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Delivery startup, iVoy, experiences data breach, over 127,000 accounts exposed
Contxto – What a week it must have been over at Mexican logistics startup, iVoy. When your users’ data has been potentially compromised, you have a lot to do. Last Tuesday (28), news broke that it was among a series of companies to experience a data breach. In the process, a reported 127,432 account users’ […]
Mottu raises US$2M to solve logistics startup deathtrap. Its answer? Delivery B2C
Contxto – Brazilian motorcycle delivery as a service, Mottu, raised a pre-Series A round worth US$2 million this month. The investors were Allievo Capital, Caravela Capital, Fundação Estudar, and angels. The news was kept under wraps until now. Contxto got in touch with Allievo Capital co-Founders, Guilherme Queiroz and Matheus Baldi, to discuss the nature […]
Fintech Finnu gets US$800K investment to give loans for phones (without taking them away from their owners)
Contxto – Fintech Finnu has scored a pre-seed financing round worth US$800,000. The investment will now launch their creative solution to the perennial problem of the lack of personal credit in the Mexican and Latin American markets. The investment was led by Speedinvest (Austria), Kima Ventures (France), Seedrocket4founders Capital (Spain), and ArkFund, as well as […]
Mexican fintech minu raises one of the largest seed rounds in Latin American history
Contxto – We’ve said it once and we’ll say it again, raising substantial seed rounds can be quite the undertaking for startups. One Mexican fintech by the name of minu, however, just raised one of the largest seed rounds in Latin American history, a whopping US$6.5 million to be exact! What makes this investment even […]
MercadoLibre to launch its own delivery service in Mexico
Contxto – Nothing is better than a good old fashioned comeback. With the last-mile delivery industry making so much noise, MercadoLibre couldn’t ignore the temptation to hop on the bandwagon for too long. As soon as we thought the market had already too many participants. . . Seems like the legendary Argentine company plans to […]