Posts filtered by tags: Latin America[x]


Flourish, a startup that aims to help banks engage and retain customers, raises $1.5M

It’s not uncommon these days to hear of U.S.-based investors backing Latin American startups. But it’s not every day that we hear of Latin American VCs investing in U.S.-based startups. Berkeley-based fintech Flourish has raised $1.5 million in a funding round led by Brazilian venture capital firm Canary.  Founded by Pedro Moura and Jessica Eting, the startup offers an “engagement and financial wellness” solution for banks, fintechs and credit unions with the goal of helping them engage an...
Tags: Fundings & Exits, Startups, TC, Mexico, Finance, Funding, Americas, US, Tech, Banking, United States, Venture Capital, Brazil, Bank, Financial Services, Berkeley

Social commerce startup Elenas raises $6M and plans for international expansion

Colombian startup Elenas says it’s helping tens of thousands of women make money by selling products online. And today, it announced that it has raised $6 million in Series A funding. That’s on top of the $2 million seed round that Elenas announced last fall. Founder and CEO Zach Oschin said that demand continues to grow, particularly with high unemployment levels (particularly among women), while consumers remain nervous about in-person shopping during the pandemic. “We’ve been able to provide ...
Tags: Fundings & Exits, Startups, Ecommerce, Mexico, China, India, Funding, US, Tech, Peru, Latin America, Elenas, Oschin, Raena, Leo Capital, Zach Oschin

Minu, a Mexico City-based, pay-on-demand startup, lands a $14M Series A

Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. One such company, minu, a Mexico City-based, pay-on-demand startup, announced Wednesday that it has raised $14 million in a Series A round of funding led by FinTech Collective. New investors VEF, XYZ Ventures, and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale also participat...
Tags: New York, Mexico, Tech, Mexico City, Silicon Valley, World Bank, Latin America, State of Mexico, FinTech Collective, Flink, Tom Gonser, Village Global, Mike Dinsdale, Pourshasb, Stori, FinTech Collective New

Stori raises $32.5M in a Lightspeed-led Series B to build Mexico’s credit card for the masses

While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant method of payment with an estimated 86% of all payments being in the form of cash. But card usage is growing as more people are shopping online than ever before. According to one recent study , Mexico topped the list of the world’s fastest growing e-commerce markets. Meanwhile, only 3...
Tags: Mexico, China, US, Tech, Intel, United States, Mexico City, World Bank, Illinois, Lightspeed Venture Partners, Latin America, Mastercard, Capital One, Lightspeed, Liu, Chen

Paramount+ Channel to Cost $9.99 a Month Ad-Free or $4.99 With Ads

Paramount+, the CBS All Access streaming service rebrand that launches March 4, will cost $4.99 per month with ads in the U.S. (less than the $5.99 charged for CBS All Access), or $9.99 without ads and with additional sports, news and live TV content. ViacomCBS executives announced the pricing tiers in a virtual investor event held on Thursday, and also revealed that the service will be available across Latin America and Canada on March 4, with a Nordic launch a few weeks later and an Austra...
Tags: Apple, Apple TV, Canada, Showtime, Cbs, Paramount, Latin America, Nickelodeon, Viacom, Picard, Tom Ryan, Paranormal Activity, Paramount Channel, Apple TV Don, Paramount Channel to Cost, Paramount CBS Comedy Central MTV

Stitch emerges from stealth with $4M for its API fintech play in Africa

Over the years, there has been a growing trend of fintech infrastructure players around the world . In Africa, a handful of startups have launched in the past three years to provide such services. Stitch, a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment. Founded by Kiaan Pillay, Natalie Cuthbert, and Priyen Pillay, Stitch...
Tags: Startups, TC, Asia, Europe, UK, London, Sweden, Funding, Nigeria, Africa, US, San Francisco, Tech, West, South Africa, Kenya

