uruguay

Spotify has reversed course on a decision to exit the Uruguayan market, after gaining assurances from the government that copyright law changes it’s introducing won’t result in Spotify incurring extra…

Spotify u-turns on Uruguay exit after government gives assurances on artist payments

Uruguayan fintech company dLocal saw its stock surge by over 30% on Wednesday on the news that the payments outfit had tapped former Mercado Libre CFO Pedro Arnt as its…

Armed with new execs, dLocal rebounds from a short seller attack in a big way

Apple’s highly anticipated mixed reality headset may now have a name, according to a Bloomberg report earlier this week. The outlet spotted trademarks in the U.S. and global markets related…

Apple may have given us a hint at its AR/VR headset’s name

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…

Tiger Global, YC back Rebill’s subscription payment platform for Latin America

The company delivers a package every 20 seconds and services customers of all sizes, from AB inBev and Red Bull to small Shopify merchants.

clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in 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…

Founded by ex-dLocal and AstroPay execs, Datanomik is bringing open banking to LatAm

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…

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

Nowports, an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses…

Nowports raises $16M to build the OS for LatAm’s shipping industry

Google today announced its plans to build a new subsea cable that will connect the East Coast of the U.S. and Las Toninas, Argentina — with additional landings in Brazil…

Google announces the Firmina subsea cable between the US and Argentina

Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region, São Paulo-based Kaszek has been putting money into…

The LatAm funding boom continues as Kaszek raises $1B across a duo of funds

Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 billion valuation. This means that the…

Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise

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. …

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

Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from…

Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app

Uber Eats is pulling out of a clutch of markets — shuttering its on-demand food offering in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. It’s also…

Uber Eats exits seven markets, transfers one as part of competitive retooling

The new year isn’t even a month old and the food delivery crunch is already taking big bites. Spain’s Glovo has today announced it’s exiting four markets — which it…

Glovo exits the Middle East and drops two LatAm markets in latest food delivery crunch

Earth observation New Space company Satellogic is expanding its orbital fleet with two new satellites set to launch on January 15 on board a Chinese Long March 2D rocket. The…

Satellogic will launch two new Earth observation satellites as it expands operations

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 emergence of super apps in Latin America

Nowports, a developer of software and services to track freight shipments from ports to destinations across Latin America, has aims to become the regional answer to Flexport’s billion-dollar digital shipping…

Nowports raises $5.3 million to become Latin America’s digital shipping answer to Flexport

Madrid-based micromobility startup Movo has closed a €20 million (~$22.5M) Series A funding round to accelerate international expansion. The 2017-founded Spanish startup targets cities in its home market and in…

Movo grabs $22.5M to get more cities in LatAm scooting

In an update to the chromium engine, which underpins Google’s popular Chrome browser, the search giant has quietly updated the lists of default search engines it offers per market —…

Google has quietly added DuckDuckGo as a search engine option for Chrome users in ~60 markets

New technology companies are poised to transform the shipping and freight industry across Latin America. Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freight shipping…

Investors are pouring money into Latin America’s logistics and shipping businesses

Why Silicon Valley needs more visas

When I hear protesters shout, “Immigrants are welcome here!” at the immigration office near my startup, I think about how simple a phrase that is for a topic that is…

Why Silicon Valley needs more visas

We’ve been paying a lot of attention to the OLPC project, and the resultant XO laptop. That’s because the project is ambitious as it is important, putting laptops into the…

AP image I won’t even bother explaining what the $100 laptop (which is really a $183 laptop) is since we write about it seemingly every day. I will, however, casually…