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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 […]
RobinFood all-in with data-driven food services after US$18M investment
Contxto – RobinFood, parent company of Colombian foodtech brand MUY, has landed US$18 million of debt financing from Miami-based MGM Innova Group. This brings RobinFood’s total funding up to US$36 million thus far. The name of the game for RobinFood is to disrupt how food is delivered across Latin America. The company’s model is centered […]
2Morrow Sports receives a R$1.5 million investment, disrupting sports market
Contxto – Brazilian startup 2Morrow Sports has hit a home run, landing a R$1.5 million of financing from OutField Capital, an investment fund focused on companies working in the sports arena. 2Morrow Sports offers solutions that rev up the traditional team-supporter relationship. Its proprietary platforms go the extra mile by analyzing consumer behavior using customer […]
What are the ground rules for competing after Covid?
Today’s Soapbox opinion was written by María José Contreras de Velasco, who is charged with promoting a culture of competition from COFECE. Contxto – The health crisis caused by Covid-19 has forced us to reinvent our habits. We now buy our groceries, exercise, take classes, and work, all without leaving home. As we adapt, companies […]
Fintech was about going digital, why are challenger banks addicted to plastic cards?
Contxto – Some might think that the story of fintech in Latin America is that of an underdog: A rebellious bunch of disruptors playing by their own rules and trying to conquer a game as old as time. However, the most recent strategy adopted by challenger banks doesn’t portray them as dissidents – in fact, […]
Fintech a55 snags US$2M to scale lending solutions to SaaS businesses
Contxto – Five months later and once again fintech a55 raised funding. This week, the lending startup announced it closed US$2 million through E3 Negócios. It will use the investment to expand its team from 60 people to an eventual 100 by next year. Last May, a55 announced it closed US$5 million through Santander InnoVentures […]
AI startup Fligoo closes US$7.1 million to launch into Brazil
Contxto – Argentine-founded, San Fran-based, Fligoo is headed to Brazil to scale operations. The AI and big data startup recently raised R$40 million (~US$7.1 million) for its Series A round. Family offices 4P Investments from Brazil and Suquet Capital Partners from the US led the round. Fligoo pinpoints insights with AI Some say data is […]
Brazilian startups in Silicon Valley close US$2 million plus in funding over 2 years
Contxto – Brazil’s ecosystem is growing—and that’s not necessarily within its borders. Brazilian entrepreneurs and venture capital (VC) firms in Silicon Valley are looking to play an important role in strengthening the startup scene. Non-profit BayBrazil has been tracking this quite carefully. This organization recently arranged a survey that found that 11 startups with Brazilian […]
Tourism is dead, long live travel! How wanderlust just got a whole lot better
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 crippled an entire industry in a way no Trump tweet or Kylie Jenner Insta-story could’ve ever done. There are now two […]
Start-Up Chile announces 15 startups for 2020 Growth accelerator
Contxto – StartUp Chile announced its first generation of companies for its “Growth” accelerator. Launched in July of this year, the program aims to help more mature startups in Chile scale. Besides mentoring and networking opportunities throughout the 12-month acceleration, selected startups are eligible to raise up to CLP$60 million (~US$77,000) in funding. For its […]