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Brazilian government starts cryptocurrency regulation… too late for some
Contxto – Cryptocurrency startups and enthusiasts in Brazil have a reason to celebrate. The government announced that, as of next May, cryptocurrency exchanges will now operate under a designated code (“6619-3/99”). This little number from then on out will refer to the “brokerage and possession of crypto-assets.” Why it’s a big deal: this move further […]
SimpliRoute’s post-investment path is clear: enhance and expand
Contxto – The road map for Chilean logistics startup is clear: full speed ahead with its expansion plans. To that end, it has the fuel to move forward: a recent investment worth US$3 million. Its copilot, or lead investor, on this journey was TheVentureCity. This is SimpliRoute’s Series A round and through it, a number […]
Colombian fintech Avista tenders to an oft-ignored market after aqui-hire of IdeasLab
Contxto – Colombian fintech Avista has been busy lately. First, it raised a debt financing round for US$75 million. The names of the four participating financial institutions were not disclosed. Then, Avista acqui-hired Medellín-based IdeasLab, a product and software development firm, for an unspecified amount. In a statement, the startup clarified that it will be […]