bySara Delgado October 4, 2024 No comments 1 minute read Mercado Pago, the financial services arm of Mercado Libre, launched a digital wallet in Colombia. “By launching a digital wallet, we reaffirm our commitment to leading Colombia’s digital payment transformation, offering tools for fast, reliable, and secure financial management,” said Iván Moncada, Head of Digital […]
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byAraceli Dominguez October 1, 2024 No comments 1 minute read This week’s Espresso covers news from Versi, Scala Data Centers, and more! Outline of this episode: [00:27] – AgriCapital secures debt financing from Grupo AlphaMundi [00:39] – ROCK secures $54M to expand its Customer-Centric Solutions [00:50] – Veikul acquires Dropin to expand in Mexico [01:04]
ROCK secures $54M, Ep 183 Leer más »
byMatheus Tomé September 25, 2024 No comments 1 minute read Colombia fintech AgriCapital raised an undisclosed debt amount from Grupo AlphaMundi’s investment fund SocialAlpha-Bastion (SAIF). AgriCapital will use the funds to extend additional loans to local farmers. “By leveraging these funds to issue new loans, we are not only supporting individual farmers but also contributing
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bySara Delgado September 17, 2024 No comments 1 minute read Colombian proptech and fintech Koggi raised $3M from Second Century Ventures, backed by the National Association of Realtors (NAR), marking NAR’s first investment in a Latin American startup. Koggi will use the funds to accelerate its expansion in Panama and growth in other Central American
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byFelipe Osorno-Giraldo September 17, 2024 No comments 1 minute read Colombian fintech Finkargo raised $20M in equity and $75M in debt in a Series A extension round led by QED Investors and CIM. Quona, Flybridge, Nazca, Maya, and OneVC also participated in the round. Finkargo will use the funds to enhance complementary service offerings, like
Finkargo raises a $95M Series A extension round Leer más »
byMilena Garbarino September 12, 2024 No comments 1 minute read Colombian fintech Cobre secured $ 35M in Series B funding. The round was led by Oak HC/FT, with additional investment from Kaszek, QED, and Canary. Cobre will use the funds to invest in commercial efforts and further develop its products. Cobre specializes in managing interoperable
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byMilena Garbarino September 10, 2024 No comments 1 minute read Rappi, the Colombian delivery platform, acquired Indian AI company Fountain9 to strengthen its logistics capabilities. The financial details were not disclosed but the acquisition includes Fountain9’s intellectual property and part of its team, including co-founders Niki Khokale and Rajas Lonkar, who will join Rappi’s Turbo
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byAraceli Dominguez September 10, 2024 No comments 1 minute read This week’s Espresso covers news from Mercately, Vetwork, Puntored, and more! Outline of this episode: [00:27] – Comun secures $21.5M in Series A funding [00:41] – Bia Energy secures $10M credit line [00:56] – Mercately raises $2.6M pre-seed round [01:18] – Puntored raises $2M from
byMilena Garbarino September 3, 2024 No comments 1 minute read Bia Energy, a Colombian startup specializing in B2B digital energy solutions, secured up to $10M in a credit line from BBVA Spark.Bia Energy will use the money to strengthen its technology infrastructure and support its expansion plans. “Bia is competing in a large market where
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bySara Delgado September 3, 2024 No comments 1 minute read Puntored, a Colombian fintech that provides financial services like payments, credits, remittances, and prepaid services to low- and middle-income populations in Latam, raised $2M from the Stellar Development Foundation (SDF) through the Stellar Enterprise Fund, SDF’s venture fund. Puntored will use the funds to expand
Puntored raises $2M from Stellar Development Foundation Leer más »
byMatheus Tomé September 2, 2024 No comments 1 minute read Mexican fintech unicorn Stori launched in Colombia, its first expansion outside of Mexico. The fintech plans to invest over $100M in Colombia over the next 3 years. Earlier in August 2024, Stori raised a $212M round. Stori’s first product in Colombia is the Tarjeta S,
Stori expands to Colombia Leer más »
byMatheus Tomé August 15, 2024 No comments 1 minute read Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene. South America took the spotlight in the first half of August, with activity in Colombia, Argentina, Brazil, and Chile. Here are the partnerships, expansions, and fundings we saw in the last