RecargaPay closes a $70 million Series C

RecargaPay, a Brazil-based fintech that allows users to top off their prepaid cell phones online, announced this morning that they’ve closed their $70 million Series C. The company, which operates solely in Brazil, was launched in 2010 by Miami-based serial entrepreneur Rodrigo Teijeiro, who is co-founder and CEO.  Unlike in the U.S. where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 ...
Tags: Startups, Mobile, Tech, CMO, Spain, Brazil, Miami, Madrid, Latin America, Nubank, Cto, EBITDA, Alvaro, Fuel.Ventures, Gustavo Victorica, Rodrigo Teijeiro

Paramount+ will cost $4.99 per month with ads

ViacomCBS executives held a virtual investor event today where they outlined the strategy for Paramount+, the streaming service set to launch on March 4 that’s basically a rebranded, expanded version of CBS All Access. In addition to launching in the United States, executives said the service will be available across Latin America and Canada on March 4, with a Nordic launch a few weeks later and an Australian launch also planned for this year. And they said that Paramount+ will cost $4.99 per mo...
Tags: TC, Hbo, Tech, Star Trek, Canada, United States, Paris, Showtime, Cbs, Warner Bros, Kelsey Grammer, Paramount, Latin America, Picard, Tom Ryan, Jack Ryan

6 Miami-based investors share their views on the region’s startup scene

Miami is quickly becoming a symbol for the tech exodus from Silicon Valley. The area is home to a number of investors, successful tech founders and an eager local government. For this survey, TechCrunch spoke to a number of investors about the area’s potential, opportunities and key players. This is the second survey TechCrunch published on the area and the first can be found here. In this survey, these investors agree on several aspects of Miami. They see a huge opportunity for the region to be...
Tags: Startups, TC, Florida, New York, Boston, Softbank, America, San Francisco, Tech, United States, David Marcus, Venture Capital, Miami, Silicon Valley, South America, Latin America

Star on Disney Plus: International subscribers will get access to a new channel with R-rated movies and shows on February 23

When you buy through our links, we may earn money from our affiliate partners. Learn more. Star will add R-rated content to Disney Plus for international viewers. Disney Star is a new Disney Plus channel that's geared toward older audiences in international markets. Star will launch on February 23 in Canada, Australia, New Zealand, Singapore, and parts of Europe. The price of Disney Plus will increase by about 33% in those countries alongside the launch of Star. Visit the Business sectio...
Tags: Reviews, Hong Kong, Europe, Japan, Entertainment, Abc, Australia, Marvel, Disney, US, Trends, Tech, Star, Fox, Canada, United States

Spotify Expands To 80 New Markets, Targeting 1 Billion Customers

Spotify is introducing its audio service in 80 markets across Asia, Africa and the Caribbean in coming days, expanding the company's potential market by some 1 billion people. From a report: The steps announced Monday will nearly double Spotify's geographic footprint and add regions where streaming music is in its infancy. The company already operates in 93 countries or territories. Spotify is seeking to build on its head start as the leading audio service in the West to become the dominant play...
Tags: Google, Asia, Spotify, Africa, Tech, Netflix, West, Middle East, Latin America, Caribbean, Stockholm, Asia Africa, India Nigeria South Korea

Spotify to expand international footprint across 85 new markets

Over the next few days, Spotify will be launching its service in 85 new markets, and will also roll out 36 new languages on the platform. The news was announced at its online event, “Stream On” today. The expansion includes markets across Africa, Asia, Europe, Latin America and the Caribbean. Combined, these markets include more than a billion people. With these launches, Spotify says “sounds and stories that once remained local will have access to a global audience of fans across nearly 180...
Tags: TC, Asia, Spotify, Africa, Tech, Zimbabwe, Latin America, Caribbean, Nevis St Lucia St Vincent, Alex Norstrom Spotify, Amapiano, Spotify HiFi, Africa Asia Europe Latin America, Angola Antigua, Tobago Tuvalu Uganda Uzbekistan Vanuatu Zambia

