Brazilian fintech QI Tech lands $200M led by General Atlantic

Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. The raise is believed to be the largest in Brazil —

Yooga wants its restaurant operating system to be ‘Toast of Latin America’

Yooga provides software for restaurants to manage orders, send orders to the kitchen, last-mile delivery and control inventory and cash flow.

Gringo’s super app for Brazilian drivers adds insurance, financing with $30M Series C

The new funding will enable the company to expand its automotive credit and insurance products and introduce new features.

JOKR now valued at $800M after bagging about $50M in Series D funding

The new investment not only puts the company on a path toward profitability, but also solidifies its place in Brazil’s underserved grocery market.

Praso bags $9.3M, acquires Floki’s IP to simplify food purchasing for Brazilian retailers

The company connects large foodservice manufacturers with small retailers — like bars, restaurants, cafés and bakeries — a marketplace and manages fulfillment, logistics and even credit.

A Brazilian phone spyware was hacked and victims’ devices ‘deleted’ from server

A Portuguese-language spyware called WebDetetive has been used to compromise more than 76,000 Android phones in recent years across South America, largely in Brazil. WebDetetive is also the latest pho

TikTok launches a music streaming service in Brazil and Indonesia called ‘TikTok Music’

TikTok has already dominated the short-video and social media market, and is now looking to take on Spotify and Apple Music with its latest offering. The company announced today that it’s launch

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far. Fou

WhatsApp users in Brazil can now pay merchants through the app

WhatsApp is introducing the ability for users to directly pay businesses through chat in Brazil. This means that people in the country can have end-to-end shopping experiences, from discovery to payme

Qualcomm-backed Aravita wants to help Brazilian supermarkets control food waste

Aravita's AI-powered solution for supermarkets looks at variables, including climate, seasonality and consumer behavior, to manage the purchasing of fresh food.

Mecanizou, now with $14.5M, plans to expand auto parts marketplace in São Paulo

Mecanizou provides auto parts and the price following input of a car's basic information. Mechanics can purchase the parts in one click and receive the parts in one hour.

TechCrunch+ roundup: Building a core AI team, Brazil’s CVC climate, remote work rituals

If your startup doesn't have a well-defined business model — and a backup in case the first one fails — it's unlikely to get funded.

How one Brazilian startup’s pivot to corporate cards has paid off

Portão 3 was founded as a corporate travel startup in 2020 and had released its product just as COVID hit Latin America and “all airports closed,” recalls co-founder Bianca Pereira. Although the

Twitter launches subscription service Blue in India, Indonesia and Brazil

Twitter has rolled out its subscription service, Twitter Blue, to users in India, Brazil and Indonesia, it said on Wednesday, tapping large key overseas markets where it has amassed over 100 million u

Grocery deliverer JOKR doubles down on Brazil as it secures $50M on $1.3B valuation

JOKR hit gross-profit status last April, but was swept into the challenging economic environment that affected the instant grocery delivery sector over the past year.

Brazilian online grocery deliverer Diferente secures $3M to increase customers’ access to healthier food

The company sources directly from organic farmers and is able to offer prices that are 40% lower than a grocery store.

Indian social network Koo gains popularity in Brazil but faces moderation challenges

Elon Musk taking over Twitter has sent some people to look for alternatives such as Mastodon and Hive. In Brazil, however, many are showing more inclination toward the India-based social network Koo.

Alibaba eyes logistics growth in LatAm as China commerce slows

Cainiao, the logistics arm of Alibaba, is traveling far from home to seek expansion for its business. The company recently launched its first parcel distribution center in Brazil, adding to its region

Instagram expands AI-powered age verification program to India and Brazil

Instagram, facing scrutiny from safety advocates, started testing a program in the U.S. earlier this year to verify users’ age of those claiming to be 18 or older. It uses techniques including a

For Brazilian shareholders, Nubank’s IPO has a bitter aftertaste

Nubank's decision is now another data point that leaves us wondering how long it will be before another Latin American fintech dares to IPO.
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