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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bySara Delgado September 23, 2024 No comments 1 minute read Argentine e-commerce platform Mercado Libre secured a three-year $250M credit line from JPMorgan. The transaction includes JPMorgan’s acquisition of personal and business loans from Mercado Libre’s credit portfolio. Mercado Libre will use the funds to expand credit offerings for SMEs and personal loans in Mexico
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byMilena Garbarino September 17, 2024 No comments 1 minute read Argentine fintech unicorn Ualá launched a secured credit card designed for individuals without credit history or those looking to rebuild it. The card requires a security deposit from the customer, which yields up to 5% interest in their Ualá account. Ualá is expanding its product
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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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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,
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byMatheus Tomé August 28, 2024 No comments 1 minute read Mercado Pago, the financial services arm of Mercado Libre, partnered with crypto startup Ripio and launched Meli Dólar in Brazil. The stablecoin is tied to the value of the US Dollar, offering protection against local currency fluctuations, and can be bought directly on the Mercado
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byMatheus Tomé August 8, 2024 No comments 1 minute read Mexican fintech unicorn Stori raised $212M between debt and equity. Notable Capital and BAI led the $105M equity portion, with participation from ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed, and Tresalia. Goldman Sachs and Davidson Kempner Capital Management led the $107M debt side. Stori
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bySara Delgado August 5, 2024 No comments 1 minute read Ecuadorian payments unicorn Kushki launched a point of sale system in Chile, marking its entry into the in-person payment solutions market. With the launch of in-person payment services in partnership with two local clients in Chile, Kushki aims to double its current growth rate in
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byMatheus Tomé July 5, 2024 No comments 1 minute read Argentinian digital advertising unicorn Aleph acquired its main competitor, Entravision Global Partners, a division of Entravision Communications Corporation. The deal is part of Aleph’s plan to expand into additional regions such as Southeast Asia. With the acquisition, Aleph now operates in over 140 countries. “The
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byHellen Villena June 19, 2024 No comments 1 minute read Payment platform Clip raised a $100M round from Morgan Stanley Tactical Value and an unnamed West Coast investor, at a valuation “in line” with its $250M Series D in 2021. The funding comes after a $50M round in September 2022. Clip will use the funds
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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
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byHellen Villena May 31, 2024 No comments 2 minute read Nubank and Rappi were the only two Latin American companies named in TIME100’s Most Influential Companies of 2024. Rappi, founded in 2015, made its first appearance on the TIME100 list. The super app was named in the leaders section beside category-defining companies like Pinterest and
Nubank and Rappi featured in TIME’s 100 Most Influential Companies of 2024 Leer más »
