byJuliane Butty March 8, 2024 No comments 1 minute read Trampay, a fintech for gig workers, secured a $250K pre-seed round from Potencia Ventures. The fintech was also part of the Potencia UP fellowship program. Trampay will use the funds to grow its user base, invest in technology, and introduce physical payment methods, such as […]
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byLiliana Sánchez March 6, 2024 No comments 1 minute read Colombian fintech Yuno raised a $25M Series A round, reaching a $150M valuation. The investment was led by DST Global Partners with the participation of Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees. The capital will be used to strengthen Yuno’s presence in key markets
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Ziff, a Mexican fintech specializing in B2B financial services in Latin America, acquired digital lending company Arrenda. Ziff provides revenue-based financing tailored to businesses with recurring revenues, especially for those without a credit history. Ziff’s model provides liquidity by funding up to 36 months of receivables. Arrenda’s product, Adelanta, employs proprietary risk algorithms that allow
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byHellen Villena March 1, 2024 No comments 1 minute read Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene. The second half of February brought news of two well-funded startups winding down operations across different markets. Here are the product launches, partnerships, and expansions we saw in the last two
bySara Delgado February 28, 2024 No comments 1 minute read Mexican microloan platform Baubap raised $120M in debt financing in a round led by Six Point Capital Management. The capital will be used to offer credit lines to more clients. Baubap provides microcredits to individuals who lack access to traditional banking financing. Through alternative data
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byMaría Camila David February 28, 2024 No comments 1 minute read YoFio, a Mexican fintech specializing in financial and credit services for small businesses, secured $10M in a mix of debt and equity led by Oikocredit. 500 Global, Innogen Capital and Cauris Finance also participated in the round. With the new funding, YoFio plans to
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bySara Delgado February 27, 2024 No comments 1 minute read Banco Master acquired a majority stake in Brazilian neobank Will Bank. Through this acquisition, Banco Master will expand its retail customer base by incorporating Will Bank’s product offerings, such as credit cards and insurance. “Now we will have a complete digital ecosystem, with robust technology
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byAraceli Dominguez February 27, 2024 No comments 1 minute read In this week’s Espresso, we cover news from Global66, Housi, BemAgro, and more! Outline of this episode: [00:28] – Global66 unveils multi-currency feature for its prepaid cards [00:41] – BemAgro raises $2M pre-Series A round [00:55] – Simetrik secures $55M in Series B [01:13] –
Simetrik raises $55M in Series B, Ep 160 Leer más »
byHellen Villena February 22, 2024 No comments 1 minute read Colombian payment infrastructure startup Simetrik raised a $55M Series B led by Goldman Sachs Asset Management. FinTech Collective, Moore Strategic Ventures, Cometa, and Mercado Libre Fund also participated in the round. The funding comes 21 months after Simetrik’s $24M Series A in April 2022, totaling
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byFelipe Osorno-Giraldo February 20, 2024 No comments 1 minute read Chilean fintech Global66 introduced a multi-currency feature on its prepaid cards that enables users to make foreign payments in up to eight different currencies directly from their accounts. “Our card now supports purchases and ATM withdrawals that discount directly from the balance held in each
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byLiliana Sánchez February 16, 2024 No comments 1 minute read Colombian payments startup Bold raised a $50M Series C led by General Atlantic. InQLab, Amador Holdings, and the International Finance Corporation (IFC) also participated in the round. Bold will use the capital for product development and to continue its expansion in Colombia. Bold provides low-cost
Colombian fintech Bold raises $50M Series C Leer más »
byJort Van Der Horst February 14, 2024 No comments 1 minute read Colombian fintech Plataform raised $3M in a funding round led by Skandia and Progresión Sociedad Comisionista de Bolsa. With the funds, Plataforma plans to expand its services for local businesses by introducing new offerings like bank factoring, private factoring, confirming, and crowd factoring.
Colombian fintech Plataform raises $3M in first investment round Leer más »