Spotify Launching 'HiFi' Lossless Streaming Option Later This Year

Spotify today announced plans to introduce a new "HiFi" premium tier later this year, which will provide higher-quality lossless audio. According to Spotify, the feature will offer CD-quality music that will let fans experience more depth and clarity in their favorite tracks. Streaming music services like Tidal, Deezer, and Amazon Music have offered lossless audio options but to date, Spotify and Apple Music have not provided higher quality streaming options. Spotify is ‌Apple Music‌'s main ...
Tags: Apple, Spotify, Bruce Springsteen, Barack Obama, Latin America, Amazon Music, Hifi, Asia Africa Europe, Tidal Deezer, Spotify Launching HiFi

Supporting small businesses around the world

Small businesses are the backbone of the global economy and at the core of many of Google’s tools, services and products. So when the pandemic hit last year, we announced a $200 million investment fund as part of our $800+ million commitment to support small businesses in the face of COVID-19.We set out to partner with organizations who share our desire to empower small businesses in underserved communities, which are often overlooked by traditional lenders.  In the U.S. we are partnering with O...
Tags: Google, Europe, Small Business, Indonesia, India, Africa, Israel, Eu, Middle East, European Commission, Kiva, Latin America, Dayton Ohio, Inter American Development Bank, EIF, European Fund for Strategic Investments EFSI

Google to Invest $75 Million in Coronavirus-Hit Small Businesses

By Foo Yun CheeBRUSSELS (Reuters) - Google is teaming up with the European Investment Fund (EIF) and two other organisations in Latin America and...
Tags: Google, Latin America, Reuters Google, European Investment Fund EIF, Foo Yun

Valoreo closes on $50M to roll up LatAm e-commerce brands

A new breed of startups is acquiring and growing small but promising third-party merchants, and building out their own economies of scale. And while there are a number of such startups based in the U.S. and Europe, none had emerged in the Latin American market. Until now. Valoreo, a Mexico City-based acquirer of e-commerce businesses, announced Tuesday that it has raised $50 million of equity and debt financing in a seed funding round. The dollar amount is large for a seed round by any ...
Tags: Amazon, Startups, Ecommerce, Europe, Mexico, Funding, Tech, E-commerce, Colombia, Atlantic, United States, Mexico City, Online Marketplace, Latin America, Online Marketplaces, Justo

Trafi takes its mobility-as-a-service platform to LatAm, starting with Bogota

Trafi, the Lithuanian startup that created a platform that lets users plan, book and pay for various modes of transportation within a city, is expanding beyond the European market where it got its start to tackle one of the most congested urban areas in the world. The company said it has reached an agreement to provide its mobility-as-a-service platform in Bogota, Colombia. Trafi’s platform is a white label product. But underneath the name — whether it’s Yuomov in Zurich, Jelbi in Berlin or MVG ...
Tags: Transportation, Asia, Berlin, Tech, Munich, Automotive, Brazil, Latin America, TechCrunch, Bogota, Sao Paulo, Trafi, Bogota Colombia Trafi, Yuomov, Zurich Jelbi, Google Lyft Dott

Examining the ‘pipeline problem’

The tech industry has long grappled with an overwhelming lack of diversity among employees, executives, venture-backed founders, venture capital firms and board members. And despite recent efforts to increase diversity throughout the industry, tech still remains predominantly white and male. Over the years, many have argued that the lack of diversity in tech is caused by a so-called pipeline problem: that there is little diversity in tech because there is not enough qualified talent from diverse...
Tags: Google, Pinterest, Tech, United States, New York Times, Silicon Valley, Latin America, Mansfield, Lee, Brady, Rankin, California State, Whittaker, Meredith Whittaker, GRE, Leyva

