brazil
Brazil’s Abstra lands Accenture as a customer and $2.3M to help teams make apps with its no-code tool
Abstra, which has developed a no-code tool for designers and programmers to build professional apps, has raised $2.3 million in a funding round led by SoftBank Latin America Fund. Bruno…
The late Harvard Business School professor Clayton Christensen found that in many sectors, low-end disruptors take hold at the bottom of the market and then work up to satisfy more…
With $36 million Series C, Brazil’s Ambar hopes to make civil construction more efficient
Brazilian construction tech startup Ambar announced it has raised a large Series C round of R$204 million, approximately $36 million, to boost the digitization arm of its business.
Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round
For decades, Brazil has had a huge credit problem. It is Latin America’s largest country and has one of the highest interest rate spreads in the world. To give you…
BHub secures $20M to become LatAm companies’ back-office administrator
Company owners can integrate BHub with their financial systems and view everything through one financial dashboard.
Supplier, grocer connector Clubbi secures $4.5M to expand in Brazil
Clubbi launched in October 2020 with 24-hour delivery, no minimum order quantity and flexible payment terms. It is currently working with 1,000 grocery stores in Rio de Janeiro.
Brazilian workspace-on-demand marketplace BeerOrCoffee snags $10M
BeerOrCoffee, a São Paulo-based flexible office marketplace, has raised $10 million in a Series A round led by Kaszek. Valor Capital Group also participated in the round, which brings BeerOrCoffee’s…
Is Nubank’s lower IPO pricing bad news for Brazilian startups?
What’s going on with an IPO that was expected to be a key moment for Brazilian tech companies in particular, and fintech upstarts more broadly?
Co-working and edtech company Talent Garden acquires Hyper Island to scale online courses globally
Talent Garden is a sort of “European-WeWork-meets-General-Assembly” in that its business model is a combination of co-working spaces (in places like Italy, Austria, Romania, among others) plus online/offline digital courses.…
Seaya Ventures, Cathay Innovation launch $125M fund for LatAm startups
The Seaya Cathay Latam Fund will invest in between 12 to 15 companies and will write check sizes of between $5 and $10 million.
Lee Fixel’s Addition leads $32M investment into TruePay, a Brazilian B2B ‘buy now, pay later’ startup
Global investors continue to be drawn to LatAm. TruePay, a one-year-old São Paulo-based “buy now, pay later” startup, announced today that it has raised $32 million in a Series A…
Kaszek leads Z1’s latest round as it develops its bank app aimed at LatAm teens
The new capital will provide support as the company aims to grow 10 times over the next 12 months and add new features to enhance the financial inclusion and literacy…
Cubbo aims to be Latin America’s next e-commerce fulfillment leader
Cubbo touts itself as the only company that can take an order up to 5 p.m and get it out in Mexico City the same day.
Chiper aims to ease inventory burdens for Latin American corner stores
Mom-and-pop corner store owners in Latin America manage relationships with over 100 different suppliers, often traveling long distances to pick up inventory and aren’t able to regularly restock.
Brazilian social commerce marketplace Facily quietly raises $366M in less than a year, now valued at $850M
Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. Most recently, Facily closed on a $250…
A wave of LatAm fintechs are laying down new global commerce rails
When it comes to e-commerce, the world is smaller than ever. Developing a new global financial infrastructure capable of supporting a world dominated by digital commerce is a massive challenge.
Digital restaurant startup Zak orders up new capital on mission to be ‘Toast of LatAm’
As food operators themselves, ZAK founders saw first-hand last year the toll it was taking on restaurants that needed to quickly reinvent themselves during the pandemic.
Brazil’s Canary sings with closing of biggest fund with $100M in commitments
Canary’s first two funds each invested in approximately 50 companies and the firm’s expectation is to do around the same number of first checks with the third fund.
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Why QED, hot on Nubank, is bullish about LatAm fintech
QED’s first investment in the region was Nubank, a deal that is set to pay off handsomely.
Housing startup QuintoAndar to open first technology hub outside Brazil in Portugal
The new office will serve as its first in Europe and will be operational in March, initially staffing up to 50 by the end of next year.
In good news for its peers that may seek to go public, the numbers Nubank has shared in its IPO filing seem to make pretty reasonable business sense.
WhatsApp brings its Business API to the cloud to speed adoption
WhatsApp will today begin beta testing a new, cloud-based version of its WhatsApp Business API, hosted on parent company Facebook’s infrastructure. With the shift to the cloud, the setup time…
Tiger Global leads $25M investment into Swap, which aims to be ‘LatAm’s fintech factory’
Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily oversubscribed,” according to the…
Didi expands, inDriver monetizes to rival Uber, Bolt in Africa
The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations in South Africa in 2013, setting the stage for its foray across…
Tarken connects grain buyers and sellers around more transparent pricing for commodities, starting with corn.
Gringo raises $8M to help Brazilians manage auto-related documentation with its app
Gringo, a Brazilian startup that has built an app aimed at supporting drivers in a variety of ways, has raised $8 million in a new round of funding. Kaszek led…
This morning Brazilian neobank Nu, better known as Nubank, announced that it has filed to go public. Today its F-1 filing remains private, but the announcement of its existence implies…
SoftBank bets big on Pipefy, which just raised $75M for its ‘low-code’ workflow management tool
Pipefy, a “low-code” workflow management SaaS startup, announced today that it has raised $75 million in Series C funding. SoftBank Latin America Fund led the financing with a $50 million…
Brazilian insurtech Justos raises $35.8M in Ribbit Capital-led Series A
Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding…
Watch Edward Snowden launch Global Encryption Day, live today
Marginalized communities, survivors of abuse, politicians, law enforcement — they all use encrypted communications to keep their information safe. But the encryption of the kinds of services you and I…