Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Romance languages such as Spanish and Portuguese are predominantly spoken; it is broader than the terms Ibero-America or Hispanic America.

Source: en.wikipedia.org

SoftBank Leads $100M Investment In Mexico’s Konfio
SoftBank Leads $100M Investment In Mexico’s Konfio
December 03, 2019  |  B2B Payments

SoftBank Group has made another investment in Mexico, leading a $100 million funding round for small business (SMB) lender Konfio. This marks the Japanese conglomerate’s...

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Goldman Lends MercadoLibre $125M
Goldman Lends MercadoLibre $125M
December 03, 2019  |  Loans

Goldman Sachs is loaning $125 million to Mercado Crédito, a unit of MercadoLibre. This is the bank’s third loan to a Latin American FinTech in...

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SoftBank Leads $140M Investment In eComm Company VTEX
SoftBank Leads $140M Investment In eComm Company VTEX
November 22, 2019  |  Investments

VTEX, an eCommerce company that has helped companies like Walmart sell online, has raised $140 million in a funding round led by SoftBank’s Latin American...

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Mixing Tech With Humans To Fill Colombia’s SMB Finance Gap
Mixing Tech With Humans To Fill Colombia’s SMB Finance Gap
November 12, 2019  |  B2B Payments

In Latin America, Colombia is a bright spot for innovation and growth within the small business ecosystem. An Oxford Business Group report on the nation...

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Uber Loses Ground In Latin America To Competitor Didi Chuxing
Uber Loses Ground In Latin America To Competitor Didi Chuxing
November 11, 2019  |  International

Latin America is becoming a new weak spot for Uber, showing a 2 percent growth, the lowest of any region for the ride-hailing company, Reuters...

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Uber To Team With Brazil’s Banco Inter For Financial Services
Uber To Team With Brazil’s Banco Inter For Financial Services
October 13, 2019  |  Partnerships / Acquisitions

A source has revealed that Brazilian lender Banco Inter SA is currently in discussions with Uber about partnering in financial services. The move is another...

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Nubank FinTech Grows Client Base By 25 Pct Since August
Nubank FinTech Grows Client Base By 25 Pct Since August
October 13, 2019  |  Digital Banking

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters...

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Uber Moves Into LATAM Grocery Delivery With Cornershop Buy
Uber Moves Into LATAM Grocery Delivery With Cornershop Buy
October 11, 2019  |  Partnerships / Acquisitions

Uber announced that it’s buying a majority stake in grocery delivery company Cornershop. CNBC is reporting that with the purchase of the Latin American company,...

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Crypto Startup RSK Acquires Social Network Taringa
Crypto Startup RSK Acquires Social Network Taringa
September 27, 2019  |  Partnerships / Acquisitions

Crypto startup RSK will buy Spanish social media network Taringa in a bid to expand and to gain access to the platform’s 20 million users,...

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