peru

Tiger Global backs Favo, which is building an easier way for Latin Americans to order groceries online

Favo enables under-employed entrepreneurs to create new income streams through steady sales commissions from their own local grocery network.

Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

There has been significant hype around Latin America’s startup success. For good reason, too: Startups have raised $9.3 billion in just the first half of 2021, almost double the amount in all of 202

Powered by local stores, JOKR joins the 15-min grocery race with a $170M Series A

“We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products.” It’s quite one thing to claim you are

Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual

Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset management

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

Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services

Belvo, a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. A mix of Silicon Valley and Latin American-based

Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

The COVID-19 pandemic has led to people everywhere shopping more online, and Latin America is no exception. São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and

Loon sets stratospheric sustained flight record with 312-day balloon trip

Alphabet’s Loon, the company focused on creating new networking capabilities using stratosphere-based infrastructure, has set a new world record for a continuous stratospheric flight. One of Loo

Jüsto adds another $5 million in funding to build its online, delivery-only grocery store for Latin America

As it begins expanding beyond its home base in Mexico City, the on-demand, online-only grocery store Jüsto has added another $5 million in early-stage funding. The new money came from Bimbo Ventures,

Miami-based Marco Financial is launching a revenue-based lending service for Latin American SMEs

Marco Financial, a new Miami-based startup, is looking to take a piece of the roughly $350 billion trade finance market for Latin American exporters with its novel factoring services business.  Small

Lana has launched in Latin America to be the one-stop shop for gig workers’ financial needs

Lana, a new startup based in Madrid, is looking to be the next big thing in Latin American fintech. Founded by serial entrepreneur Pablo Muniz, whose last business was backed by one of Spain’s l

Instagram Lite shuts down in advance of a relaunch

Instagram Lite, the two-year-old version of the Instagram app aimed at emerging markets, has quietly disappeared. The previously highly ranked app vanished from the Google Play charts on April 13 in t

Latin America Roundup: Grupo ZAP, Grow Mobility, Wavy get acquired; Credijusto adds $100M; Cornershop, iFood brace for delivery boom

As the world locks down borders and capital flows to brace for the impact of coronavirus, Brazilian startups continue to attract international attention.

FairShake automates the individual arbitration process

Years ago, Teel Lidow arrived at the airport to take a standard, eight-hour flight from Santiago, Chile to New York City. The journey ended up taking three days, involved an emergency landing, and pas

Investors in LatAm get bitten by the hotel investment bug as Ayenda raises $8.7 million

Some of Latin America’s leading venture capital investors are now backing hotel chains. In fact, Ayenda, the largest hotel chain in Colombia, has raised $8.7 million in a new round of funding, a

Peru’s startup scene is ready for more

A surge in funding for Latin American startups is having an effect on companies in the region’s smaller markets.

Pachama launches to support global reforestation through carbon markets

The world’s forests are ablaze, under threat from illegal logging and disappearing due to the less dramatic environmental degradation wrought by drought and other signs of climate change. It&#82

Alphabet’s Loon signs deal with Telefonica to provide internet to remote parts of the Amazon

Alphabet-owned Loon, the high-altitude balloon company that is using its stratospheric technology to provide internet connectivity on Earth, has signed a new commercial agreement with Telefonica-owned

The emergence of super apps in Latin America

Because of its vast population distributed in more or less similar countries regarding language, culture and religion, Latin America is an especially compelling region for the emergence of super apps.

The portrait of an avatar as a young artist

In this episode of Flux I talk with LaTurbo Avedon, an online avatar who has been active as an artist and curator since 2008.
Load More