Treinta announces $500k+ in funding for its microbusiness financial app

Treinta, a startup that is part of the Winter 2021 Y Combinator cohort, announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses. The capital was raised between a small friends-and-family round, Y Combinator’s investment in Treinta, and another $220,000 that it closed in in early 2021. The company, based in Bogotá, Colombia and currently sporting a team of 13, is working to bring digit...
Tags: Fundings & Exits, Startups, TC, Y Combinator, Tech, Colombia, Brazil, Latin America, Bogota Colombia, Treinta, Lluís Cañadell Treinta, Cañadell

Labster gets millions from a16z to bring virtual science lab software to the world

Andreessen Horowitz, a venture capital firm with $16.5 billion in assets under management, has poured millions into an edtech startup that sells virtual STEM lab simulations to institutions. Copenhagen-based Labster, which sells virtual science laboratory simulations to schools, announced today that it has raised $60 million in a Series C round led by the prominent Silicon Valley firm, including participation from existing investors GGV Capital, Owl Ventures and Balderton Capital. Labster has no...
Tags: Startups, TC, Asia, Education, Africa, Tech, Vr, Virtual Reality, Denmark, Silicon Valley, Andreessen Horowitz, Copenhagen, Edtech, Latin America, Jensen, California Community College

Encrypted data handling startup DataFleets acquired by LiveRamp for over $68M

LiveRamp has acquired DataFleets, a fresh young startup that made it possible to take advantage of large volumes of encrypted data without the risk or fuss of decrypting or transferring it. LiveRamp, an enterprise data connectivity platform itself, paid more than $68M for the company, a huge multiple on DataFleet’s $4.5M seed announced just last fall. DataFleets saw the increasing need for sensitive data like medical or financial records to be analyzed or used to train machine learning models. N...
Tags: Fundings & Exits, Startups, Enterprise, Tech, M&a, Latin America, Exit, Europe Asia, Liveramp, HCA Healthcare, Datafleets, DataFleet

Spotify confirms it’s (finally) testing a live lyrics feature in the U.S.

Spotify this morning confirmed it’s testing a new, synced lyrics feature in the U.S. market, following a report from Engadget. Though the streaming music service today offers live lyrics in a number of markets — 27, in fact, including its recent launch in South Korea — it has not offered lyrics in the U.S. for many years. Instead, Spotify here runs the “Behind the Lyrics” feature provided in partnership with Genius, which offers a combination of lyrics and trivia about the song being played. Rea...
Tags: Mobile, South Korea, Spotify, Music, Media, Mexico, Siri, Tech, Streaming, Lyrics, Musixmatch, Latin America, Alexa, Engadget, Thailand Vietnam Indonesia, Southeast Asia India

Spotify confirms it’s (finally) testing a live lyrics feature in the US

Spotify this morning confirmed it’s testing a new, synced lyrics feature in the U.S. market, following a report from Engadget. Though the streaming music service today offers live lyrics in a number of markets — 27, in fact, including its recent launch in South Korea — it has not offered lyrics in the U.S. for many years. Instead, Spotify here runs the “Behind the Lyrics” feature provided in partnership with Genius, which offers a combination of lyrics and trivia about the song being played. Rea...
Tags: Mobile, South Korea, Spotify, Music, Media, Mexico, US, Siri, Tech, Streaming, Lyrics, Musixmatch, Latin America, Alexa, Engadget, Thailand Vietnam Indonesia

Spain's startups avoided COVID-19 havoc thanks to second-generation entrepreneurs and strong VC interest

A rider of Glovo, Spain's second ever Unicorn, working in Barcelona. Albert Llop/NurPhoto via Getty Images The COVID-19 pandemic struck just as Spain's startup scene was reaching its tipping point. But the country's second unicorn was followed with more investments in new companies. They may seem the most vulnerable but their funding has surged, while older companies' has faltered. Visit the Business section of Insider for more stories. The youngest businesses should have been worst hi...
Tags: Startups, Europe, Ebay, China, Germany, Berlin, Trends, Tech, Investment, Eu, Spain, Barcelona, Shanghai, Alibaba, Miami, Deloitte

Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A

Jüsto, an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. The amount is sizable for a Series A in general, but supersized for a LatAm startup. In fact, according to PitchBook data cited by General Atlantic, the round represents the largest Series A raised in Latin America in the past decade. Existing backers also participated in the round, including Foundation Capital and Mountain Nazca. Ricardo Weder , f...
Tags: Startups, TC, Ecommerce, Mexico, Funding, Tech, Artificial Intelligence, Atlantic, Mexico City, Portugal, General Atlantic, Latin America, Foundation Capital, Cabify, Grocery Store, Justo

Russian Campaign Promotes Homegrown Vaccine and Undercuts Rivals

An anonymous reader quotes a report from The New York Times: Russian news outlets connected to election disinformation campaigns in the United States have set their sights on a new target: convincing Spanish-speaking countries that the Russian coronavirus vaccine works better than its American competitors, according to researchers and State Department officials. The Russian campaign has focused on Latin American nations, including Mexico, which this week signed a deal to acquire millions of dose...
Tags: Facebook, Mexico, Russia, Tech, United States, Argentina, Pfizer, The New York Times, State Department, Latin America, First Draft, Soviet Union, Alliance for Securing Democracy, Bret Schafer, Jaime Longoria

Daily Crunch: Microsoft rethinks corporate intranet

Microsoft tries to improve corporate intranet, Google will offer new smartphone health measurements and 23andMe is going public via SPAC. This is your Daily Crunch for February 4, 2021. The big story: Microsoft rethinks corporate intranet Microsoft launched what it’s calling a new “employee experience platform,” designed to reinvent those corporate intranet sites that large companies use to share content with their employees. What makes this new platform, called Viva, any different? Well, it i...
Tags: Google, Enterprise, Microsoft, Youtube, China, Satya Nadella, Tech, Latin America, Databricks, HubSpot, Accel, SPAC, Flink, LinkedIn Learning, Daily Crunch, Virgin Group SPAC

Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America

Here in the U.S., we take for granted the ability to invest and trade in the stock market. So while we can get in an uproar about the various ways Robinhood may or may not be acting responsibly, it can be easy to forget that not everyone in the world has the same access to potentially making — or losing — money via trading as we do. For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population have the...
Tags: Google, Facebook, Mexico, France, Tech, Mexico City, Silicon Valley, Latin America, Andrew Braccia, Accel, Braccia, Monzo, Flink, Braintree Venmo, Oskar Hjertonsson, Kevin Efrusy

Brazil’s Monkey nabs $6M Series A for financial marketplace

Monkey , a financial marketplace for receivables in Latin America, has raised $6 million in Series A funding. Quona Capital and Kinea Ventures co-led the round. The São Paulo-based startup was founded in 2016 by a trio that includes former Citi investment banker Gustavo Müller, Bruno Oliveira (who worked in strategic planning for Telefonica) and Felipe Adorno, an ex-senior developer for Netshoes and Infracommerce. Monkey has developed what it describes as Supply Chain Finance (SCF) pro...
Tags: US, Tech, Monkey, Brazil, Telefonica, Petrobras, Latin America, Sao Paulo, Fiat Chrysler, Citi, Müller, Whittle, Netshoes, Quona Capital, Supply Chain Finance, Itaú Unibanco

Miami won’t be the next Silicon Valley because we don’t need another one

Laura González-Estéfani Contributor Share on Twitter Laura González-Estéfani is the founder and CEO of TheVentureCity, an international, operator-led venture acceleration model designed to make the global entrepreneurial ecosystem more diverse, international and accessible to fair capital. The rush of founders and investors from the West Coast to states like Texas and Florida are the precursor for something bigger, a movement ...
Tags: Column, Asia, Europe, Florida, Texas, Opinion, Entrepreneurship, Berlin, Softbank, Global, America, Tech, Diversity, Spain, Austin, United States

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