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Brazilian Logtech Frete.com is the Latest Unicorn in LatAm
Road freight transport has just won a new ally: the Frete.com group, which becomes a new unicorn in LatAm
Mexico and Argentina are key to the fintech momentum in LatAm
*By Chloé Novène **Data shown here was last updated on October 1st, 2021 So far, 2021 has been a crazy record year in terms of fundraising for tech companies all across LataAm –especially in fintech. So what’s the current status of the fintech VC industry in the region? A few numbers to start Going back […]
Rappi is in plans to become a public company, according to cofounder
Rappi Inc. is preparing to go public next year on what would be one of the highest-profile US lists for a Latin American company.
Ualá buys Mexican bank ABC Capital and will invest $150M in the country
Not even three months have passed since Ualá closed a $350 million investment round, and it has already put this capital into motion. Today, the Argentinean fintech giant announced it has acquired the Monterrey-based bank ABC Capital. It is a big step for Ualá, whose latest valuation is $2.5 billion. To date, it has received […]
Miami is key to boost investment in startups in LatAm: study
Latin America is seeing almost daily announcements about capital raises, new startups, and recently created companies whose services have won market share over large competitors. The region is now booming as a lab of good ideas, where unicorns like Rappi, Cornershop, Clip, Kavak, Bitso, NotCo, NuBank, and Loggi, to name a few, have emerged. There […]
Brazilian insurtech Justos raises a $35M Series A
This new capital will be used to grow its staff and cover more territory. Justos, the Brazilian insurer collects series A.
Pismo raises a $108M Series B from Softbank, Amazon, and Accel
The “TechFin” from Brazil has raised US $ 108M in a round lead by Softbank, it will seek to grow its service in the cloud.
Q&A | LATAM e-commerce market could hit $250 billion by 2025: Merama
E-commerce has been growing over the years, but the pandemic accelerated its adoption, declares Felipe Delgado, co-founder and CFO of Merama. According to a Euromonitor report, Latin America was the fastest growing region in 2020 with 24 percent annual growth. He went on to say that as more users shift to e-commerce, more innovations in […]
Chilean startup Buk secures precedent-setting $50M in Series A funding round
Chilean HR company Buk announced that it has secured a $50 million investment in a Series A round led by Greenoaks. SoftBank also participated. A Chilean startup has never received initial backing of this size. The $50M investment raises Buk’s value to $417M, making it the third most valuable startup in Chile after Cornershop and […]
Ontop raises $20M to make having international teams easier
Colombian startup Ontop announced its second round of investment of 2021: a $20 million Series A led by Tiger and Point72 Ventures. SoftBank’s SB Opportunity fund also participated. With this round, Ontop has raised a total investment of $26 million during its first year of existence. Its founders are Santiago Aparicio and Julián Torres, who […]