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Mozper brings home digital banking for parents & kids in Latin America, Raises $3.55M in Seed Round
Contxto, With the idea of introducing youth to digital banking and offering exposure to managing finances at a young age, Mozper launched a debit card and app designed especially for kids and parents in Latin America. With a $3.55M closure in seed round, this fund raise was led by Hetz Ventures along with the other […]
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 […]
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 […]
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 […]
SoftBank’s Latin America fund will decide the future of fintech
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. Contxto—Politics, football, and Tesla’s current stock price all have one thing in common with SoftBank—Latin America’s largest foreign investor—; you should never mention them in conversation unless […]
SME financial platform Xepelin raises US$2.5 million seed round led by Ideas Impact VC
Contxto – On October 1, Xepelin, a Chilean financial platform created for SMEs to grow, raised a US$2.5 million seed round led by Ideas Impact VC. This is Xepelin’s third funding round, bringing its total funding amount to US$3.5 million. Other investors in this recent round include Oskar Hejertonsson, Manutara Ventures, Ignacio Canals, Gonzalo Rojas, […]