peru

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.

Netflix lays off 300 more people — almost 3% of its staff

Video streaming company Netflix said it has laid off 300 people — which represents 3% of its workforce — because of slowing growth and the economic downturn. This is the firm’s second layoff

SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded

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. 

Yummy’s super-sized round helps grow its delivery, ride-sharing super app in LatAm

Yummy is working with over 8,000 merchants, processing 800,000 monthly transactions across its markets and growing over 40% quarter over quarter.

Netflix’s password-sharing test in Peru is confusing subscribers, report suggests

It’s been a bumpy ride for Netflix recently, and the announcement that it will be charging for password sharing hasn’t gone as smoothly as it might have hoped, a new report claims. Subscribers in

Fears grow for smaller nations after ransomware attack on Costa Rica escalates

The Russia-linked ransomware gang demanded $20 million in ransom — and the overthrow of Costa Rica's elected government. Where does that leave smaller, equally vulnerable nation states?

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.

DeltaX wants to digitize the Andean region’s trucking sector

Transportation startup DeltaX is accelerating its plans to digitize the trucking industry in its native Bolivia and beyond thanks to a recent $1 million seed funding round.

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.

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.

Netflix says it will eventually charge more if you share your account

In light of Netflix’s concerning subscriber losses, the company announced today during its first-quarter earnings call that it will expand its test that charges members a higher price if they&#8

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 helpe

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.

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.

99minutos clocks in fresh capital for logistics infrastructure in Latin America

99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT,

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

App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″ report, out today, which offers a comprehensive look at

Skydropx taps new funding to expand logistics automation across Latin America

The company is now profitable and grew over 300% in revenue last year. It now serves over 50,000 customers and makes more than 1.5 million deliveries a month.

Yummy bags $18M as its expands delivery app across Latin America

Yummy plans to have 50 active dark stores in both Peru and Chile by the end of 2022, touting that it will be able to deliver over 2,000 products in less than 15 minutes.
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