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A regional car retail beast is born! Mexico’s Kavak and Argentina’s Checkars merge
Contxto – Today (26), we witnessed the birth of Latin America’s largest used car retailer. In an announcement forwarded early to Contxto, we can now confirm that Kavak and Checkars are to fuse. Checkars, now to become Mexican Kavak’s Argentine subsidiary, will receive a US$10 million investment to expand the operation, hire 300 new employees, […]
Pontte closes US$29 million to revamp real estate loans
Contxto – Real estate loan. Ugh, just looking at the term can raise fears of paying high-interest rates, getting duped by a credit institution, and signing away money for a long time. But fintech Pontte wants to change these perceptions. And to do so, the Brazilian startup recently closed an investment for R$160 million (~US$29 […]
The Ultimate Guide to Venture Capital in Brazil [Updated 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 […]
7 ways remote work will rock everyone’s future
Today’s Soapbox opinion comes from Paulo Bichucher, co-Founder at Yuca. Contxto – Covid-19 provided what some are considering to be the final blow to retail landlords, accelerating the switch to online commerce. Now, offices are in the spotlight. Will this pandemic accelerate the rate at which people move from the office to remote work, ultimately […]
OLX Brazil buys proptech Grupo ZAP to become real estate platform giant
[wd_hustle id=”InArticleOptin” type=”embedded”/] Contxto – “If you can’t beat ‘em, buy ‘em.” And that’s just what marketplace OLX Group did in Brazil this week. It’s bought out its competitor, Brazilian proptech Grupo ZAP at the pretty price tag of R$2.9 billion (US$642 million). The only matter that’s pending is approval from the Brazilian government’s antitrust […]
Brazilian proptech LAR.app raises close to US$1.9 million to optimize condominium management
Contxto – Picture yourself living in a condominium for years, only to be notified that it’s now up for sale for allegedly not paying the building. Adding salt to the wounds is the fact that the landowner didn’t even notify the tenant. This is a reality for many Brazilians in a country where the real […]