S4

Contxto – Argentine fintech Ualá has had a lot on its plate as of late, courtesy of Covid-19.  Ten months ago it hit a major milestone by dishing out one million of its pre-paid cards in Argentina. But this month, it announced it’s distributed over two million of these cards, mostly among users outside the […]

Contxto – Usually, an equity round entails a startup announcing its plans for scaling up, product development, hiring, and so on. Although that’s not exactly the case with Salvadoran Hugo. This last-mile delivery startup recently raised a Series A investment for an undisclosed amount. But instead of highlighting the types of programmers it’ll hire, it touted […]

Contxto – Brazilian startup Clarke Energia now has the energy or rather, investment to keep going. It recently raised R$3.2 million (around US$600,000) in a seed round led by Canary Ventures. Other investors include Fundação Estudar Alumni Partners (FEAP), an independent angel investment fund. The startup will use the funds to evaluate its product-market fit […]

Contxto – Nubank is following the admirable lead of other Latin American unicorns and taking big steps to safeguard their people during the pandemic. I say “their people”, because different companies have different spins on who they’re worried about. Brazil’s Loft is looking to help their workers—and eventually their customers—while business is languid. Related article: […]

Contxto – Not even fintechs are immune to coronavirus (Covid-19). In recent weeks, three startups, Créditas, Neon, and C6 Bank from Brazil, as well as Kueski from Mexico announced layoffs. Interestingly, many of these startups claimed it was unrelated to Covid-19. But there are grounds to think otherwise… “It wasn’t Covid-19, I swear,” say fintechs […]

Contxto – For the moment fintech founders and venture capital (VC) firms in Chile are celebrating. This week news broke that the government in Santiago is drafting a law to regulate fintechs. The proposal would then be presented to congress halfway through 2020. Considering how slow legislative processes tend to be, this is quite speedy. […]

Contxto – In its goal of becoming the Latin American super-app, Rappi has taken the next step. Of course, Covid-19 likely has fueled the development of its latest alliance. The SoftBank-backed, Colombian unicorn has allied with Arcus, the Fintech-as-a-Service created in the summer batch of Y Combinator from 2013. Powered by Arcus RappiPay is an […]

Contxto – It is about time for the masters to pass on knowledge to the students. Despite the current market conditions, some’s mission to keep improving remains unchanged. Chilean software agency, Platanus, partnered with fintechs Buda and Fintual, along with digital media, Vaso Medio Lleno to launch a new initiative for those who are just […]

Contxto – Argentine marketplace AgriRed is sowing the seeds for an upcoming investment. According to Punto Biz, this would be the second round for the startup, as it had raised US$350,000 “not too long ago.” The startup expects to close its second equity round by the time the coronavirus (Covid-19) pandemic eases up. So, perhaps […]

Contxto – Many startups initiated the year with big plans. Three months in and coronavirus has changed all of that. And there has been no greater need to adapt to the circumstances than now. So, one Colombian startup is doing just that. In a phone call with Contxto, Rebus Technology unveiled that within the span […]