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Minu, a Mexico City-Based, Pay-on-Demand Startup, Lands a $14 Million Series A
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class.
- Categories
- Entrepreneurship, Finance, Technology
- Region
- Latin America
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Ag and Foodtech Startup Demetria Emerges From Stealth to Spearhead the Transformation of the Coffee Industry
Demetria, the first AI-powered taste and quality intelligence SaaS startup for the coffee supply chain, announced today it has emerged from stealth after closing a $3 million seed funding round led by LatAm-Israeli investor Celeritas and a group of private investors including Mercantil Colpatria, the investment branch of Grupo Colpatria, a leading player in the Colombian financial sector.
- Categories
- Agriculture, Technology
- Region
- Latin America
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Analysis: In Vaccine Race, Middle Income Nations Are At A Disadvantage. Just Ask Peru.
Peru is classified by the World Bank as "upper middle-income." So it has some money to spend on vaccines but not nearly the financial resources of the U.S., the European Union or even wealthier neighbors like Brazil or Chile.
- Categories
- Coronavirus, Health Care
- Region
- Latin America
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Brazilian Fintech RecargaPay Raises $70 Million Series C Round
Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts.
- Categories
- Finance
- Region
- Latin America
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Stori Raises $32.5 Million in a Lightspeed-led Series B to Build Mexico’s Credit Card for the Masses
While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant method of payment, with an estimated 86% of all payments being in the form of cash.
- Categories
- Finance, Technology
- Region
- Latin America
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Brazilian Fintech RecargaPay Raises $70 Million Series C Round
The Series C round, co-led by IDC Ventures and Fuel Venture Capital, included the participation of ATW, LUN Partners, and Experian.
- Categories
- Finance
- Region
- Latin America
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MercadoLibre to Expand Electric Fleet After $1.1 Billion Bond Sale
Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles.
- Categories
- Technology
- Region
- Latin America
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How Mexico’s Central Bank Plans to Move Payments to Digital
In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike.
- Categories
- Technology
- Region
- Latin America
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