byFelipe Osorno-Giraldo September 17, 2024 No comments 1 minute read Brazilian neobank Yolo Bank raised a $500K pre-seed round led by Marathon Ventures. Yolo Bank will use the funds to enhance its AI technology and to hire new talent. “We are hiring new talent, mainly to help with onboarding universities. Our focus is to grow […]
Yolo Bank raises a $500K pre-seed round Leer más »
byMilena Garbarino September 3, 2024 No comments 1 minute read Comun, a Latino-founded digital bank for immigrants in the U.S., raised a $21.5M Series A led by Redpoint Ventures. ANIMO Ventures, Costanoa Ventures, FJ Labs, RTP Global, and South Park Commons also participated in the round. The Series A comes 18 months after the seed
Comun secures $21.5M in Series A funding 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
byAraceli Dominguez July 23, 2024 No comments 1 minute read This week’s Espresso covers news from Caliza, Vammo, Nomad, and more! Outline of this episode: [00:27] – Caliza raises $8.5M pre-Series A round [00:43] – Vammo raises $5.4M in debt and equity [00:58] – Nomad acquires Melhor Câmbio for $550K [01:09] – Chazki merges with
Interview with Chazki on its merger with Lok. OCN raises $86M, Ep 176 Leer más »
byMilena Garbarino July 17, 2024 No comments 1 minute read Brazilian neobank Nomad acquired Melhor Câmbio, a virtual marketplace for currency exchange for tourists, for approximately $550K. Founded in 2020, Nomad focuses on foreign currency accounts for individuals. In 2023, after securing a $61M investment round led by Tiger Global, Nomad’s valuation reached approximately $315M.
Nomad acquires Melhor Câmbio for $550K Leer más »
This week’s Espresso covers news from Retorna, ProNuvo, CRMBonus, and more! Outline of this episode: [00:27] – Retorna raises $1.2M [00:36] – ProNuvo raises $2M from the IFC [00:51] – CRMBonus raises $10M in a Series B extension round [01:02] – Nubank acquires Hyperplane [01:15] – OmniK raises $1.2M from ABSeed Ventures [01:26] – Latamlist
CRMBonus raises $10M in a Series B extension round, Ep 173 Leer más »
bySara Delgado July 1, 2024 No comments 1 minute read Brazilian neobank Nubank acquired the AI-for-banks platform Hyperplane, seven months after its $6M seed funding round. The acquisition will enable Nubank to enhance its AI capabilities, generate valuable insights, support decision-making, and improve the user experience for its customers. “Our early AI investments, combined with
Nubank acquires Hyperplane Leer más »
byHellen Villena June 5, 2024 No comments 1 minute read Brazilian neobank Nubank (NYSE: NU) launched a cryptocurrency transfer functionality in its app, allowing customers to send and receive Bitcoin, Ethereum, and Solana directly from their wallets. Nubank worked with blockchain data platform Chainalysis to stabilize currency pricing for its users, and to set a
Nubank launches direct cryptocurrency transfers Leer más »
byHellen Villena May 15, 2024 No comments 1 minute read Digital bank NG.CASH raised a $12.5M Series A round led by monashees. Andreessen Horowitz, 17Sigma, Tekton Ventures, and Generalist Capital also participated. This funding follows their $10M Seed round in August 2022. NG.CASH will use the investment to expand its team, enhance its product portfolio,
Brazilian Gen Z neobank NG.CASH lands a $12.5M Series A Leer más »
This week’s Espresso covers news from Nubank, Biologix, and more! Outline of this episode: [00:28] – Biologix lands a $1.2M round [00:43] – Nubank surpasses 100 million clients [00:58] – Jeeves lands $75M credit line to grow its Latin America operations [01:11] – Grupo Bloxs receives investment from BS2 Resources & people mentioned: Startups: Biologix,
Jeeves lands $75M credit line to grow its Latin America operations, Ep 168 Leer más »
byHellen Villena May 14, 2024 No comments 1 minute read Brazilian fintech Grupo Bloxs raised an undisclosed amount from neobank BS2. The funding comes 4 years after Bloxs’s $683k Seed round led by Bossa Invest, and it was structured as a secondary transaction to prepare Bloxs’s cap table for a Series A later in 2024.
Brazilian fintech Grupo Bloxs receives investment from BS2 Leer más »
bySara Delgado May 9, 2024 No comments 1 minute read Brazilian digital bank Nubank announced that it has surpassed 100 million clients in Brazil, Mexico and Colombia, becoming the first non-Asian digital banking platform to achieve this milestone. “In 2013, we set the goal of reaching one million clients in five years, which seemed nearly
Nubank surpasses 100 million clients Leer más »
