Mexico
Arrenda emerges with Adelanta, a financing offering for landlords in Latin America
Arrenda’s proprietary technology enables landlords in Mexico to advance up to a year of future lease receivables in 24 hours or less.
Mexican fintech startup Stori reaches unicorn status with $50M equity raise
While credit cards are ubiquitous in the U.S., they are far less so across Latin America, where people — especially lower-income members of the population — have historically relied on…
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.
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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.
Finger on your pulse: API-first startup Vivanta hopes to be Plaid for health
Mexico-based startup Vivanta lives at the intersection of healthcare and APIs. Its focus is health data, with an eye on the fact that wearables are becoming ubiquitous.
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.
Klar, believed to be Mexico’s largest digital bank, lands $70M in General Atlantic-led round
Mexico City-based digital bank Klar has raised $70 million in equity funding at a valuation of $500 million, the startup announced today. The raise follows a period of hypergrowth for…
Foxconn confirms ransomware attack disrupted operations at Mexico factory
Smartphone manufacturing giant Foxconn has confirmed that a ransomware attack in late May disrupted operations at one of its Mexico-based production plants. “It is confirmed that one of our factories…
For remittances, crypto is still a problem looking for a solution
Are remittance payments really ripe for crypto disruption? And can DeFi help what a16z’s state of crypto report calls the “huge part of the world [ … ] underserved by…
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…
Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation
Nowports, an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 billion. For the unacquainted,…
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.
South Africa’s edtech FoondaMate eyes speedy takeoff after $2M funding
South African edtech startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, the U.K.-based venture capital firm, to drive uptake of its WhatsApp and Facebook-based…
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.
RaliCap gets backing from global VCs and launches $30M fintech fund for emerging markets
RaliCap, an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close…
The B2B payments company is doubling down in both Chile and Mexico, while also eyeing new countries for expansion.
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.
Here’s how JOKR became gross-profit positive amid a cutthroat grocery delivery industry
Founder and CEO Ralf Wenzel, discussed, according to him, why his company’s grocery delivery model is doing better than most.
Tofino Capital reaches first close of $10M fund to back startups in frontier markets
Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million…
Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs
Now flush with new capital, the company plans to launch some embedded financial products for the independent workers using its marketplace.
Fintech NovoPayment raises first venture round in 15 years to expand its full-stack banking API platform
The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit and Bond have helped fuel the…
Slope brings on new CFO, customers, capital as it rises to offer businesses buy now, pay later
Its API technology can approve businesses for the BNPL in seconds so they can begin offering the installments.
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Latin America’s decline in VC investment isn’t necessarily bad news
Latin America is an interesting place to dive into what might be coming for startups. Why? Because dollar funding has now fallen for three consecutive quarters in the region.
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Chipping away at the problems of reproductive healthcare, one patient at a time
One in eight couples, single parents by choice and much of the LGBTQ+ population in the United States seek out fertility services.
Didi Chixung, the Chinese ride-hailing giant, has today shut down its operations in South Africa (SA), a year after it launched in the country, marking its entry into the continent.…
Jüsto grabs new capital as it expands grocery delivery in Brazil, Peru
Justo enables customers in Latin America to buy groceries directly from its website or app and get them delivered to their location of choice.
All eyes are on Swvl as it starts trading on a SPAC combination
Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public…
Founded by ex-dLocal and AstroPay execs, Datanomik is bringing open banking to LatAm
Cross-border payments platform dLocal is one of the most notable Latin American startups in recent history — the company became Uruguay’s first unicorn in 2020 and went public on the…
Daily Crunch: Child-friendly Amazon Glow video chat projector now available across the US
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Migrante steps on the gas of vehicle leasing for gig workers in Latin America
The company develops secured loans for motorcycles, cars and trucks so borrowers can improve their income.
