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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…
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…
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…
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…
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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?
The company offers technology in the form of APIs and widgets that businesses can use to create investment products for their customers.
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.
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’re…
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…
Justo enables customers in Latin America to buy groceries directly from its website or app and get them delivered to their location of choice.
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…
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…
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 the…
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 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…
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.
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…
“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…
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…
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,…
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…
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…
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 Loon’s ultra high-altitude balloons…
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…
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. …