Falabella signs contract with Peruvian logistics company Chazki, “the Uber of logistics”
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. […]
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 […]
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 […]
Mexico is the go-to market for expanding Latin American startups
Today’s Soapbox opinion was written by Jia Li Tan, an Investment Professional at ALLVP. Contxto – On September 16, Mexicans around the world celebrate “Día de la Independencia”; the anniversary of the country’s independence from Spain. It is the day when the whole of Mexico celebrates and takes a day off work. It was on […]
iFood acquires SiteMercado as e-grocery competition intensifies
Contxto – Delivery de Mercado—iFood’s marketplace of restaurants and supermarkets—grew 240 percent last August when compared to March of this year. Evidently, Covid-19 has pushed consumers towards acquiring their edibles online. So to keep up with this momentum, iFood recently acquired SiteMercado—a white-label platform that helps grocery stores digitize their operations to work as an […]
Orchata: Why did this Mexican startup wait to announce it was in YC?
Contxto – Y Combinator is always full of excitement. However, we were all delightfully surprised on Demo Day after being privately contacted by a Mexican startup, Orchata. Turns out, they too had been selected for this year’s Summer Batch. Thus, the final YC tally stood at: The obvious question is, why did this Mexican startup […]
A dream comes true: Cornershop and Uber partner up with major retailer Cencosud
Contxto – Despite the uncertainty surrounding Cornershop’s corporate governance, nothing seems to be stopping the company from achieving what it sets itself to. According to América Economía, the company—which seems to be operating under Uber’s control now—established a new strategic partnership with Chilean retail consortium, Cencosud. What this means is that the supermarket companies operating […]
Rise of the challenger apps. OMNi to take on super-app Rappi
Contxto – OMNi is a Costa Rican startup that operates in Central America and the Caribbean. It claims to have developed the first super-app in the region, offering e-bike sharing services, a neobank, and soon ride-hailing and digital payment solutions. In correspondence with Contxto, David Luza Echeverría, Executive Assistant at OMNi, said he believes that […]
Cornershop forges partnership with Emptor to automate background checks
Contxto – As Chilean-Mexican Cornershop looks to scale throughout Latin America, it needs help carrying out background checks for its shoppers. To that end, it partnered with Peruvian Emptor to automate the due diligence process. Through the deal, many manual processes for screening candidates are ditched, according to an announcement made last Wednesday (29). For […]