Colombia

General Atlantic leads $50M Series C into Bold to grow digital payments in Colombia

Bold provides low-cost payment terminals, called dataphones, that enable small and medium businesses to accept link payments.

Cobre secures $13M to help CFOs in Colombia automate corporate payments

Cobre's corporate treasury platform gives CFOs more visibility and control over their company’s financial transactions and a way to digitize and automate their payment processes.

For LatAm payment orchestration startups, market fragmentation is a blessing in disguise

To be successful in Latin America, payment orchestrators must provide a robust value proposition that meets the unique conditions of the region.

Andreessen, Atlantico, MAYA Capital add some dough to Fudo’s restaurant tech recipe

The independent restaurant customer, most likely adopting restaurant operation technology for the first time, is who Fudo is targeting.

Tiger Global, YC back Rebill’s subscription payment platform for Latin America

Rebill differs from legacy providers in that it is targeting medium to large companies, is cloud-based and sold on a subscription basis so customers just have to pay a license fee.

Miferia wants to expand its wholesale inventory marketplace across Latin America

The Mexico-based company enables retailers to bring their inventory relationships online, expand their product selection and get more favorable credit terms.

Latin America’s slowing VC market hides local strength

To really understand what’s going on with Latin American venture capital funding, we have to go deeper than the regional perspective can afford us.

Treggo, armed with new funds, takes on crowded Latin American last-mile delivery sector

Treggo works with thousands of last-mile providers to give merchants information on the best delivery provider in a certain zip code.

DEUNA enters Latin America’s crowded one-click checkout sector flush with $37M

The company is targeting the region's challenges of customer acceptance, conversion and fraud with its "Commerce 3.0" payment infrastructure. 

UK signs its first data sharing deal post-Brexit, with South Korea

Six years on from the referendum where the United Kingdom voted to leave the EU, and in the midst of an apparent government meltdown, the country is announcing its first international data sharing dea

MAYA Capital closes second fund with $100M for early-stage Latin American startups

This new fund triples the firm’s assets under management and will enable the pair to invest in another 25 to 30 companies.

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank. 

It’s correction time for Latin American VC activity

Let’s dig into the early Q2 data on venture capital investment into LatAm startups, and then discuss the halo effect — or lack thereof — of Latin American giants like Nubank.

Meta and Google’s Gradient back LatAm startup OlaClick

More than 80% of food delivery orders in Latin America are still made over phone calls and settled with cash. OlaClick, a young startup that is helping these restaurants sell online and collect money

Pandas wants to give Latin American businesses buying power in Asia

Pandas connects Latin America's small businesses directly with Asian manufacturers to reduce logistical problems and high fees often imposed by importers and intermediaries.

clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in LatAm

The company delivers a package every 20 seconds and services customers of all sizes, from AB inBev and Red Bull to small Shopify merchants.

Daily Crunch: Terraform Labs CEO goes public with strategy to re-peg sliding UST stablecoin

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Colombian proptech Habi reaches unicorn status with $200M raise co-led by SoftBank and Homebrew

Habi, a Bogota-based proptech, has closed on $200 million in a Series C funding round co-led by Homebrew and SoftBank Latin America Fund. The startup did not reveal its exact valuation, saying only it

Gradient Ventures backs Mentum’s goal to democratize investment services in LatAm

The company offers technology in the form of APIs and widgets that businesses can use to create investment products for their customers.

Inventa poised to enter Mexico, Colombia with its supplier marketplace

Its technology connects retailers with suppliers for inventory discovery and also provides credit so retailers can flexibly pay suppliers.
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