Stone

Contxto – Latin America’s biggest marketplace continues to lay down its logistics infrastructure. It was recently unveiled that Mercado Libre plans to disperse US$27.1 million for a new warehouse and distribution center in the state of Jalisco, Mexico. The project will lead to creating 3,500 direct jobs at a time where unemployment is rising. It […]

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 […]

Contxto – ComunidadFeliz, a Chilean startup, just raised US$2 million in order to help condominium administrators keep their tenants’ and landlords’ financial peace of mind. As the old Mexican adage says “Cuentas claras, amistades largas”. Not to say that those loud neighbors of yours are your friends, but perhaps not your enemies, I guess? The […]

Contxto – In many places, gym doors remain closed. But startup Gympass is finding more ways to expand its virtual services as users self-isolate. Besides offering online classes, it’s also added nutritional consulting, as well as remote therapy through Zenklub. More recently, it added personal trainers to improve the experience for users in Mexico. Correspondingly, […]

Contxto – Chilean insurtech Burn to Give is giving the Latam ecosystem plenty of reasons to celebrate. On Saturday (18), the startup announced it closed its Series A for US$8.5 million. Investors included Albatross Capital, Grupo Prisma, and Norwegian Katapult Impact. Angel investors from J.P. Morgan, Endeavor, among other organizations also pitched funds. Burn to […]

Contxto – Colombian startup LAIKA is like a dog with two tails right now. Its platform for pet products and services has been growing in recent months and it’s drawn the necessary investment to keep up its momentum. LAIKA Co-Founder and CEO Camilo Sánchez recently told Contxto in an exclusive interview that the startup had […]

Contxto – Mexican Bitso has been in a celebratory mood as of late. But, who wouldn’t be once you hit a big milestone? This week, the startup announced it has over one million users registered for its cryptocurrency platform. So what’s behind the abundance of Bitso users? A market that’s steadily catching onto cryptocurrencies and […]

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 […]

Contxto – Ask any restaurateur across your city and you’ll definitely be able to see the anxiety in their eyes. The industry has definitely been hit hard by the now-infamous novel coronavirus. remotekitchen, a Mexican foodtech, is enabling restaurant owners to run their businesses using nothing but their smartphone. And I truly mean “running” in […]

Contxto – Earlier this year, logistics startup CargoX stated that it wanted to finance more transport companies in Brazil. To that end, this it recently raised R$15 million (about US$2.8 million) through Pattac Empreendimentos e Participações to procure small and medium-sized trucking businesses with working capital. In April the “Uber for trucking” startup had closed […]