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Press Release: Nuvemshop Raises $90 Million as It Catalyzes E-Commerce and Entrepreneurship Across Latin America
With tremendous momentum over the past year, Nuvemshop tripled its customer base and has been a key enabler of commerce in the region. Latin America is not only a huge market (with over 650 million consumers), it is now the fastest growing e-commerce market in the world, reaching $85 billion in total sales.
- Categories
- Entrepreneurship, Technology
- 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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Press Release: $1 Million DFC Equity Investment in Kasha Global Inc. Supports Women’s Health in East Africa
U.S. International Development Finance Corporation (DFC) today announced the disbursement of a $1 million equity investment in Kasha Global Inc., an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya, alongside investments from Finnfund and Swedfund.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
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Intellecap, TRIF Launch Platform to Promote Circularity in Agriculture
To help address the challenges faced by smallholder farmers, businesses and consumers, Intellecap and Transform Rural India Foundation (TRIF) today announced the launch of IAFS-CAP, a platform to promote circularity in production, processing and distribution of agriculture products such as food, fibre and fuel.
- Categories
- Agriculture
- Region
- Asia Pacific
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Donors Back Tech Over Aid to Feed Hungry World
Food donors want to deliver cutting-edge technology to poor farmers in place of aid in a bid to cut waste, preserve precious land - and make themselves redundant.
- Categories
- Agriculture, Health Care, Technology
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Gpay Raises Series a From KB Financial to Expand Its E-Wallet Platform in Vietnam
The fresh funds will be used to expand Gpay's team and customer base and also upgrade its tech solutions
- Categories
- Entrepreneurship
- Region
- South Asia
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Bazaar, Pakistan-Based B2B E-commerce Marketplace Raises $6.5 Million in One of Region’s Largest Seed Rounds Building the Organization’s Long-Term Business Growth.
Bazaar, a Pakistan-based B2B ecommerce startup that had launched just eight months ago to digitize traditional retail in Pakistan, has raised $6.5 million in one of the region’s largest seed rounds.
- Categories
- Investing
- Region
- Asia Pacific
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MSME E-Commerce Enabler Shopmatic Sees 40% Revenue Growth Amid COVID; Aims to Turn Cash Positive in 2021
Ease of Doing Business for MSMEs: Shopmatic had acquired CombineSell in October 2019 and Octopus Retail Management in March 2019 while it had partnered with PayU, OnlineSales.ai, United Overseas Bank - Singapore, and CIMB Bank - Malaysia to help SMEs enhance their omnichannel presence.
- Categories
- Coronavirus, Entrepreneurship
- Region
- Asia Pacific
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