Magma Partners

Neobank Vexi raises millions to offer young Mexicans lower interest rate credit cards

Getting a credit card is something most Americans take for granted. In countries such as Mexico, it’s a much more difficult and less common endeavor. In fact, less than 20% of the population has acc

Zenfi takes in new funding to bring Mexicans some financial peace

Luis Rubén Chávez, founder and CEO of Zenfi: "If Credit Karma, SoFi, Marcus and Copilot Money had a kid, it would be us.”

Bank engagement startup Flourish Fi leans into concept of ‘banks aren’t going anywhere’

Flourish Fi licenses technology so that banks can have better engagement and loyalty while customers increase their financial knowledge.

Strike Security lands $5.4M seed funding to make pen testing more accessible

Strike Security, a continuous penetration testing platform that combines automation with ethical hackers, has secured a $5.4 million seed investment to make bug hunting more accessible to small busine

International startups shrug off US insurtech meltdown

The latest Y Combinator cohort featured a number of insurance-focused technology companies, and some of them want to actually write policies.

Peruvian startup Leasy secures $17M in debt, equity to provide auto loans to LatAm ride-hailing drivers

Leasy, a startup that offers automobile financing to ride-hailing drivers in Latin America via a subscription model, has secured $2 million in equity and $15 million in debt. Italian-born Gregorio Gil

Has Y Combinator’s new deal changed the early-stage investing game?

Has Y Combinator truly changed the early-stage startup investing game, perhaps in its own favor? Or did it merely provide more time to its portfolio companies to reach their next stage of maturity?

Kushki, an Ecuador-based fintech, raises $86M to build financial infrastructure in LatAm

Just about every week there’s a blockbuster round coming out of South America, but in certain countries such as Ecuador, things have been more hush-hush. However, Kushki, a Quito-based fintech, is b

Brazil’s Divibank raises millions to become the Clearbanc of LatAm

Divibank, a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 million round of seed funding led by San Francisco-based Better Tomorrow Ventures (BTV). São Pa

Base Operations raises $2.2 million to modernize physical enterprise security

Typically when we talk about tech and security, the mind naturally jumps to cybersecurity. But equally important, especially for global companies with large, multinational organizations, is physical s

Adding Claire Díaz-Ortiz to its partnership, Magma Partners launches initiative to invest in female founders in LatAm

Claire Díaz-Ortiz has been many things over the course of her career — an angel investor, an early Twitter employee (who notably got the Pope on Twitter), the founder of a nonprofit, a publishe

Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank

Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More post

Magma Partners scores $50M to build the a16z of Latin America

Magma Partners has more than doubled the size of its investable capital with the close of its latest $50 million fund. The Santiago, Chile-based venture firm founded in 2013 had secured $21 million th