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Report: 52 Million People in Latin America Protected by Microinsurance
More than 8.2% of the population in Latin America and the Caribbean had at least one microinsurance policy as of December 2016, with 52.1 million people insured corresponding to USD 420 million in Gross Written Premiums.
- Categories
- Uncategorized
- Region
- Latin America
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Brazil: The New Home of Do-Gooder Business
Thanks to its success in connecting companies with the producers of fairly sourced raw materials from the country’s far reaches, Rio-based MateriaBrasil has become an anchor of Brazil’s growing B Corporation movement — one of the world’s largest outside the U.S. — which pledges to put society and the planet ahead of strictly making money. Brazil has 103 certified B Corps, more than 10 times the number since certification became possible in the country in 2013.
- Categories
- Uncategorized
- Region
- Latin America
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SkyAlert: Millions of Mexicans turn to earthquake early warning app after deadly quakes kill 460
Since two massive earthquakes hit Mexico in September and claimed more than 460 lives, an early warning start-up called SkyAlert has doubled its users to 5.8 million, making it one of the country’s most downloaded apps.
- Categories
- Technology
- Region
- Latin America
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Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million
That GuiaBolso has emerged as a bright spot in the otherwise grim horizon of Brazil’s economic outlook speaks to a broader divergence between the country’s digital economy, which continues to grow, and its offline industries, which have been stumbling since 2015.
- Categories
- Finance
- Region
- Latin America
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Invasive ‘Devil Fish’ Plague Mexico’s Waters. Can’t Beat ‘Em? Eat ‘Em
Also known as suckermouths, the species is popular with aquarium owners because the fish eats the algae that pollute tanks. But in the wild, that same behavior erodes shorelines and devastates underwater plant life.
A Mexican social enterprise called Acari is trying to do something about it — by creating a taste for these aquatic terrors.- Categories
- Environment
- Region
- Latin America
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Grupo Financiero Santander México Launches “Tuiio” A Financial Inclusion Program For Low Income Individuals
"Tuiio", which will have its own operating model, infrastructure and brand, is a robust financial inclusion program that will leverage technology to support the needs of Mexico's low-income segment. It aims to generate measurable social impact through productive micro-lending, a digital savings account, its own branch network, staff, ATMs, point-of-sale terminals and electronic banking.
- Categories
- Finance
- Region
- Latin America
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Mexico readies bill to regulate fast-growing fintech industry
The new measures will allow Mexico to join a small list of countries, including the United States and Britain, that have sought to regulate fintech firms.
- Categories
- Finance
- Region
- Latin America
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Chilean startup ComparaOnline raises $14 million for its financial education tools for Latin America
The company, now backed by private equity firm Bamboo Capital Partners and the International Finance Corp., the investment arm of the World Bank Group, pitches financial educational tools to consumers in Brazil, Chile, and Colombia.
- Region
- Latin America
- Tags
- fintech, venture capital