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 provides software for restaurants to manage orders, send orders to the kitchen, last-mile delivery and control inventory and cash flow.
The new funding will enable the company to expand its automotive credit and insurance products and introduce new features.
The new investment not only puts the company on a path toward profitability, but also solidifies its place in Brazil’s underserved grocery market.
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 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 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
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 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
Aravita's AI-powered solution for supermarkets looks at variables, including climate, seasonality and consumer behavior, to manage the purchasing of fresh food.
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.
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.
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 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
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.
The company sources directly from organic farmers and is able to offer prices that are 40% lower than a grocery store.
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.
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, 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
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.