latin america

Brazilian startup Salvy, a mobile carrier for businesses, was the only company based in Latin America in Y Combinator’s latest batch, the accelerator confirmed to TechCrunch.

Y Combinator’s latest cohort had only one LatAm startup in large part because of AI

Simetrik created the Simetrik Building Blocks, scalable and adaptable concepts based on no-code development and generative AI technologies.

Goldman Sachs bets on Simetrik’s automation tech for CFOs

Leal enables merchants to create a customer database to then offer cashback and rewards products to loyal shoppers on everyday purchases. 

Now with $5M, Leal invests in AI-driven customer engagement for LatAm merchants

The company integrates cameras and computer vision with routine police operations to address public safety challenges across Latin America.

Gabriel’s urban intelligence infrastructure aims to create safer neighborhoods across Latin America

Conta Simples ended the year reaching breakeven and obtained a license from the Brazilian Central Bank) to operate as an Direct Credit Society.

Conta Simples grabs another $41.5M for its expense management approach in Brazil

The Brazil-based startup is creating tools for developers of growing e-commerce brands to create high-performance digital experiences.

Deco.cx grabs $2.2M to bring simplicity back to brand website creation

In 2023, Kapital’s customer base grew to 80,000 small businesses in Mexico, Colombia and Peru. It also acquired Banco Autofin Mexico S.A. in September.

Kapital secures $165M in equity, debt to provide financial visibility to LatAm SMBs

Comun offers digital banking services, including instant payments, check deposits and early paychecks and provides customers with access to native Spanish-speaking reps seven days a week. 

Comun channels local banking approach to serve Latino immigrants

The new investment will be deployed into growing Zubale’s three e-commerce productivity offerings, continued product development and strategies to consolidate its presence in Mexico and Brazil.

Zubale bags new capital for software to help retailers scale e-commerce in Latin America

NXTP Fund III represents over a 2x increase from the size of its previous fund, enabling the firm to invest in between 25 and 30 companies this time around.

NXTP closes largest fund with $98M for early-stage B2B founders in Latin America

Co-founders Roberto Arroyo and his brother, Nicolas Arroyo, bootstrapped the company for almost four years and reached profitability while expanding into Chile, Guatemala and Argentina.

Construction marketplace Construex takes in first capital to expand in Latin America

Riverwood Capital has closed on $1.8 billion in new capital, the growth investment firm announced today. The firm last raised in 2020, with total capital commitments of $1.4 billion at…

Riverwood Capital closes $1.8B fund, says opportunity in LatAm ‘has never been greater’

In the past year, Finerio created an API hub for digital payments, credit and personal finance management, as well as a place for financial institutions to comply with new open…

Fintech startup Finerio secures $6.5M to create open finance ecosystem in Latin America

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.

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

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

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

It’s shaping up to be a very busy week, so we’ll be back on Friday, September 22 with a new TC+ Roundup.

TechCrunch+ Roundup: New life for old B2B leads, LatAm VC survey, treasury management basics

Founders want to know what new technology can do, but an investor is much more likely to ask about which specific problems it solves.

TechCrunch+ Roundup: How to buy AI, ‘permissionless’ pilots, new VC disclosure rules

The conversational commerce company developed a customer relationship management tool that provides customizable columns and sales funnel automation for sales made via WhatsApp and other social media.

Leadsales targets LatAm businesses with conversational commerce tool for WhatsApp

Devolut enables merchants a returns option that doesn’t require boxes or labels. It also provides a network of “city points” where consumers can go to return merchandise.

Devolut leverages e-commerce growth in Latin America to develop reverse logistics tool

Wonder Brands has since launched over 15 brands in the past 12 months and over 2,000 SKUs in the categories of home and garden, sports and fitness and beauty and…

Wonder Brands’ pivot to acquiring e-commerce infrastructure pays off

Since its launch two years ago, ConfiAbogado has grown its client base to over 250 new clients each month.

ConfiAbogado wants to put a tech touch on Latin America’s legal system

CB Insights released its Q2 State of Fintech report last week, and unsurprisingly, global funding in the space was down — plunging by nearly half to $7.8 billion, its lowest…

Q2 fintech funding: LatAm, Caribbean more than doubles while payments takes a big hit

InvGate works with enterprise and mid-size companies, offering a SaaS solution to streamline their IT operations.

Bootstrapped since 2009, IT management company InvGate raises $35M

Once an acquisition is in the works, it’s natural for founders to start safeguarding their newfound wealth.

TechCrunch+ roundup: J-1 visa details, how to close a Series B in 2023, moving for tax savings

Clivi is making a balance between humans and technology by connecting patients with doctors and enabling them to access monitoring and treatment plans via their communication channel of choice.

Diabetes management startup Clivi wants to be ‘Livongo of Latin America’

Online merchants upload their product catalog to nocnoc’s platform and can start selling instantly on some of Latin America’s top marketplaces.

Nocnoc opens door to quicker setup of cross-border e-commerce in Latin America

With the new fund, Positive Ventures intends to invest in between 20 and 25 companies at the pre-seed and seed levels.

Positive Ventures’ new impact fund will be triple its flagship fund

Kapital’s platform gives small and medium-sized businesses across Latin America a way to see their finances in one place.

Kapital gets more of its own capital to help LatAm businesses monitor cash flow

Featured Article

EBANX: We will be operating in 11 African countries by the end of the year

For all the talk about emerging markets and their similarities, moves involving African startups expanding to Latin America are rare. Only two significant activities come to mind recently: Migo’s expansion to Brazil and Paga’s planned move to Mexico, their respective second markets outside Africa.  What’s rarer, however, is the reverse — Latin American tech startups…

2:06 am PDT • May 24, 2023
EBANX: We will be operating in 11 African countries by the end of the year

Senzai’s technology measures impact, experimentation and optimization to determine which sales campaigns will appeal to customers.

Senzai taps into AI optimization to guide LatAm companies to the right customers