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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
- Tags
- vaccines
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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
- Tags
- financial inclusion, scale
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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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With Investors Expecting a Latin America Cryptocurrency Boom, Mexico’s Bitso Raises $62 Million
Six years after the launch of the Mexico-based cryptocurrency exchange and financial services platform Bitso, the company revealed it has closed on $62 million in financing to capitalize on the cryptocurrency boom investors expect to hit Latin America.
- Categories
- Finance
- Region
- Latin America
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Press Release: Henry Closes Us $1.5 Million Seed Round Led by Accion Venture Lab to Provide Technical Education to Students in Latin America
Henry’s model leverages remote learning and innovative financing structure (ISA) to provide technology courses for no upfront costs
- Categories
- Education
- Region
- Latin America
- Tags
- impact investing, startups