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At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills but also are passionate about improving lives.
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Elenas raises US$2 million to empower door-to-door saleswomen in Colombia
Contxto – Startup Elenas just raised a seed round worth US$2 million to bring empowerment, ownership, and a better quality of life to women in Colombia. The investors in this round were Alpha4 Ventures, Amador Holdings, Polymath Ventures, and Meesho. They’ll use the investment to continue expanding through their native Colombia and the upcoming years […]
Fintech Quanto scores US$15M with Brazil’s largest banks
Contxto – The Brazilian Fintech Quanto just raised US $15 million with Itaú Unibanco and Bradesco: The two largest banks in Brazil. Not satisfied with bagging these major financial institutions when it comes to banking, Kaszek Ventures and Coatue—both VCs—also pitched some funds for this investment round. While Itaú Unibanco’s contribution happened as a direct […]
Can spacetech truly take off in Latin America?
Contxto – On October 9, 2020, the Mexican government took a break from its regularly scheduled Earth-bound matters to make an announcement that took many by surprise. Latin America was launching a unified regional Latin American and Caribbean Space Agency (ALCE, as it is known in Spanish). The landmark agreement was signed alongside Argentina, making […]
Here’s the strategy founders are using to boost customer trust (and sales)
Contxto – As the founder of a startup in practically any sector, you may never have heard of licensed content. Yet, licensed content for startups could well be your secret weapon to closing sales, optimizing ROI (return on investment), and building your brand’s credibility. Although the concept of licensing written, audio, video, and photographic material […]
Chile recognized as solar energy powerhouse as Sunai wins Platzi Demo Day
Contxto – A new solar energy startup has joined the major leagues in Chile’s increasingly influential renewable energy sector. In the ranks of great companies like Inti Tech and Belinus, Sunai—a new solar power generating company—has just won big in Demo Day Platzi. Sunai is a platform that manages solar energy by collecting real time […]
Brex adapts to tough times, but is it only skin deep?
Contxto – It has been an interesting year for Brex. The fintech who had such a troubled year that they have decided to change things but only superficially. Back in May, the company had received a US$150 million investment, and planned on hiring 400 employees—but this year has turned differently—by June it had laid off […]
Rappi makes home office permanent
Contxto – Returning to normal after the pandemic will look pretty similar to the employees of Rappi who will now adapt to home office as a regular occurrence. Home office was not foregin to these employees who were used to a hybrid way of working. This meant some days they would go to the office […]
Nuvemshop raises US$30 million in bid to become Latin America’s Shopify
Contxto– Argentine e-commerce platform Nuvemshop raised US$30 million in funding to expand their operations as a website builder for small and medium enterprises (SMEs). Nuvemshop (known as Tiendanube in Spanish) started nearly ten years ago in Buenos Aires, and has since expanded to Brazil and Mexico, with plans to move to Colombia and Peru in […]
Moova, the logistics Airbnb, sees double expected growth thanks to pandemic
Contxto – Moova, the self-proclaimed Airbnb of urban logistics startup from Argentina, duplicated its annual turnover expectation thanks to the Covid-19 pandemic. While the lock down forced many businesses to drastically change their ways in order to survive, some others like Moova benefitted from the conditions introduced by this global crisis. The company’s CEO, Antonio […]
Startups from Paraguay (beta)
Contxto – Startups in Paraguay are as interesting as this often ignored corner of the Latin American ecosystem is. Yet, there is a common trend to be seen as in the rest of the region. It was one we detected almost exactly a year ago when we wrote a market map of fintech startups in […]