SoftBank

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SoftBank provides fixed line, mobile telephony, internet, telecommunications, and digital television products.

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PORTFOLIO NEWS

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Watch out Nubank? Ank marks Itaú’s foray into fintech

1 month ago

Contxto – Itaú, Brazil’s second-largest bank, has ventured into the world of fintech with its launch of an app called Ank. The goal of the app is simple: trying to help consumers keep track of their various bank accounts in one central location. The idea is that Ank is a consumer’s first port of call […]

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SoftBank’s Latin America fund will decide the future of fintech

1 month ago

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 […]

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Urban mobility app 99 to debut WhatsApp ride-hailing feature

1 month ago

Contxto – Booking a private ride over the 99 app in Brazil will now be as simple as sending a WhatsApp message. This is following an iconic partnership between the two companies.  The new 99 feature won’t even require the transportation app to be downloaded on a device. This will allow patrons to save storage […]

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Brazilian Big Data and AI expert, Cortex, closes US$30 million SoftBank-led round

1 month ago

Contxto – What started in June as a SoftBank-led investment round for Cortex has resulted in the Brazilian “growth intelligence company” acquiring the most Big Data and AI funding in Latin America’s history with R$170 million (over US$30 million), according to the company’s website. Also read: Cortex lands R$120 million in SoftBank-led round to boost […]

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Used car platform Kavak hits US$1.15B valuation. First-ever unicorn from Mexico

1 month ago

Contxto – Used car platform Kavak the pre-owned car giant announced it reached unicorn status yesterday (30). In an interview, the startup said it reached a US$1.15 billion valuation following an investment round it closed in September.  The startup didn’t share how much the invested totaled for, only that Greenoaks Capital led it. In terms […]

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SoftBank-backed Ualá makes international debut with Mexico

1 month ago

Contxto – For the first time ever, Ualá is scaling beyond its native Argentina. Rumors floated around last week that the fintech would launch into Colombia, but alas that wasn’t the case. Today (29), Ualá announced it’s expanding into Mexico. “We launched Ualá in Argentina three years ago with the purpose of making personal finances […]

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VTEX raises US$225M to become unicorn and speed up global scaling

1 month ago

Contxto – The second unicorn to emerge amidst the pandemic is here. Today (28), VTEX announced it raised an investment for US$225 million. Consequently, it’s valued at a reported US$1.7 billion and has entered the unicorn club. Round participants include Tiger Global, Lone Pine Capital, Constellation, SoftBank, and Endeavor Catalyst. The Brazilian ecommerce platform had […]

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Some big names are partnering with lending fintechs in Latin America

2 months ago

Contxto – Latin America is filled with fintechs who have eyes on the ground and tech to identify users and businesses that are eligible for a loan. That helps explain why some of the world’s biggest companies have been forging partnerships with these startups recently. Last Monday (21), Uber Eats announced that it will be […]

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The Complete List of Latin American Unicorns [Updated 2020]

2 months ago

Contxto – With Latin America growing as an important axis for the entrepreneurship ecosystem, hardly a day goes by without a breaking news story about a regional startup funding round. And even more frequently, new unicorns in Latam. At Contxto, we’re always trying to showcase what’s going well in Latin America. With the same purpose, […]

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LinkedIn’s 2020 top 10 startups to work for in Brazil

2 months ago

Contxto – We already talked about the hottest startups among LinkedIn users in Mexico this week. Now, it’s Brazil’s turn. Remember that, when it comes to its top startup rankings, the social network for professionals factors in variables like employee growth, jobseeker interest rates, as well as engagement levels between startups and their employees. And […]

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