The Latest from Marcella McCarthy
Gympass, the exercise and corporate wellness unicorn that originated in Brazil, today announced a $220 million Series E. The company has seen tremendous growth in the last few months, as more and more
Ran Korber and his asthmatic and pregnant wife were looking to buy a house in Israel. As an environmental engineer, he knows that air pollution is the leading environmental cause of premature death, c
Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset management
Brazil is a country riven with economic contradictions. It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets.
For most startups, the hardest early challenge is identifying a market and a product to serve it. That wasn’t the case for Nubank CEO David Velez, who knew the potential for success in Brazil.
David Velez needed to fill two key co-founding roles to begin building Nubank — he needed a CTO to lead the engineering side of the business, as Velez didn’t have an engineering background.
It’s easy to assume the name Nubank refers to “new bank,” but that’s not what the founders were going for. The word “nu” in Portuguese means “naked,” and Velez wanted the name to refle
Nubank’s first office, on California Street in the Brooklin neighborhood of São Paulo, makes for a great beginning to the company’s story.
In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the s
In 2014 Alexis Patjane was at a local hookah bar in Mexico City with some friends and the bar ran out of tobacco. They thought maybe they could buy some online and have it delivered to the bar in real
Just about every week there’s a blockbuster round coming out of South America, but in certain countries such as Ecuador, things have been more hush-hush. However, Kushki, a Quito-based fintech, is b
Telemedicine has faced an uphill battle to become more relevant in the U.S., with challenges like meeting HIPPA compliance requirements and insurance companies unwilling to pay for virtual visits.
In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. However, the business banking spac
If you’re reading this, there’s a pretty good chance you have a LinkedIn profile with your digital resume and hundreds — if not thousands — of professional connections. But how many of
As a longtime real estate developer based in Chile, Benjamin Labra was able to spot gaps in the buying and renting markets in Latin America. To meet demands, he started Houm, an all-in-one platform th
It looks like everyone and their mother is trying to reinvent the Brazilian banking system. Earlier this year we wrote about Nubank’s $400 million Series G, last month there was the PicPay IPO filin
Brazilian mobile payments app PicPay filed on Wednesday an F-1 with the Securities and Exchange Commission (SEC) for an IPO valued at up to $100 million. The company plans to list on the Nasdaq under
The pandemic has made telemedicine video visits in the U.S. almost commonplace, but in Latin America, where broadband isn’t widely available, 1Doc3 is using text and chat to provide access to care.
If you think cyberattacks are scary, what if those attacks were directed at your cardiac pacemaker? Medtronic, a medical device company, has been in hot water over the last couple of years because its
If you or a loved one has ever undergone a tumor removal as part of cancer treatment, you’re likely familiar with the period of uncertainty and fear that follows. Will the cancer return, and if so,