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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. […]
MAT: The newest competitor in the Colombian ride-hailing app saga
Contxto – Amidst a troubling year for ride-hailing apps in Colombia, MAT makes its appearance with an innovative, employee-owned business model. Back in January, Uber was banned in Colombia after being accused of unfair competition practices by the Colombian Superintendency for Industry and Commerce. Like a phoenix rising from the ashes, the ride-hailing app returned […]
Mercado Libre to launch platform for all-things agriculture
Contxto – E-commerce giant Mercado Libre is returning to its roots, literally. This week it stated it would launch a specialized platform for users in Argentina to buy or sell supplies, tools, and even machinery for agriculture. For Mercado Libre, this maneuver means connecting small and medium-sized vendors with growers, while also riding that Covid-induced […]
Last-mile revolution: The restaurants taking on the delivery establishment
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. powered by Typeform Contxto – Covid-19 made restaurants real sick—of established last-mile delivery options. Now, in a bid to cut out the middle-app, restaurants and tech are […]
Colombian Griky is tackling two fronts in education—with 1,000 free classes
Contxto – Learning should never be limited to a classroom. If anything, the lessons that stick best are often beyond those four walls. Consequently, startups are proving to be hot among eager learners in Latin America. Likewise, edtechs are also offering tools so educators can, well, educate, despite the need to do so remotely in […]
Edtech Netzun sees 750 percent surge in users, plans to scale in Latam
Contxto – Users’ attraction to online classes has been almost as contagious as Covid-19 in recent months. Correspondingly, edtechs that offer content to hone your hard and soft skills have experienced unprecedented growth. Peruvian startup Netzun is a prime example. It grew 750 percent during the first half of 2020, compared to this same period […]
Nubank buys US-company, launches products, and… raises Series G?
Contxto – Nubank is the world’s biggest challenger bank in the world. So, perhaps we shouldn’t be surprised that the company is doing big things all over the place. However, I don’t believe in coincidences, so let’s have a look at what Nu’s been doing over the past week. A first international M&A for Nubank […]
Argentine banks unite to give Mercado Pago and fintechs a run for their money
Contxto – It’s no secret that marketplace giant Mercado Libre has been busy scaling its logistics operations and partaking in a large share of Latin America’s e-commerce. In the process, its fintech arm, Mercado Pago, has also been growing. Thus, multiple traditional banks have noticed and are taking cards in the matter. They’ve recently come […]
Neon plans to offer investment service to overlooked segment
Contxto – Sometimes, to launch a new product that offers insightful features means building it from scratch. Or, in fintech Neon’s case, by acquiring a securities broker and just absorbing that knowledge. Yesterday (16) news broke that Neon bought Magliano Invest—one of the oldest brokerage firms in Brazil—for an undisclosed amount. Correspondingly, Magliano’s small team […]
Startups founded by women in Chile (beta)
Contxto – Chile’s startup ecosystem is an overachiever, so it should be unsurprising that the country’s female founders are equally impressive. However, often the spotlight of success passes over the unique difficulties that women face when starting a company. So, we’ve created this Market Map to shine a light on these founders’ efforts displayed across […]